The gap between taxes owed and paid increased to $696 billion in tax year 2022.
Category: NYT Accounting News
GASB mulls changes in accounting for infrastructure assets
The Governmental Accounting Standards Board is considering changes in the financial reporting rules for infrastructure assets and is looking for feedback.
Tax breaks spur foreign direct investment in Midwest manufacturing
While the potential rewards are attractive, for many of the small to midsized players, there are a host of operational and tax-related implications that need to be addressed.
The Top 10 Taxpayer Disputes with the IRS
Disagreements with the IRS, while business as usual for CPAs, can be terrifying to the taxpayer.
KPMG supports alternative CPA pathways
To help build the accounting pipeline, the Big Four firm is publicly supporting other ways to earn a license.
C-suite execs concerned about taxes post-election
A new survey by PwC of top corporate executives uncovered worries about tax policy after the election.
Finance leader confidence in gen AI does a 180
Confidence in generative AI has soared among financial operations and tax professionals in just one year.
Senators introduce bill to improve IRS customer service
Sens. Bill Cassidy and Mark Warner introduced legislation supported by the AICPA that would create a dashboard to inform taxpayers of backlogs and wait times for refunds.
In the blogs: Letter carriers
W-2G income; addressing the CPA shortage; qualities of a crypto tax pro; and other highlights from our favorite tax bloggers.
Trump Jr. takes aim at Deloitte
Donald Trump Jr. is threatening Deloitte’s lucrative contracts with the federal government because one of the firm’s executives reportedly leaked private conversations with JD Vance.