Attorneys general from 25 states and D.C. are suing the administration over rules limiting loans for graduate students in accounting and other professions.
Category: NYT Accounting News
In the blogs: Rainy days and Mondays
Critical cautionary tale; reactive to proactive; consumption taxes; and other highlights from our favorite tax bloggers.
House passes bill protecting taxpayer due process rights
The House approved legislation to make IRS collection proceedings taxpayer friendly, safeguard tax refunds and provide judicial review of tax liability claims.
AICPA backs bill limiting beneficial ownership reporting
The American Institute of CPAs expressed support for legislation limiting the reporting of U.S. businesses’ beneficial ownership information to FinCEN.
Trump’s IRS settlement includes dropping tax cases, audits
The Internal Revenue Service agreed not to continue any legal claims or investigations of the president’s past tax returns, adding to a controversial settlement.
IMA launches AI micro-credential
The Institute of Management Accountants announced the availability of its new AI in Finance Micro-credential as part of a larger rollout of similar credentials for specialized finance and accounting competencies.
What makes a Best Firm for Technology?
A look inside what it takes to truly get the most out of your firm’s technology, with insights from Roman Kepczyk.
SEC nixes ‘gag rule’ on enforcement action settlements
The Securities and Exchange Commission rescinded a policy Monday requiring defendants in settled enforcement actions not to publicly deny the SEC’s allegations.
IRS upped overtime amid staff reductions
The Internal Revenue Service increased overtime hours and pay for its employees after extensive staffing reductions and last fall’s government shutdown.
IRS detecting more tax-related identity theft
The Internal Revenue Service has improved its ability to flag returns for signs of identity theft, adjusting its filters to reduce false positives and spot fraud.