The Internal Revenue Service’s criminal investigators have been on the lookout for tax evasion by businesses that don’t pay employment taxes.
Category: NYT Accounting News
IRS unveils draft 1099-DA for crypto
The Internal Revenue Service previewed a draft form for crypto brokers for reporting on the proceeds of digital asset transactions to their customers.
PCAOB finds auditor evaluation deficiencies
Seventeen percent of comment forms in 2021 and 2022 contained auditor evaluation deficiencies, according to the PCAOB.
Hong Kong regulator to probe PwC over Evergrande
The AFRC will investigate an anonymous report alleging deficiencies in the firm’s quality management and the quality of its audits of the Chinese real estate giant.
Biden unveils winners of $2B in green tax credits
A battery-material maker, an electric vehicle charger manufacturer and a rare earth producer were among about 35 recipients of energy tax credits.
Tax Fraud Blotter: Severe and widespread
Speedy decision; trouble in paradise; diplomatic imbecility; and other highlights of recent tax cases.
Fighting stubborn racial disparities in homeowner tax subsidies
Experts from the Fed, Intuit and the Urban-Brookings Tax Policy Center explored ideas for more effective ways to advance the goals of the mortgage interest deduction.
Avalara’s new president to emphasize customer experience
Ross Tennenbaum said he intends to improve its customer experience, and hinted at an e-invoicing partnership with a blue chip company.
Accountants feel more upbeat about global economy
Accounting and finance professionals are expressing greater confidence about the world economy this year, according to a new survey.
PwC shakes up U.S. firm
PricewaterhouseCoopers US is realigning its organizational structure across three lines of service — Assurance, Tax and Advisory — starting in July.