The IRS terminated its collective bargaining agreement with the National Treasury Employees Union, which represents most IRS and Treasury Department employees.
Category: NYT Accounting News
Pro-alts dark-money group takes jabs at fiduciary watchdog in report to IRS
The Pinpoint Policy Institute’s public campaign against the Institute for the Fiduciary Standard reflects a mysterious phase of the ongoing debate on private investments in 401(k) plans.
AICPA urges Education Dept. to list accounting as professional degree
The Institute submitted a letter in response to the Department of Education’s plan to exclude accounting from its definition of “professional degree” programs.
Botkeeper Infinite acquired by Xendoo, platform will live again
Botkeeper, which abruptly shut down earlier this month, has found a new lease on life as the Botkeeper Infinite platform after being acquired by Xendoo.
Tech news: ISACA updates IT audit framework
Plus, Propense unveils Hatfield client service AI; Skipentry premieres with QBO data extractor tool; and other accounting tech news and updates.
AICPA proposes changes to sustainability attestation standards
The American Institute of CPAs’ Auditing Standards Board proposed a set of updates to its attestation standards regarding sustainability and other emerging assurance issues.
Senate committee proposes to regulate tax preparers, improve IRS
Senate Finance Committee leaders introduced bipartisan legislation with changes to IRS procedures and administration, and standards for tax preparers.
Tax Fraud Blotter: Got to know when to hold ’em
Wrong arm of the law; it all comes out in the wash; human nature and other highlights of recent tax cases.
IRS sent $447.8M in RRC payments to ineligible taxpayers
The IRS issued Recovery Rebate Credits for the pandemic to nearly 301,000 ineligible taxpayers, many of whom were either immigrants or received extra payments.
AICPA wants guidance on Trump Accounts from IRS
The Institute asked for guidance from the IRS and the Treasury on the Trump Accounts for newborns as well other provisions of the One Big Beautiful Bill Act.