Prosecutors agreed to dismiss the indictment against Ver, who admitted that he failed to pay all the taxes that he owed to the IRS on the sale of Bitcoin after he renounced his U.S. citizenship.
Category: NYT Accounting News
GM takes $1.6B charge after pullback from EVs
The giant automaker is taking a hit as the market for electric vehicles is reshaped by the Trump administration’s removal of tax credits and other incentives.
In the blogs: Capitol questions
Shutdowns and tax obligations; 529 money and the CPA exam; gig questions; and other highlights from our favorite tax bloggers.
Yes, extended returns are still due Oct. 15
Despite the government shutdown, the IRS is reminding taxpayers and tax professionals that 2024 tax returns that were put on extension are still due.
Phasing out checks threatens vulnerable taxpayers
Taxpayer Advocate Erin Collins warns about the potential downsides for some taxpayers of the IRS moving entirely to electronic payments.
Why exfiltration prevention is now a compliance imperative for accounting firms
Why exfiltration prevention is now a compliance imperative for accounting firms
IRS gives deposit relief for remittance transfer providers
Notice 2025-55 provides relief in connection with the new excise tax imposed on certain remittance transfers under the One Big Beautiful tax bill.
The rise of the ‘Intrapreneur:’ Accounting’s leadership shift
The next 10 years could be one of the best times in history to build a career in public accounting.
AI scams create an opportunity for accountants
Accountants need to navigate the double-edged sword of artificial intelligence with smart payment platforms.
Being strategic with your tech stack
Approaching the software your accounting firm uses through the lens of your overall strategy is critical.