The Internal Revenue Service did little to stop fraudsters who used the Practitioner Priority Service Line to fraudulently claim nearly $462 million in refunds, per the Treasury Inspector General for Tax Administration.
Category: NYT Accounting News
EY fires staff for ‘cheating’ on training courses
Ernst & Young fired dozens of its U.S. staffers for taking multiple online training courses simultaneously, violating the firm’s ethic’s policies.
CrowdStrike, Carahsoft struck deal to sell software IRS didn’t buy
Questions have been raised about how Crowdstrike accounted for the deal in its financial statements.
IRS offers guidance on energy-efficient homes
Final regulations are also available for the Advanced Manufacturing Production Credit established by the Inflation Reduction Act.
On the move: Ascend adds chief AI officer
Traphagen CPAs raises over $1K for American Cancer Society; KPMG appoints four partners to deal advisory & strategy practice; and more news from across the profession.
Tax Fraud Blotter: Rampant self-dealing
Makin’ a list; caught again; back to school; and other highlights of recent tax cases.
A plague on both your (political) parties
Accountants are pretty unhappy with the current political situation.
Accountants and the 2024 election: The home stretch
As Nov. 6 gets closer and closer, the accounting profession is leaning heavily Republican.
IPSASB issues exposure draft on tangible natural resources
The International Public Sector Accounting Standards Board today issued Exposure Draft 92, Tangible Natural Resources.
Harris goes quiet on Biden’s push to tax unrealized gains
Harris’ campaign also declined to say if she supports the specifics of the minimum tax on billionaires included in Biden’s annual budget request.