EITC education; onboarding is key; expats on the rise; and other highlights from our favorite tax bloggers. Classified information The Wandering Tax Pro (http://wanderingtaxpro.blogspot.com/): Another option for regulation of paid preparers: a voluntary credential program administered by the IRS. National Association of Tax Professionals (https://blog.natptax.com/): The IRS is stepping up
Donald Trump demanded reams of information from the Internal Revenue Service as it was preparing to turn over his personal tax returns to a congressional committee, papering the agency with a deluge of Freedom of Information Act requests in search of a behind-the scenes look at its deliberations, new documents
Like much of the financial world, Carolyn Wilkins, a former deputy governor of the Bank of Canada, was dismayed at the governance failures that led to the collapse of the FTX crypto trading platform. However, while there is much to be said about the specific missteps of those connected to
Sen. Elizabeth Warren, D-Massachusetts, and Senate Finance Committee chairman Ron Wyden, D-Oregon, are asking the Public Company Accounting Oversight Board to do more to regulate the audits of cryptocurrency companies in the wake of recent high-profile bankruptcies of companies like FTX. In a letter Wednesday to PCAOB chair Erica Williams,
The Internal Revenue Service highlighted its annual Earned Income Tax Credit Awareness Day on Friday as a way to help millions of people take advantage of the tax break, but the National Taxpayer Advocate is also pointing out that some of those benefits actually expired and don’t apply this year.
Hundreds of occasions; now for the hard labor; fool me twice; and other highlights of recent tax cases. Scranton, Pennsylvania: Tax preparer Donald Royce, 46, of Orlando, Florida, has been sentenced to 46 months in prison for defrauding taxpayers of more than $250,000. In 2017, Royce was indicted on one
The Internal Revenue Service unveiled a long-awaited online portal Wednesday where businesses will be able to file their 1099 information returns for free. The Information Returns Intake System portal was originally expected to be available on Jan. 9, but needed a little extra testing first (see story). The IRS hopes
The licensing debate; IRIS AWOL; donating crypto; and other highlights from our favorite tax bloggers. All in the preparation National Association of Tax Professionals (https://blog.natptax.com/): A handy flowchart to let them see if they do, in fact, need a tax preparer. The Wandering Tax Pro (http://wanderingtaxpro.blogspot.com/): Regulation of paid preparers
KPMG is expanding its efforts to attract more students to the firm and the accounting profession at large, partnering with the University of Northern Iowa to support a new hybrid learning program. UNI, which is based in Cedar Falls, Iowa, said this month it’s expanding its bachelor of arts in
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