Blog Articles & Video Uncategorized

Members of the Senate and House introduced bipartisan legislation to expand the Affordable Housing Tax Credit. The Affordable Housing Credit Improvement Act, introduced Friday, would increase housing credit allocations by restoring the 12.5% cap increase that expired in 2021 and further increase resources by 50% to help meet the growing

The Senate Finance Committee examined the impact of the Tax Cuts and Jobs Act on pharmaceutical makers’ taxes and found the law enabled some of the biggest companies to lower their tax bills by shifting profits abroad. A memo released Thursday from Senate Democrats’ staff found the 2017 tax overhaul

The Internal Revenue Service is taking steps to reduce the likelihood of harm to its employees by removing their first names from correspondence, but their last names and phone numbers will still appear.  A report released Thursday by the Treasury Inspector General for Tax Administration revealed that during walkthroughs at

Pearl jam; that’s a whole lot of shingles; rocking their world; and other highlights of recent tax cases. New York: Amir Bruno Elmaani, of Martinsburg, West Virginia, founder of the cryptocurrency Oyster Pearl, has pleaded guilty to tax offenses. Elmaani admitted that he had secretly minted and sold for his

Harlan Crow, a Texas billionaire and GOP donor, has refused a request by Senate Finance Committee Chairman Ron Wyden to detail the extent and tax treatment of luxury gifts he provided to Supreme Court Justice Clarence Thomas. In a letter to Wyden that was released Tuesday, Crow attorney Michael Bopp

PricewaterhouseCoopers is investing $1 billion in artificial intelligence technology like ChatGPT while also pouring money into geospatial technology to track rising sea levels and other signs of climate change as well as predictive analytics auditing technology, virtual reality and more. PwC demonstrated several of the products it’s been developing, and

The Internal Revenue Service’s Knowledge Management Program for disseminating employee advice and information has been difficult to use, and the employees who are supposed to be subject matter experts don’t always have the necessary experience, according to a new report. The report, released Monday by the Treasury Inspector General for

The Institute of Internal Auditors sent Congress a legislative proposal recommending that all cryptocurrency exchanges operating in the U.S. should possess an independent internal audit function to provide objective assurance over their internal controls. The proposal comes after the high-profile collapse last year of the crypto exchange FTX and other

Schulman Lobel LLP, a New York-based accounting firm, acquired the tax compliance division of DFP Partners, and merged with Tanton Grubman CPAs LLP and Steinberg Shebairo LLP, also in New York. The three recent mergers and acquisitions added over $7 million in billings and more than 30 new employees to