IRS WATCH

$600 is now $10,000 when it comes to tax dodging, and the IRS wants to crack down

By Lynnley Browning       6 min read

The Treasury Department suddenly softened its plan to track consumer transactions after critics protested that it would target low-income workers.  Read story →

Former lawmakers press Congress not to end ERC early

By Michael Cohn       6 min read

An open letter last week expressed bipartisan opposition to proposals to retroactively end the credit before the end of the fourth quarter. Read story →

IRS sets new requirements for R&D credit refund claims

By Michael Cohn       3 min read

The Internal Revenue Service’s Office of Chief Counsel is spelling out new requirements for information from companies submitting claims for research credit tax refunds to prove they’re valid. Read story →

IRS overhauls much criticized FAQ process for tax laws

By Michael Cohn       4 min read

The Internal Revenue Service is updating the bewildering process for the frequently asked questions pages it posts on its website about new tax legislation after enduring. Read story →

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Opposition grows to IRS bank reporting proposal

By Roger Russell       3 min read

Trade groups and Republicans in Congress are marshalling arguments based on privacy, constitutionality and other concerns. Read story →

Senate Democrats to unveil scaled-back IRS bank-reporting plan

By Laura Davison       2 min read

The proposal is the result of weeks of talks between Democrats about how to scale back an idea first floated by Treasury officials.  Read story →

IRS spotlights charity fraud awareness

By Michael Cohn       2 min read

Fraudsters have been even more active since the start of the pandemic, and many are targeting nonprofits. Read story →

IRS begins using videoconferencing to meet with big businesses

By Michael Cohn       2 min read

The Internal Revenue Service’s Large Business and International division is starting to use videoconferencing to meet with big companies virtually to resolve their tax issues.  Read story →

EY announces free Masters in Business Analytics for staff

By Sean McCabe       2 min read

Ernst & Young, in association with Hult International Business School, announced the new data and AI-minded qualification is available free of charge for all global firm members. Read story →

M&A roundup: PwC, Sikich and Withum make deals

By Michael Cohn      

Clayton, Dubilier and Rice is acquiring PwC’s Global Mobility Tax and Immigration Services business; Sikich is buying PA Group USA; and Withum is merging in MM&Co.  Read story →

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Post extension season process improvements to enrich client relationships and maximize billable hours

Thursday, October 21, 2021 2:00 PM EDT

Many professionals would agree that the last two tax seasons have been challenging, with both federal and state government entities implementing new pandemic-related legislation and extending filing deadlines. Learn More →

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Thursday, November 4, 2021 1:00 PM EDT

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ASC 842 and GASB 87 – Top three challenges of compliance

Wednesday, November 17, 2021 2:00 PM EST

Compliance with the lease accounting standards applies to every organization subject to the rules of the Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB), regardless of size.  Learn More →

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