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October 18, 2021

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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. View story →

On the move: HCJ hires business advisory services leader

By Danielle Lee      

FICPA appoints CFO and announces annual summit; Weaver promotes pair to partners-in-charge of alternative investment funds practice; and more CPA news.  View story →

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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. View story →

Firms giving back: Illinois CPA Society holds Day of Service

By Sean McCabe      

Rehmann associate Maher Faik also raises $40,000 for Friends of Foster Kids through participation in the 100 Businesses Who Care pitch event. View story →

5 data strategies to optimize a tax department

By Brad Brown, Irene Shen      

A recent KPMG survey reveals how corporate tax units are managing data and analytics. View story →

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Global tax changes, supply chain woes and pandemic add to transfer pricing uncertainty

By Michael Cohn       3 min read

A new survey by Ernst & Young finds growing worries about transfer pricing among business leaders. View story →

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Treasury rips ‘misinformation’ on tax plan’s bank-data provision

By Laura Davison       3 min read

The plan would require financial institutions to report information about some bank accounts to the IRS.  View story →

France says U.S. must drop tariff threat over digital taxes

By William Horobin and Christopher Condon       1 min read

The countries have joined a global agreement on overhauling international taxation. View story →

Corporate directors see ESG reporting as necessity

By Michael Cohn       5 min read

Corporate board members may finally be ready to embrace environmental, social and governance reporting by their finance teams. View story →

Tax Fraud Blotter: Cement heads

By Jeff Stimpson       6 min read

Debt deceit; up in Michigan; game of chicken; and other highlights of recent tax cases. View 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 →

Top factors to consider for legal entity optimization in 2021

By Robert Bennett       5 min read

Many accountants and tax professionals wonder if they could save their clients big money simply by helping them make a business entity switch. The short answer is, yes, you can — in the right circumstances.  Read story →

SOX compliance teams adjust to pandemic

By Michael Cohn       2 min read

The COVID-19 pandemic has complicated life for Sarbanes-Oxley compliance teams, forcing accountants and auditors to work remotely.  Read story →

The 2021 audit cycle: Not quite back to normal

By Jeffrey Kranzel, Matt Wray      

Companies can expect to face seven key pressure points. Here are some considerations to successfully navigate each hurdle. Read story →

NJCPA announces 2022 student scholarships

By Sean McCabe       2 min read

The New Jersey Society of CPAs is awarding one-year scholarships to college-bound high school seniors, current accounting students in college and diverse students looking to enter to the profession. Read story →

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