Now is a great time to start helping clients plan for their financial futures. | A UBS whistleblower, a meeting at a boutique and a record fine | | By Gaspard Sebag 2 min read | | UBS Group AG questioned investigators’ dealings with a whistleblower who provided documents and evidence about an event for wealthy clients at the French Open that helped lead to a record 4.5 billion-euro ($5.4 billion) penalty. | |
| Momentum builds for delaying tax deadline | | By Michael Cohn 3 min read | | Leaders of the House Ways and Means Committee and accounting groups are calling for extending the tax deadline to give the IRS, taxpayers and tax professionals an extra three months. | |
| Biden nears big win as $1.9T stimulus goes to final vote | | By Erik Wasson, Laura Davison and Steven T. Dennis 5 min read | | President Joe Biden is on the cusp of his first legislative win with the House ready to give final passage to his $1.9 trillion COVID-19 relief plan. It includes a big expansion in the child tax credit and makes student loan forgiveness tax free. | |
| AICPA urges delay in tax deadline until June 15 | | By Michael Cohn 2 min read | | The American Institute of CPAs is asking the Treasury Department and the Internal Revenue Service to push back the tax filing and payment deadline for two months. | |
| WE Charity leaves a trail of enraged, grieving donors | | By Natalie Obiko Pearson, Danielle Bochove and David Herbling 11 min read | | A donor has asked the IRS to open a fraud investigation into a nonprofit that builds schools in Africa, and for Canada’s federal police to seize its records. | |
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