The intense tax audits of former FBI leaders were the result of random selection, according to the Treasury Inspector General for Tax Administration — not malice on the part of the Trump administration. The tax returns of former FBI Director James Comey and Deputy Director Andrew McCabe were among those
The Treasury Department turned over six years of Donald Trump’s tax returns to a House committee after the Supreme Court cleared the way for the release. A spokesperson on Wednesday said the Treasury complied with the court’s decision. The Ways and Means Committee has been seeking the returns, saying it
The gift of finances; scaling a firm; new blog on the block; and other highlights from our favorite tax bloggers. We have questions John R. Dundon II EA (https://www.johnrdundon.com/): What to remind them about the Kiddie Tax — with one of our fav passages of the week: “One particular taxpayer with
Details: BST & Co. CPAs LLP added O’Connor & O’Connor CPAs, an accounting firm in Albany, New York, that has served clients in New York State’s Capital region and beyond for over 50 years. O’Connor & O’Connor CPAs offers accounting, financial and tax services to businesses and nonprofits. The team
Over the past few years, we’ve seen major changes to the workforce and the way people work. For finance professionals in particular, rapid acceleration of accounting and finance technology has redefined the status quo of both workflow and operations, as well as individual output. While some of these changes have
An accounting firm that touts itself as the first to open its headquarters in the metaverse was accused in a lawsuit of turning a blind eye to a pattern of racketeering at FTX, the cryptocurrency exchange that collapsed, causing billions of dollars in losses. Prager Metis CPAs LLC, an auditor
Maner Costerisan volunteered at eight nonprofits throughout Lansing and Grand Rapids Nov. 3 as part of its fifth annual Maner Costerisan Cares Day of Impact. (Read the full story.) The Michigan Association of CPAs, Troy, hosted its annual awards event, Celebrate, on Nov. 9, honoring industry leaders and future leaders.
Almost made 100; O Canada; check’s not in the mail; and other highlights of recent tax cases. Irvington, New Jersey: Tax preparer Nehemie Leon, of Roselle, New Jersey, has pleaded guilty to preparing false returns for clients. Leon was employed or self-employed as a preparer at a prep business. She
The Internal Revenue Service issued a notice containing a list of required amendments needed for Section 403(b) plans. A 403(b) plan, also called a tax-sheltered annuity plan, is a retirement plan for certain employees of public schools, employees of certain Section 501(c)(3) tax-exempt organizations and certain ministers. A 403(b) plan
Todd and Julie Chrisley, stars of the long-running cable TV series “Chrisley Knows Best,” received prison sentences of 12 years and seven years, respectively, on tax evasion and bank fraud charges. A jury in Atlanta convicted the couple in June on the charges (see story). According to prosecutors, the pair