The Tax Cuts and Jobs Act of 2017 had virtually no effect on reducing compensation of top executives at companies despite promises to the contrary, according to a new study. The study pointed out that one of the many provisions of the wide-ranging tax reform package that was pushed through
The Treasury Department has developed a framework with other federal agencies for engaging with foreign countries on the regulation of digital assets, in response to an executive order from President Biden, even as lawmakers in Congress have proposed their own industry-friendly legislation. The Treasury Secretary, in consultation with heads of
The Internal Revenue Service has posted a revenue procedure to give widows and widowers the ability to file for an extension of time on a tax exclusion beyond the fifth anniversary of their spouse’s death. Revenue Procedure 2022-32, released Friday by the IRS, provides a simplified method for certain estates
Due to extensive interest, Accounting Today is extending the deadline for submissions for its annual Managing Partner Elite list of top firm leaders to the end of the day Thursday, July 14. The MP Elite report, which will be published in the August issue, identifies and profiles approximately a dozen
Angel of fraud; time with the kids; from one cell to another; and other highlights of recent tax cases. Louisville, Kentucky: Attorney Keith Hunter has been convicted for engaging in tax evasion. Hunter evaded federal income taxes, penalties and interest for 2000, 2001, 2002, 2006, 2008 and 2011, a total
Good points to the IRS; avoiding partnership; sharpen your marketing; and other highlights from our favorite tax bloggers. While we’re on the subject Solutions for CPA Firm Leaders (http://ritakeller.com/blog/): A recent poll found the top five reasons for employee burnout — and four “almost describe the way of life in
An ongoing protest I get from colleagues is that they do not have enough time to get everything done. Time management is a personal issue and it is hard to tell someone what they should or should not do. A suggestion to help you better manage your time is to
Citrin Cooperman, New York, launched its new website featuring thought leadership and multiple interactive channels for visitors. Friedman appointed, to partner: Sungjoo Hong and Anthony Rodriguez, New York; and Sophia Li and Richard Ouyang, China; to principal: Gurmeher Allagh, Danielle Cass, Joseph D’Auria, Philip DiBartolomeo, Robert DiSpaltro, Angela Gebert, Charlene
The Internal Revenue Service’s Criminal Investigation division worked with tax authorities abroad on a joint operation that eventually led to the shutdown of Euro Pacific International Bank by officials in Puerto Rico. IRS CI officials described their work during a press conference Thursday with other members of the Joint Chiefs
Pawn king; tell us where it hurts; check’s not in the mail; and other highlights of recent tax cases. Fort Lauderdale, Florida: Tax preparer Guy Telfort has pleaded guilty to criminal contempt for continuing to prepare and file returns with the IRS in violation of a federal court order barring