The Trump administration has opened an online portal where businesses can file their claims for refunds on the tariffs they paid under the emergency powers that the Supreme Court has since ruled unconstitutional. Processing Content In February, the Supreme Court found President Trump’s executive order imposing tariffs under the International
The Internal Revenue Service is asking for whistleblowers to report misuse, diversion or fraudulent use of federal funds by tax-exempt organizations, individuals and businesses. Processing Content The IRS issued a Whistleblower Alert Friday calling out an area of concern about misuse, diversion or fraudulent use of federal funds by tax-exempt
COLORADO HCVT opened a new office in the Denver metro area, in Greenwood Village at 6400 South Fiddlers Green Circle, Suite 1050. The new office will be anchored by Kimberly Hastings, a partner in the firm’s audit practice and leader of the not-for-profit specialty area, who will manage the new
Senators introduced several pieces of tax-related legislation this week, including measures aimed at improving customer service at the Internal Revenue Service, cracking down on tax evasion and curbing the carried interest tax break, in addition to efforts in the House to repeal the Corporate Transparency Act. Processing Content Senators Bill
The Internal Revenue Service rarely penalizes taxpayers who have high balances in foreign bank accounts and fail to file the proper forms, according to a new report. Processing Content The report, released Tuesday by the Treasury Inspector General for Tax Administration, examined Foreign Account Tax Compliance Act, also known as
Fraudsters have been active again this tax season, but the increasing power of artificial intelligence is helping supercharge the pervasiveness and danger of the tax scams being seen this year by researchers. Processing Content A recent study by David Maimon, head of fraud insights at the cybersecurity company SentiLink and
The accounting profession is changing faster than ever, and firm leaders are scrambling to keep up. When asked to identify the biggest issues they see facing the profession, senior executives from Accounting Today‘s 2026 Top 100 Firms named a wide range of issues. From private equity and remaining competitive, to
The accounting profession is changing faster than ever, and firm leaders are scrambling to keep up. When asked to identify the biggest issues they see facing the profession, senior executives from Accounting Today‘s 2026 Top 100 Firms named a wide range of issues. From private equity and remaining competitive, to
Courtesy of the Center for Audit Quality The Center for Audit Quality and Deloitte have released a new report on audit committee effectiveness and priorities. Processing Content The report draws on conversations with 27 audit committee chairs and members who participated in a survey last year for the 2025 Audit
Illicit income; fly like an eagle; subcontractor swindle; and other highlights of recent tax cases. Processing Content Denver: A restaurateur who ran eateries in two states pleaded guilty to defrauding the federal government out of millions of dollars and not paying hundreds of thousands more in taxes. Jared Leonard, 45,