Sanctions list; getting out of the Market; why oh Y; and other highlights of recent tax cases. Washington, D.C.: The IRS Office of Professional Responsibility has published recent tax professionals’ sanctions, including censure, suspension or disbarment from practice before the IRS (by certification, alphabetical by state and all dates this
As we approach the finish line for 2023 and your organization gets ready to start another year, take some time to celebrate and look back at what you accomplished. This year was transformative. It saw the emergence of artificial intelligence tools, increased cloud technology adoption rates, innovation to address staffing
Not every accounting firm wants to grow — and that’s fine, provided they can keep the revenue coming in and stay ahead of various kinds of attrition (among partners, staff and clients). If they can do that, they can keep making the money they make doing the work they do
The Internal Revenue Service may randomly phone tax professionals for a survey between Nov. 27 and Jan 19, 2024. “This is not a scam. Please don’t hang up,” the agency said in an announcement about the survey. “Responses will help the IRS improve services to the tax pro community and
Think about the typical cryptocurrency investor. What comes to mind? Maybe someone young, tech-forward and college educated, with lots of disposable income. While this may have held true before, recent data indicates there is little separating today’s cryptocurrency investor from holders of any other asset. A study published by the
In today’s world, you simply can’t avoid discussing generative artificial intelligence. News stories and conversations about AI are abundant, and the accounting industry is no exception. At Baker Tilly, we’ve embraced AI to enhance efficiency, making it an invaluable tool to empower our professionals and accelerate their work. A “better”
Abip CPAs & Advisors, a Houston-based firm, merged in Matthews & Johnson CPAs LLC, a tax, accounting and advisory firm based in New Braunfels, Texas, effective Nov. 1, 2023, and with Brehm, Havel & Co., a San Antonio-based CPA firm, effective Jan. 1, 2024. The Matthews & Johnson deal will
The Treasury Department and the Internal Revenue Service issued proposed regulations to update the investment tax credit rules to encompass various forms of renewable energy. The proposed regulations, which were posted Friday, update rules that haven’t been changed since 1987. The proposal updates the kinds of energy properties eligible for
The Department of the Treasury and the IRS have issued proposed regulations of guidance under a new section of the law that disallows deductions for certain charitable conservation contributions by partnerships and other pass-through entities. The SECURE 2.0 Act of 2022 added new subsections to the part of the tax law that
The Internal Revenue Service has appointed Rajiv Uppal as its next chief information officer, to assist with the agency’s transformation work, beginning in early 2024. Uppal, who currently serves as the director of the Office of Information Technology and chief information officer for the Centers for Medicare and Medicaid Services,