The Internal Revenue Service is developing a contingency plan that may result in service cutbacks in case of a government shutdown, according to the labor union representing IRS workers who face possible furloughs. House Republicans have been unable to agree on advancing any appropriations bills this week or last week
Digital asset finance platform Bitwave acquired Gilded, a crypto payments and reporting platform. The acquisition follows Bitwave’s integration of Multisig Media earlier this year. … Crypto accounting platform Ledgible partnered with Thomson Reuters to allow Top 10 Firm Forvis to use specialized crypto tax and accounting software from Ledgible, in
Charity for none; Dr. Backdate; frivolous correspondence; and other highlights of recent tax cases. Atlanta: John Crittenden, a professor of environmental engineering at the Georgia Institute of Technology and the former director of the Brook Byers Institute for Sustainable Systems, has pleaded guilty to tax fraud for lying on his
Accountant, attorney, educator, luminary of the profession, World War II veteran and Accounting Today contributor Sidney Kess died at the age of 97 last weekend (see previous story). Kess was the author of literally dozens of books and even more articles. He had personally taught over a million practitioners in
The Internal Revenue Service said Monday it plans to lower its audit rate of low-income taxpayers who claim refundable tax credits like the Earned Income Tax Credit as it increases audits of wealthier taxpayers and large companies. IRS Commissioner Daniel Werfel wrote about the “rebalancing effort” in a letter Monday
The Internal Revenue Service released a sneak peak Friday of some of the changes it’s hoping to make to the form for claiming research tax credits. The preview shows a number of proposed changes to certain sections of Form 6765, Credit for Increasing Research Activities, also known as the Research
Rea & Associates, New Philadelphia, promoted, to senior manager: Lisa Marley, Erin Steele and Greg Halko; to manager: Daniel Scott, Hannah Hunter, Lamarcus Crowders, Samantha Necastro, Mitchel Huffman, Nicole Ellerbrock, Erin Cline, Alex Lory, Makayla Alexander, Leigha Moran and Tonya Berry; to supervisor: Kara Hutcheson, Tristan Rock, Ashlie Spiker, Leah
The Internal Revenue Service is asking for comments from business taxpayers and their advisors about ways to improve and expand its programs for resolving tax issues upfront before companies run into compliance problems. The IRS wants to expand its pre-filing and tax certainty programs, such as Dispute Prevention and Resolution
Band of brothers; heavy Metal; gone underground; and other highlights of recent tax cases. Dublin, California: Kishore Kethineni, CEO of multiple software development and IT services companies in the Bay Area, has been sentenced to two years in prison for a conspiracy to commit bank fraud and for failure to
The Securities and Exchange Commission (SEC) has proposed security and access control upgrades to its EDGAR system, where public companies file their documents with the regulator. Among the more notable changes is shifting from a one login per company system to a one login per individual. This means that, rather