Government

Tax

Eliminating Tax Evasion Is Core Piece of G8 Ten-Point Plan

G8 leaders, who met in Northern Ireland, developed a ten-point plan, the Lough Erne Declaration, which calls for more information sharing between tax authorities and improved transparency to prevent tax avoidance.
Tax

Justice Department Investigating IRS' Targeting of Conservative Groups

Attorney General Eric Holder is scheduled to testify before the House Judiciary Committee, one day after he announced the Justice Department has opened a criminal investigation of the IRS for improperly scrutinizing the tax-exempt status of groups with conservative titles, such as "tea party" or "patriot," in their applications.
Tax

Obama: IRS' Targeting of Conservative Groups 'Outrageous'

President Barack Obama says he will not tolerate political bias at the IRS and promised to get to the bottom of the agency's admitted targeting of conservative groups. The IRS apologized on May 10 for scrutinizing the tax-exempt status of groups with conservative titles, such as "tea party" or "patriot," in their names.
Tax

What's the Impact of Baucus' Retirement on Tax Reform?

Senator Max Baucus announced that he won't be seeking reelection in 2014. Instead, the Democratic senator from Montana intends to focus on helping to shape tax policy in our nation's capital until calling it quits for good.
Tax

Can the IRS Snoop into Personal E-mail?

It's not likely that taxpayers are "blind copying" the IRS on their e-mails to friends or sharing their posts on social media sites with the IRS. But the IRS may be reading those messages anyway.
Tax

Federal Budget Talks Focus On – What Else? – Taxes

At the very least, key members of the House and Senate are talking to each other about the federal budget. But talk – unlike the mounting debt of the country – is cheap.
Education & Careers

Noel Canning Decision Holds President Obama's NLRB Appointments Unconstitutional

On Friday, January 25, 2013, a unanimous panel of the D.C. Circuit ruled that President Obama had unconstitutionally appointed three board members to the National Labor Relations Board (NLRB).
Tax

How to Prepare Clients for the Marketplace Fairness Act

The Marketplace Fairness Act gives states the authority to enforce sales tax collection requirements on most retailers for online sales purchased by residents of the state, even if the retailers have no physical presence in that state.
Tax

State of the Union: Table Is Set for Tax Reform

President Obama delivered a sweeping State of the Union address on a broad array of topics, ranging from the economy to immigration reform to gun control.
Technology

Homeland Security Warns of Java Vulnerability

IMPORTANT ALERT: Computer security sites across the Internet lit up last week with the news that hackers are actively exploiting vulnerabilities in the ubiquitous Java software that resides on many computers.
A&A

GASB Approves New Standard

The Governmental Accounting Standards Board (GASB) has approved a new standard intended to improve accounting and financial reporting for US state and local governments' combinations and disposals of government operations.
A&A

SEC Issues Rule for Compensation Committees

The SEC has approved a new rule directing national securities exchanges to adopt specific listing standards governing the independence of public company compensation committees and compensation advisers.
Tax

A Call to Arms: Tax Breaks for Hiring Vets

Employers can claim a Work Opportunity Tax Credit by hiring veterans who start work before January 1, 2013, but they must file Form 8850 within twenty-eight days after the qualified veteran begins work.
A&A

AICPA's Resolution Underscores Need to Address US Debt

Expressing concern about the growing federal debt, the AICPA has adopted a resolution underscoring the need to put America on a better economic path and supporting two non-partisan efforts.
Practice

Weathering Sandy: Advice, Assistance, Notifications from CPA Societies and Others

Post-Sandy, CPA societies, government offices, and other organizations are providing information and resources to assist those impacted by Hurricane Sandy. We will keep you updated as news comes in.
Tax

IRS Commissioner Shulman to Step Down

On October 10, 2012, the IRS announced that Douglas Shulman, who has led the agency since 2008, is stepping down next month. "It has been an honor to serve the American people during this dynamic time," said Shulman.
Education & Careers

IRS Needs Advisory Committee Members

The IRS is seeking applications for vacancies on the Advisory Committee on Tax Exempt and Government Entities (ACT). The committee provides a venue for public input on relevant areas of tax administration.
A&A

AICPA Names Outstanding CPA in Government Award Winners

John H. Fisher and Roger A. Norman are the 2012 recipients of the AICPA Outstanding CPA in Government Award. Fisher posthumously received the federal government award, and Norman received the award for state government.
Tax

Firearms Training: IRS Meets the Wild West

The IRS Criminal Investigation Division needs to ensure that its special agents are taking and passing required firearms training, according to a new report from the Treasury Inspector General for Tax Administration.
Practice

EEOC State Data Shows Trends, Areas to Watch

In 2011, the EEOC received a record-setting number of charges from those claiming employment discrimination: 99,947 in fiscal year 2011, compared to 99,922 in 2010, and an increase from 82,792 in 2008.

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