A better season?

A better season?

The IRS said it did better this year; what did you think?

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IRS sees progress on Tax Day after extra funding

The Internal Revenue Service's new commissioner, Danny Werfel, lauded the agency's performance this tax season, thanks to the extra funding from last year's Inflation Reduction Act.

In other news today:

PCAOB inspectors plan to prioritize fraud, crypto, financial sector

Inspectors with the board listed their top priorities for inspections this year in a new staff report.

Tax Strategy: Proposed regs for the Clean Vehicle Credit

The requirements to qualify include final assembly in North America and sourcing some critical minerals and battery components here.

IRS plans to hire more accountants

The service wants to hire more accountants, lawyers and other professionals to focus on high-income taxpayers and large corporations.

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Art of Accounting: GAAP's effect on SVB

Silicon Valley Bank overinvested in long-term bonds, so there was a high likelihood that those bonds would have to be sold prior to their maturity.

Albert Nguyen

Wholesaler at Allergy, Asthma & Sinus Center

1 年

Are you sure

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Gopabandhu Satapathy

Chartered Accountant at G.Satapathy and Company, Chartered Accountants

1 年

Thanks for sharing

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