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While hiring a tax professional to assist in your audit defense can be costly, in many cases, the fees paid can be deducted on your tax return.

Recent IRS warnings and announcements regarding the Employee Retention Tax Credit (ERC) have raised some businesses' concerns about the validity of their claims for this valuable...

On February 21, the IRS announced a new campaign to increase audits of private jet usage by high-income taxpayers, large corporations, and large partnerships to ensure that business deductions for such usage have been properly made.

In recent years, the IRS has audited only about 0.5% of individual income tax returns. Their audit choices have been more high net worth returns and larger companies with more tax issues.

Hiya, folks, and welcome back to another edition of Texas Tax Roundup. It seems like a lot of people might have been taking a vacation in July, getting a break from this heat, so not all that much...

The IRS has largely reopened for business on July 15, with an eye toward high net-worth individuals. The IRS recently announced it will restart its global high-wealth program...

Recently, KPMG released its 2017 Global Audit Committee Pulse Survey, which reports on audit committee activities based on survey responses from 800 audit committee members across 42 countries.

Certain entities with 100 or fewer eligible partners/members may elect to opt out of the new partnership audit rules.

The Cabinet Regulatory Tracker is a list of upcoming comment deadlines, compliance deadlines, effective dates and reporting deadlines.

The class action suit filed on behalf of many Alabama taxpayers against the largest contract auditing firm in the state and its 250 or so municipal and county government clients has survived its first major challenge, after almost two years of legal wrangling.

In early 2017, the IRS updated its Golden Parachute Payments Audit Technique Guide for the first time since its 2005 issuance.

Since its inception in March of this year, the Paycheck Protection Program ("PPP") has provided hundreds of billions of dollars in SBA-guaranteed loans to help American small businesses through the COVID-19 pandemic.

Paul Beswick, the SEC’s Chief Accountant, discussed the role of audit committees at the recent SEC Speaks program titled "Audit Committees: Back to Basics."

Pursuant to Section 403 of the Sarbanes-Oxley Act of 2002 (the "Sarbanes-Oxley Act"), the Securities and Exchange Commission (the "SEC") has promulgated final rules requiring the electronic filing of beneficial ownership reports on Forms 3, 4 and 5 filed by officers, directors and principal security holders under Section 16(a) of the Securities Exchange Act of 1934 (the "Exchange Act").

Specifically, they raised concerns that EPA regions were no longer complying with "policies, guidance, and procedures" intended to improve the "timeliness, cost-effectiveness, consistency...

On May 20, 2022, the Office of Federal Contract Compliance Programs (OFCCP) published its FY 2022 Corporate Scheduling Announcement List (CSAL) for supply and service contractors.

Currently, most partnership audits are covered by TEFRA, the Tax Equity and Fiscal Responsibility Act of 1982.