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IRS fraud-detection; restoring the personal exemption; divorce and taxes; and other highlights from our favorite tax bloggers. Here come da judge Federal Tax Crimes (http://federaltaxcrimes.blogspot.com/): A look at a recent Transactional Records Access Clearinghouse offering, “Seeing Justice Done: The Impact of the Judge on Sentencing.” Key excerpt: “The recent sentencing of Paul Manafort by federal […]
AppZen, a provider of expense management auditing software, is expanding into audits of supplier invoices and contract compliance using artificial intelligence. The San Jose, California-based company said Wednesday its system would be able to audit invoices in real time before they are paid to detect compliance issues, incorrect rates and potential fraud. It will also […]
Third in a series of three articles about the changing nature of data strategy for businesses. The first article is here. The second article is here. Excerpted from Data Leverage: Unlocking the Surprising Growth Potential of Data Partnerships by Christian J. Ward and James J. Ward. Reprinted with the authors’ permission. More data strategy and […]
The Internal Revenue Service has issued final regulations offering guidance on the penalty for failing to include information that’s supposed to be disclosed about reportable transactions and how to calculate the penalty amount. Andrew Harrer/Bloomberg The regulations clarify the amount of the penalty under section 6707A of the tax code, which was amended by the […]
Democrats who were hoping the completion of the Mueller report would speed up the effort to request President Donald Trump’s tax returns may be disappointed. House Ways and Means Chairman Richard Neal is being pulled in two directions, by progressives to quickly demand Trump’s personal returns from the Treasury Department and by some moderates to […]
(Second in a series of three articles about the changing nature of data strategy for businesses. Excerpted from Data Leverage: Unlocking the Surprising Growth Potential of Data Partnerships by Christian J. Ward and James J. Ward. The first article can be viewed here. Reprinted with the authors’ permission.) What is data? You may think you […]
Cerini Associates Bohemia, N.Y.-based firm Cerini Associates has announced a collaboration with the Book Fairies, a local nonprofit organization that collects used books and distributes them throughout the metropolitan New York area to children in need. Cerini Associates has pledged that for every chargeable hour its professionals and advisors perform, the firm will cover the cost […]
(First in a series of three articles about the changing nature of data strategy for businesses. Excerpted from Data Leverage: Unlocking the Surprising Growth Potential of Data Partnerships by Christian J. Ward and James J. Ward. Reprinted with the authors’ permission.) If you speak with executives at a multi-billion dollar industry leader and then speak […]
The Internal Revenue Service is temporarily suspending a pair of revenue rulings dating back to 1957 on the tax requirement for corporate spinoffs until it finishes a new study analyzing the 62-year-old requirements. The IRS issued Revenue Ruling 2019-09 Thursday, which suspends the two 1957 revenue rulings until a study is completed on the active […]
The Treasury Department and the Internal Revenue Service said Friday they are lowering the withholding underpayment threshold to 80 percent to give more taxpayers relief from tax penalties if they didn’t withhold enough taxes from their paychecks last year in the wake of the Tax Cuts and Jobs Act. The change applies to taxpayers whose […]
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