Tax Fraud Blotter: Get rich Quick
No-brainer; kicking back; up against the wall and other highlights of recent tax cases.
Platform adds Connecticut firm
Platform Accounting Group acquired Smeriglio Associates, expanding its presence in Connecticut and New York.
Trump’s power to sue US is challenged in $10B IRS case
President Trump has been given a deadline of next week to respond to claims that his $10 billion lawsuit against the IRS poses a glaring conflict of interest.
6 common S corp election mistakes to avoid
If you have business clients who are considering changing their LLCs or C corporations into S corporations, now is a great time to discuss the pitfalls.
UHY acquires CMJ
The deal expands the Top 50 Firm’s presence in New York State and adds CMJ’s specialties in construction and financial services.
Treasury further weakens corporate alternative minimum tax
The Treasury Department released interim guidance on the corporate AMT, further restricting the reach of the 15% tax on billion-dollar corporations.
US companies pay more taxes abroad than here
The Financial Accounting Standards Board’s recent income tax disclosure standard is revealing that many prominent U.S. multinationals are paying far more corporate taxes in other countries than at home, according to a new analysis.
Fewer taxpayers trust AI for tax prep
While most taxpayers tend to procrastinate on doing their taxes, they’re even more hesitant to trust artificial intelligence to do their taxes for them.
Foreign funding of higher education exposes new risks
Federal attention to foreign influence in higher education has intensified.
AI connected to slightly more hiring, but growth favors older workers with less exposure
Payroll data from Gusto finds that small businesses that use AI more tend to hire slightly more people, but this does not necessarily favor younger people in their early career, or those in heavily AI-exposed occupations.