Accounting, tax, auditing news

LATEST NEWS

Identity theft victims waited 20 months for IRS case resolution

A TIGTA report found that IRS delays in resolving identity theft cases cost the government $124.2 million in refund interest from fiscal years 2023 through 2025. The findings echo warnings from National Taxpayer Advocate Erin Collins, who has called the wait times “unconscionable.”

GASB issues guidance for its reporting model related to subsidies

IRS finalizes increase in estate tax closing letter fee

IRS raises per diem rates for business travel effective Oct. 1

FASB proposes update to residential mortgage servicing rights guidance

AICPA, former IRS commissioner to lead initiative on AI in tax

IRS cyber weaknesses put taxpayer data at risk again, TIGTA says

FEATURED ARTICLE

When it pays to move HSA funds — and how to do it

Health savings accounts are portable, and clients who use them as long-term savings vehicles can benefit from transferring funds to providers with lower fees and stronger investment options. See how to do it in this PFP Digest article.

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