IRS accelerates audits of business jet usage
Accounting Today
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The IRS will be scrutinizing the use of corporate jets for personal travel more closely, focusing on big corporations and partnerships, as well as high-income taxpayers, and more of today’s top stories.
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The Internal Revenue Service plans to use funds from the Inflation Reduction Act, which has already been fueling audits of large partnerships, corporations and wealthy individuals.
In other news today:
The Public Company Accounting Oversight Board levied sanctions and penalties against four auditing firms as part of a sweep.
The Internal Revenue Service's Criminal Investigation unit has been investigating bogus claims for the Employee Retention Credit and educating tax pros about the problems they can encounter.
The Georgia-based firm is expanding to South Carolina in its first M&A deal since 1978.
Assessing your fees; partner comp; how to spend money; and other highlights from our favorite tax bloggers.
Schneider Electric will pay $80 million to acquire tax credits, which in turn will help fund four Engie North America projects that are slated to come online in Texas this year.
Chief Executive Officer, Chief Investment Officer, Senior PIM® Portfolio Manager at Edwards Asset Management
10moPhew! Dodge that bullet.
Chartered Accountant at G.Satapathy and Company, Chartered Accountants
10moThanks for sharing