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News

Accounting Today
accountingtoday.com > news > tax-fraud-blotter-get-your-stolen-checks-here

Tax Fraud Blotter: Get your stolen checks here

2+ week, 3+ day ago   (1100+ words) Philadelphia: Alexander Telewoda, 26, of Clifton Heights, Pennsylvania, was sentenced to 78 months in prison, three years of supervised release, restitution of $10,841,731.83 and forfeiture of $162,144.50 for conspiring with three others to steal and sell thousands of U.S. Treasury checks. The defendant was charged…...

Accounting Today
accountingtoday.com > news > irs-extends-safe-harbor-for-carbon-capture-tax-credit

IRS extends safe harbor for carbon capture tax credit

3+ week, 3+ day ago   (282+ words) Notice 2026-50, which the IRS and the Treasury issued last week, provides interim guidance, pending the issuance of regulations, relating to the credit for carbon oxide sequestration under Section 45Q of the Internal Revenue Code to reflect the Environmental Protection Agency's proposed…...

Accounting Today
accountingtoday.com > articles > sec-moves-to-scrap-biden-era-rule-on-climate-risk-disclosures

SEC moves to scrap Biden-era rule on climate risk disclosures

3+ mon, 2+ week ago   (380+ words) The Securities and Exchange Commission wants to formally kill rules it's now calling a "dramatic overreach" of its own authority that would have required public companies to report greenhouse gas emissions and climate-related risks to their operations. The 2024 rules, which…...

Accounting Today
accountingtoday.com > articles > judge-pauses-action-on-trumps-1-8b-fund-amid-suits

Judge pauses action on Trump's $1.8B fund amid suits

3+ mon, 2+ week ago   (464+ words) A federal judge in Virginia temporarily barred the Trump administration from taking steps to operate the $1.8 billion "anti-weaponization fund" while she weighs a longer-term block amid a growing number of legal challenges. Although the proposed fund is still in an…...

Accounting Today
accountingtoday.com > articles > wyden-finance-panel-democrats-seek-investigation-of-doj-fund

Wyden, Finance panel Democrats seek investigation of DOJ fund

3+ mon, 2+ week ago   (335+ words) Democrats on the Senate Finance Committee called on chairman Mike Crapo (R-Idaho) Friday to launch a bipartisan probe into the Justice Department's new fund for victims of government weaponization. Led by ranking member Ron Wyden (D-Ore.), the letter slams the…...

Accounting Today
accountingtoday.com > articles > trumps-latest-10-tariffs-found-unlawful-by-us-trade-court

Trump's latest 10% tariffs found unlawful by US trade court

4+ mon, 5+ day ago   (1164+ words) President Donald Trump's 10% global tariffs were declared unlawful by a federal trade court in a fresh blow to the administration's economic agenda, just months after the U.S. Supreme Court vacated earlier levies he'd imposed. A divided three-judge panel at the U.S. Court…...

CNBC
cnbc.com > 05/08/2026 > anthropic-mythos-ai-cybersecurity-banks.html

Anthropic's Mythos set off a cybersecurity 'hysteria.' Experts say the threat was already here

4+ mon, 5+ day ago   (1184+ words) Global banks, tech giants and governments were sent scrambling last month to contain the risks posed by Mythos, the Anthropic model said to be so powerful that it has found thousands of previously unknown vulnerabilities in the world's software infrastructure....

Journal of Accountancy
journalofaccountancy.com > issues > 2025 > dec > managing-mne-subsidiaries-during-tariff-shocks

Managing MNE subsidiaries during tariff shocks

9+ mon, 1+ week ago   (772+ words) The TNMM requires a detailed FAR analysis of both transacting parties. The entity with the simpler FAR profile — typically, performing routine functions, assuming limited risks, and using minimal intangible assets — is selected as the tested party. Its profit margin serves…...

Accounting Today
accountingtoday.com > news > 4m-trump-accounts-created-so-far

4M Trump accounts created so far

5+ mon, 1+ week ago   (365+ words) Taxpayers have signed up more than 4 million children for tax-favored Trump accounts, according to the Internal Revenue Service, with more than 1 million of them electing for the $1,000 pilot program contribution. The Trump account program was part of the Trump administration's…...

Accounting Today
accountingtoday.com > articles > trump-tax-laws-affordable-housing-boost-hits-snag

Trump tax law's affordable housing boost hits snag

5+ mon, 1+ week ago   (906+ words) The US government's largest affordable housing program was supposed to be supercharged by President Donald Trump's signature tax law. So far, that jolt hasn't arrived. That's because, investors and developers say, their efforts to take advantage of the dramatic expansion…...