Blog Articles & Video March 2022

Hackers breached a video game-linked blockchain network called Ronin and stole about $600 million worth of cryptocurrency, one of the largest such heists to date. The Ronin network is connected to the online video game Axie Infinity, where players collect and breed virtual pets called Axies, usually to battle them

When preparers or younger accountants complete their assignment, but before they submit it for review, I suggest they review it for reasonableness. I offered a “One Minute Test For Preparers” in a previous column, but now I want to quantify it so the staff will have some guidance about when

The Internal Revenue Service updated its frequently asked questions page Friday on how tax professionals should deal with the third round of Economic Impact Payments for their clients. The revised fact sheet includes a number of areas where the IRS amended the FAQs, including general information, eligibility and calculation of

Over three-quarters of the audits conducted by the Internal Revenue Service under its centralized partnership audit regime resulted in no change in taxes, according to a new report. The report, released Wednesday by the Treasury Inspector General for Tax Administration, examined the impact of a provision of the Bipartisan Budget