The Internal Revenue Service reminds taxpayers to report transactions of at least $600 made through payment networks like Venmo, Paypal, and Cash App as the agency seeks to obtain data regarding part-time employment and side gigs, a move that critics have termed government overreach. In a recent explainer posted online, the IRS said that according […]

The SEC has issued a $20 million fine against Deloitte-China, for failing to comply with U.S. audit requirements. In a Sept. 29 announcement, the Securities and Exchange Commission (SEC) penalized Deloitte Touche Tohmatsu Certified Public Accountants LLP (Deloitte-China) for “failing to comply with fundamental U.S. auditing requirements in its component audits of U.S. issuers and […]

A Delaware judge has ordered Twitter to turn over more data to Elon Musk in two weeks, but stopped short of giving the Telsa chief all the data he wanted, saying his requests were “absurdly broad.” On Aug. 25, Chancellor Kathaleen McCormick of Delaware’s Court of Chancery ordered Twitter to reveal the data from 9,000 […]

The IRS has said it will “absolutely not” be increasing audit scrutiny on small businesses or middle-income Americans amid concerns over Democrats’ Inflation Reduction Act, which provides nearly $80 billion in IRS funding, including $45.6 billion for “enforcement.” IRS Commissioner Charles Rettig made the comments in a letter to members of the Senate on Aug. 4 (pdf) in […]

Georgia’s Secretary of State Brad Raffensperger has referred 1,634 cases of non-citizens attempting to register to vote for investigation and potential prosecution. Attempting to register to vote while knowingly being ineligible is a violation of Georgia law. A citizenship audit conducted by Raffensperger over the past few weeks, which he claims was a first for […]

A new Pentagon audit of last year’s U.S. military-led civilian evacuation of Afghanistan found that dozens of Afghans considered potentially dangerous were brought to the United States. According to the Department of Defense (DoD) Inspector General report (pdf) published Tuesday, DoD’s National Ground Intelligence Center (NGIC) has identified “50 Afghan personnel in the United States […]

The U.S. Securities and Exchange Commission (SEC) on Thursday finalized rules relating to the Holding Foreign Companies Accountable Act (HFCAA) which would allow it to delist foreign firms from American exchanges if they fail to observe U.S. accounting rules and comply with requests for information from regulators. The bipartisan legislation was signed into law by former President Donald Trump on Dec. 18, 2020, […]