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The State of the Tax Whistleblower Law

By Usman Mohammad and Ashley Morales ABA Tax Times June 2023 Internal Revenue Code section 7623(b) provides mandatory awards to whistleblowers who provide information to the IRS that results in the collection of additional tax, interest, penalties or fines from corporations, high net worth individuals,

What CPAs Need To Know About Employee Retention Credit Fraud

By Christopher M. Ferguson and David Taylor The CPA Journal March/April 2023 Most taxpayers have likely received a solicitation recently claiming that they may be entitled to thousands of dollars in employee retention tax credits. The solicitations involve the Employee Retention Credit (ERC), a payroll

ChatGPT – A Piece Of The Puzzle, Not A Panacea

By Garrett L. Brodeur and Liz Grant Bloomberg Tax Management Memorandum May 1, 2023 After a string of failures in the cryptocurrency industry and the emergence of artificial intelligence (‘‘AI’’), many observers would likely agree that crypto is tired and AI is wired. AI is