U.S.A.s interesting latest news

SEC Approves New and Updated PCAOB Audit Standards and an Amendment to the PCAOB’s Contributory Liability Rule 08/20/2024 12:55 PM EDT The Securities and Exchange Commission today announced that it has approved two Public Company Accounting Oversight Board (PCAOB) proposals updating audit standards regarding general responsibilities of the auditor and use of technology-assisted analysis… SEC Charges Carl Icahn and Icahn Enterprises L.P. for Failing to Disclose Pledges of Company’s Securities as Collateral for Billions in Personal Loans 08/19/2024 09:00 AM EDT The Securities and Exchange Commission today announced charges against Carl C. Icahn and his publicly traded company, Icahn Enterprises L.P. (IEP), for failing to disclose information relating to Icahn’s pledges of IEP securities as collateral to secure…

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Improvements to the Tax-Exempt Compliance Unit Could Reduce Mistakes and Unproductive Examination Referrals Why did we do this audit? The mission of the IRS's Tax-Exempt and Government Entities Division’s Tax-Exempt Compliance Unit (TECU) is to increase compliance contacts with its taxpayers.  The unit helps a variety of taxpayers (e.g., charities and private foundations) increase their voluntary compliance mainly through compliance checks, which determine if they have filed their tax returns and met their reporting and payment requirements.    What did we find? A few years ago, TECU examiners started conducting additional research of taxpayers' accounts during a compliance check. Because of this, it's taking longer to work and close cases. Examiners spent almost 3x more hours closing each case than they did before the additional research requirement, and the number of taxpayers reached through a compliance check decreased by more than half. For more of our findings: Read the full report

year food assistance programs The 2024-2025 school year is underway. Make sure your child has access to nutritious food that helps them learn and grow. Depending on your income, your child may be eligible for free or reduced-price meals at school. Learn more about some of the food assistance programs available during the school-year. Find out if your child is eligible, and how to apply.

How to get legit information about your federal student loans By Ari Lazarus If you have federal student loans, you probably got an email last month from Secretary of Education Miguel Cardona. (The email address it showed was noreply@studentaid.gov.) It has important information about your options for loan forgiveness. While that email is legit, scammers spread fake information about your student loans to try to get money or information from you. Read more >