| A new initiative called Operation Hidden Treasure is only the latest in the service’s approach. | AICPA names 2021 Accounting Doctoral Scholars → | | By Sean McCabe 2 min read | | The American Institute of CPAs recognized four current professionals interested in becoming accounting professors by providing $20K stipends to support their Ph.D educations. | |
| In the blogs: Reverse and forward → | | By Jeff Stimpson 3 min read | | Cash for enforcement; lessons in fraud; when a deduction isn’t a subsidy; and other highlights from our favorite tax bloggers. | |
| A closer look at the IRS Independent Office of Appeals → | | By Andy Keyso 7 min read | | Even though IRS employees making compliance determinations are bound to apply the tax law fairly to all taxpayers, it’s not unusual for a taxpayer and the IRS to disagree about the proper application of the law. | |
| SPAC boom faces new SEC threat with accounting crackdown → | | By Ben Bain, Heather Perlberg, Gillian Tan and Crystal Tse 3 min read | | U.S. regulators are throwing another wrench into Wall Street’s SPAC machine by cracking down on how accounting rules apply to a key element of blank-check companies. | |
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