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When IRS Can Collect Taxes From You Owed By Someone Else
(Forbes) - It seems bad enough that you have to pay your own taxes, let alone someone else's. But it can happen. The IRS sometimes comes after one taxpayer to collect the tax liability of someone else. How is this possible, you might wonder?
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MORE HEADLINES
IRS to Rule on Tax-free Stock Distributions
(JofA) - In 2013, the IRS stopped accepting letter ruling requests on various corporate transactions, including the tax consequences of a distribution of stock, or stock and securities...
Major Accounting Firm Deloitte Reports Extensive Cybersecurity Breach
(Engadget) - It's currently unclear who was behind the attack, but for the past six months, Deloitte has been investigating the breach of its email server, which exposed some five million emails. Along with emails and their sometimes sensitive attachments...
The SEC is Hiring More Cybersecurity Help After Breach
(Washington Post) - Jay Clayton, the head of the Securities and Exchange Commission, plans to tell a Senate panel Tuesday that he didn’t become aware of a 2016 security breach of key agency software until last month when the issue emerged as part of a separate investigation.
CFOs Should Help Lead Workforce Transformation
(CFO) - Converging trends are pushing companies to consider new workforce models, and CFOs should not stay on the sidelines while HR figures it out.
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