peekpublishersThe Internal Revenue Service (IRS) needs to improve safety measures at an underground file storage site in Missouri, according to a report by the Treasury Inspector General for Tax Administration. The site has been the subject of complaints by IRS employees and their union, with concerns including falling rocks, broken ladders, and unacceptable air quality. In response to the complaints, the IRS temporarily closed the site. The report recommends reducing unnecessary storage of tax documents, shipping forms to another facility, and installing a catwalk to improve employee safety. The IRS has agreed to implement the report’s recommendations.
Missouri storage site jeopardizes IRS employee safety.
Latest from News
IRS Requires Farm Firm’s Accounting Change Before Approval
TLDR: – Department of Justice says an Arkansas firm cannot change its accounting method without IRS approval – Conmac Investments Inc. started claiming amortization
FASB’s new rules affect derivatives and stock-based payment guidelines.
Article Summary TLDR: Key Points: FASB issued a proposed accounting standards update to address stakeholder feedback on derivative accounting and share-based payment rules. The
Experience seamless business banking and accounting with Lili.
Article Summary TLDR: Key Points: Lili is a fintech company offering all-in-one business banking, accounting, and tax software. The platform provides free business checking
Derivatives Accounting Relief Planned for ESG Bonds and Loans
TLDR: Key Points: Proposal by US accounting standard-setters to provide accounting relief for companies using ESG-linked bonds and loans. The plan aims to exempt
Montague’s trusted accountant retiring after years of dedicated service.
TLDR: Longtime town accountant Carolyn Olsen is retiring after nearly four decades. She has seen significant changes in town accounting with the transition to