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You will see below a variety of cyber-criminal pursuits that occurred in a short period  including business e-mail compromises, ransomware activity demanding payoffs and malware attacks  along with others.

When a taxpayer borrows funds, the deductibility of the related interest expense is determined by how the loan proceeds are ultimately used and not how the loan proceeds are collateralized. These are often referred to as the interest tracing rules.

North American merger and acquisition (M&A) deal volumes slowed down in first quarter 2022 after a record-setting 2021. Year-over-year deal volume decreased 11.5% over first quarter 2021. Deal activity, nevertheless, was still in line with that of the last five years.

You often hear a relative or friend describe dealing with the Internal Revenue Service (IRS) as “distressful.” In case you didn’t know, the answer may be to complete Form 911, Request for Taxpayer Advocate Assistance.

As you read through the cyber incidents recently occurring, you will note a real-world example of how much damage ransomware can inflict.