Costello College of Business Faculty Media Mentions

The Inflation Reduction Act of 2022 will provide almost $80 billion to the Internal Revenue Service during the next 10 years to support a variety of expanded functions, including technology updates and administrative improvements that should make it easier for tax professionals and individual taxpayers to communicate with the IRS, according to accounting instructor Kevin Matthews in Accounting Today.

The Inflation Reduction Act includes increased IRS funding, which will eventually lead to more audits. But that's not necessarily a bad thing according to JK Aier, senior associate dean of academic affairs and global engagement, to Bloomberg. “Enforcement is always seen as ‘the taxman is coming for you,’ but it doesn’t necessarily need to have a negative connotation.” 

Jerry McGinn quoted on efforts by the Department of Defense to expand engagement with nontraditional defense firms.

The Inflation Reduction Act includes a new minimum tax on the book income of corporations that earn over $1 billion in revenue, along with a tax on stock buybacks. These provisions are likely to change the tax planning used by the largest companies and their accounting firms. Accounting instructor Kevin Matthews spoke to Accounting Today about what these corporations may do. 

The Inflation Reduction Act includes an extra $80 billion in funding for the Internal Revenue Service over the next 10 years. Accounting instructor Kevin Matthews spoke to Accounting Today about why he believes this funding will be used to improve customer service for taxpayers as well as professionals.

Derek Horstmeyer, professor of finance, spoke to Clarín (Argentina) about a slight drop in inflation in the United States.

Brad Greenwood, associate professor of Information Systems and Operations Management looked into how peer-to-peer funding programs like Lending Tree may help people pay for abortion care. This article discusses his paper.

Since 2020, have COVID-19 case counts had any correlation with stock returns in certain regions? Finance professor Derek Horstmeyer and finance student Luis Paz-Perez examined this premise in an article for the CFA Institute. 

Laurie Meamber, associate professor of marketing, talks to WalletHub about airline credit cards.

"The importance of the supply chain for strategic and critical materials is not as well appreciated," writes Stephanie Halcrow, Senior Fellow at the Center for Government Contracting, in an op-ed for RealClear Defense.