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Increasing Number of States to Require Stand-Alone Financial Literacy Classes in High School
The Trusted Professional
Georgia recently joined seven other states in passing legislation that requires a stand-alone financial literacy course as…
Read More
While Rate of Inflation Moderated in April, Prices Still Climbed Quickly
The Trusted Professional
A Consumer Price Index report released Wednesday by the U.S. Bureau of Labor Statistics indicates that annual inflation in…
Read More
Congress Confronts Approaching Expiration of Several TCJA Provisions
Taxation
As provisions of the Tax Cuts and Jobs Act (TCJA) of 2017 approach their expiration dates, Congress has to make decisions…
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Study: IRS Has Ability to Accurately Autofill Over 40 Percent of Individual Tax Returns
Taxation
A study by the National Bureau of Economic Research has found that the IRS has the capability to accurately…
Read More
Regulatory Roundup - May 3-9
The Trusted Professional
CBO Report Analyzing How the Effects of Federal Policies May Differ by Race and Ethnicity May 6, 2022 CBO describes the…
Read More
IRS to Transfer Services for Tax Professionals to ID.me, Despite Concerns About Company
Taxation
The IRS plans to transfer its online services for tax professionals to ID.me, a third-party authentication service provider,…
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NYS Bill Would Impose Two-Year Ban on Certain Cryptocurrency Mining Operations
The Trusted Professional
A bill pending in the New York State Legislature would impose a two-year moratorium on certain cryptocurrency mining…
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Federal Reserve Raises Interest Rates Half a Point in Effort to Cool Inflation
The Trusted Professional
The Federal Reserve Bank announced on Wednesday that it has increased interest rates by a half a percentage point—the…
Read More
SEC Expands Crypto Assets Unit to Protect Investors Who Increasingly Use Crypto Markets
The Trusted Professional
The Securities and Exchange Commission (SEC) has announced that it is increasing the size of its newly renamed Crypto…
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