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Senate Bill Would Raise 1099-K Reporting Threshold to $10K for Third-Party Platforms
Taxation
Two U.S. senators have introduced legislation to raise the dollar threshold for required reporting on third-party…
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Regulatory Roundup: May 16-22
Regulatory Roundup
AICPA AICPA Publishes Detailed Plan to Boost Pool of Prospective CPA CandidatesMay 17, 2023 CBO Cost Estimate H.R 3205,…
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CFOs Prepare for Possible Debt Ceiling Default
Trusted Professional
Chief financial officers are preparing for the possibility of the United States defaulting on its debts, The Wall Street…
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TIGTA Assesses IRS’s Active Shooter Preparedness and Training
Taxation
The Treasury Inspector General for Tax Administration (TIGTA) has released a report on the IRS's efforts to institute an…
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Last-Minute Debt Ceiling Deal Could Still Have Negative Aftereffects
Trusted Professional
As Wall Street hopes for a deal on the debt ceiling before the United States is faced with default, financial experts are…
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IRS Raises Limits for Health Savings Accounts
Trusted Professional
The IRS has raised the limits for Health Savings Accounts (HSAs) for calendar year 2024. Next year, the annual limitation…
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Corporate Tax Executives Brace for More Disclosure on Global Liabilities
Taxation
As investors and regulators demand more disclosure about corporate tax liabilities, corporate tax executives fret about the…
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PCAOB Adds New Projects to Agenda
Accounting
The Public Company Accounting Oversight Board (PCAOB) has revised its standard-setting agenda, adding two projects slated…
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IRS Commissioner Promises to Fix Bias in Audits of Black Taxpayers
Taxation
In response to a recent finding that Black taxpayers are audited at higher rates than non-Black taxpayers, IRS Commissioner…
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