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Behind the Moves to Stabilize the Financial System After Silicon Valley Bank’s Failure
Trusted Professional
News of the impending failure of Silicon Valley Bank (SVB) did not worry Biden Administration officials at first, but they…
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IRS Waives Foreign Income Reporting Requirements for Refugees from Ukraine and Five Other Countries
Taxation
The IRS has revised its guidance on foreign income reporting requirements for people fleeing conflict and other “adverse…
Read More
Cryptocurrencies Rebound After U.S. Actions on Failed Banks
Trusted Professional
The U.S. government’s actions in response to the failures of Silicon Valley (SVB) and Signature Banks have reassured…
Read More
Federal Response to Bank Failures Spurs Debate
Trusted Professional
Experts and commentators observing government regulators' actions in response to the collapse of two failed banks are…
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Six Particular Situations Could Prompt an IRS Audit
Taxation
Audits are not personal, the IRS emphasizes. They are random—but there are certain inconsistencies in a tax return that…
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Regulators Step in After News of Silicon Valley, Signature Bank Failures
Trusted Professional
In the aftermath of the biggest bank failure since the 2008 financial crisis, and the subsequent shuttering of another bank,…
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Regulatory Roundup: March 7-13
Regulatory Roundup
AICPA Some Light Breaks Through Business Executives’ Gloom on U.S. Economy, AICPA & CIMA Survey FindsMarch 8, 2023…
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President’s Proposed Budget Targets Breaks That Favor Wealthy and Companies
Taxation
President Joe Biden’s proposed $6.8 trillion budget for fiscal year 2024 contains an end to tax breaks for private equity…
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IASB Moves Up Timeline for Supply Chain Finance Disclosure Rule
Accounting
The International Accounting Standards Board (IASB) has advanced by a year the effective date of amendments to its standard…
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