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IRS Issues Nearly $15B in Refunds After Correcting for 2020 Unemployment Compensation Tax Overpayments
Taxation
The IRS has made corrections to the tax year 2020 accounts for taxpayers who overpaid their taxes on unemployment…
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Regulatory Roundup: January 4-9
Regulatory Roundup
AICPA AICPA Unveils Blueprints for Redesigned CPA…
Read More
FTC Moves to Ban Noncompete Clauses
The Trusted Professional
The Federal Trade Commission (FTC) has proposed a rule to ban employers from imposing noncompete clauses on employees,…
Read More
GAO Report Considers Ways to Maintain Local News
The Trusted Professional
Noting the decline in local news media, the Government Accountability Office (GAO) released a report that suggested policies…
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Syracuse University Report Finds Disparities in IRS Audits
Taxation
The chances of a millionaire being audited by the IRS last year stood at about one in 100, while lower-income wage earners…
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Coinbase Settles with New York State for $100 Million Over Compliance Violations
The Trusted Professional
Coinbase, the largest U.S.-based cryptocurrency trading exchange, will pay a $50 million penalty to New York state for…
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Blue-State Republican Reps Aim to Repeal SALT Deduction Cap
Taxation
Republicans who flipped or held congressional districts in high-tax states, such as New York, New Jersey and California, are…
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Married Taxpayers Filing Jointly Should be Aware of Glitch With CP-14 Notices
Taxation
Married taxpayers filing jointly who make a balance-due payment online may find the payment not being credited to their…
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ISSB to Finalize Climate and Sustainability Standards in Next Few Months
Accounting
The International Sustainability Standards Board (ISSB) is planning to finalize two proposed standards, one on…
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