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Regulatory Roundup - August 2-8
The Trusted Professional
AICPA AICPA Comments on Tax Provisions in Senate Reconciliation Legislation Aug 04, 2022AICPA Recognizes Innovative…
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Senate Passes Inflation Reduction Act: Here are the Key Tax Provisions
Taxation
The Senate passed the the climate and tax legislation known as the Inflation Reduction Act of 2022 on Sunday. The bill…
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Sinema Now Supports Climate and Tax Bill, But With Removal of Provision Closing Carried Interest Loophole
Taxation
Sen. Kyrsten Sinema (D-Ariz.) announced on Thursday that she will support the climate and tax legislation known as the…
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Mortgage Rates Dip Below 5 Percent for First Time in Four Months
Trusted Professional
The rate for a 30-year fixed mortgage dropped to 4.99 percent, the first time in four months it went below 5…
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Gas Prices Drop for 50 Straight Days
Trusted Professional
The average price of gasoline has been on a downward trajectory for 50 days in a row, CNN reported. The national average…
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IRS Alerts Tax Pros: Be Aware of Signs of Identity Theft
Taxation
The IRS has issued a warning to tax professionals to be on the lookout for several tell-tale signs of identity theft. The…
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Regulatory Roundup - July 26-August 1
Trusted Professional
AICPA AICPA Recognizes Six Individuals with 2022 Outstanding Young CPA Award : CPAs from across the nation are honored…
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A Deeper Look at the Major Tax Provisions of the 2022 Inflation Reduction Act
Taxation
Late last week, Sen. Joe Manchin (D-W.Va.) announced that he would support a climate and tax bill known as the Inflation…
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IRS Acknowledges Sending Erroneous Balance Due Notices to Some Married Couples
Taxation
The IRS has issued a statement acknowledging that some payments made for 2021 tax returns were not correctly applied to…
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