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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…
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Regulatory Roundup - May 3-9
Trusted Professional
CBO Report Analyzing How the Effects of Federal Policies May Differ by Race and Ethnicity May 6, 2022 CBO describes the…
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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
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
Trusted Professional
The Federal Reserve Bank announced on Wednesday that it has increased interest rates by a half a percentage point—the…
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SEC Expands Crypto Assets Unit to Protect Investors Who Increasingly Use Crypto Markets
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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Report: By End of August, U.S. Will Fully Recover All Jobs Lost During Pandemic
Trusted Professional
A recent report by Fitch Ratings projects that by the end of August, the U.S. labor market will recapture all jobs lost…
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Regulatory Roundup - April 26-May 2
Trusted Professional
CBO Cost Estimate H.R. 7081, Ukraine Comprehensive Debt Payment Relief Act of 2022 April 29, 2022 As ordered reported by…
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As Rental Rates Rise, Office ‘Condos’ Increase in Popularity, Including Among Accounting Firms
Trusted Professional
In some cities with sharply rising rates for commercial leases, smaller businesses—including accounting firms—are opting…
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