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Latest Spending Bill Reduces IRS Budget Increase from 14 to 6 Percent
Taxation
The House of Representatives passed an omnibus spending bill on Wednesday that reduces an IRS budget increase from 14 to 6…
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Biden Issues Executive Order Outlining First-Ever Full-Government Approach to Regulating Digital Assets
Trusted Professional
President Biden issued an executive order on Wednesday outlining the first ever, full-government approach to addressing…
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IRS Updates FAQs on Child Tax Credits; Publication 972 Now Obsolete
Taxation
The IRS has revised its FAQs about the 2021 Child Tax Credit and Advance Child Tax Credit payments. These revisions are…
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IRS Seeks to Increase Fees for Enrolled Agents
Taxation
The IRS is proposing to raise the enrollment and renewal fees for enrolled agents, Accounting Today reported. The fee for…
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Elon Musk Asks Court to Void 2018 Settlement with SEC Requiring Preclearance of His Tweets
Trusted Professional
Elon Musk, the CEO of Tesla Inc., has asked a federal court to terminate a settlement agreement he reached with the…
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Several States, Including New York, Calling for Tax Cuts This Year
Taxation
New York Gov. Kathy Hochul At least 13 states, led by both Democrats and Republicans are calling for tax cuts this…
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Regulatory Roundup - March 1-7
Trusted Professional
AICPA Inflation Concerns and Supply Chain Woes Dim Outlook for U.S. Economy, AICPA Survey Finds March 3, 2022 AICPA &…
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IRS Announces First-Ever Taxpayer Experience Office As Part of Its Effort to Improve Service
Trusted Professional
The IRS has announced the creation of its first-ever Taxpayer Experience Office, whose purpose will be to improve taxpayer…
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Practitioners Say Opening a Cannabis Practice Carries Both Opportunity and Risk
Trusted Professional
Editor’s note: This is the final installment of a three-part series about business issues that accounting professionals…
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