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IRS Issues Reminder to Report Income from Gigs, Virtual Currency and Foreign Countries
Taxation
The IRS issued a reminder to taxpayers that they have reporting and potential tax obligations from working in the gig…
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In State of the Union, Biden Addresses Inflation, Other Economic Issues
Trusted Professional
In his State of the Union address on Tuesday, President Joe Biden said that his “top priority is getting prices under…
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Colorado to Be First State to Accept Cryptocurrency for Tax and Fee Payments
Taxation
Jared Polis, the governor of Colorado, has announced that the state will begin to accept tax and fee payments in…
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U.S. and Allies Continue to Impose Financial Sanctions Against Russia
Trusted Professional
The central bank of Russia On Monday, the Biden administration announced new sanctions against the central bank of Russia,…
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Regulatory Roundup - Feb. 22-28
Trusted Professional
AICPA AICPA Now Accepting Applicants to George Willie Scholarship Program February 22, 2022 CBO Cost Estimate H.R.…
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Preparers Confront a Particularly Challenging Tax Season
Taxation
Because of a host of expiring tax provisions, preparers and their clients are reporting that this tax season is a source of…
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In Initial Trading, Markets Fall and Oil Prices Rise in Response to Russian Invasion of Ukraine
Trusted Professional
In early trading Thursday, markets fell and the prices of oil, gold and government bonds rose, in response to Russia’s…
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IRS Announces Increased Interest Rates for Second Quarter of 2022
Taxation
The IRS announced that it will increase interest rates for the second quarter of 2022, beginning April 1. The rates will be…
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GOP Senator Calls for All Americans to Pay Federal Income Tax, Even Lowest Earners
Taxation
Sen. Rick Scott (R-Fla.) released a plan that would require all Americans to pay some federal income tax, even if it is a…
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