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IRS Holds Hearing on Plan to Tighten Restrictions on Donor-Advised Funds
Taxation
The IRS is considering toughening restrictions on donor-advised funds (DAFs), and it recently held a public hearing to…
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Federal Judge Blocks Rule Capping Credit Card Late Fees
Trusted Professional
A federal judge has temporarily blocked a Consumer Financial Protection Bureau (CFPB) rule to cap credit card late fees, The…
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Report: Large Share of New College Grads Want to Be in the Office
NextGen
Full-time salaried employees between the ages of 20 and 24 are 27 percent less likely to be fully remote than workers in…
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Regulatory Roundup: May 7-13
Regulatory Roundup
AICPA AICPA & CIMA to sponsor EAA 2024 Annual Congress in Bucharest, Romania May 13, 2024 CBO Presentation The Outlook…
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House Adopts Resolution to Invalidate SEC Bulletin on Listing Crypto as Liability
Accounting
On May 8, the U.S. House of Representatives approved a joint resolution to invalidate a Securities and Exchange Commission…
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Survey: 40% of Tax Pros Believe AI Will Allow Them to Charge Higher Rates
Trusted Professional
Forty percent of tax professionals believe that generative artificial intelligence (AI) will allow them to charge their…
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CBO Head: Extending Some Tax Cuts and Jobs Act Provisions Would Cost $4.6 Trillion
Trusted Professional
The cost of extending the tax cuts for households, small businesses and the estates of wealthy individuals that were enacted…
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Forensic Accountants Can Provide Aid to Elderly Victims of Financial Abuse
Trusted Professional
Forensic accountants can help protect elderly people who may be subjected to financial abuse, Accounting Today reported.…
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Customers of Bankrupt FTX to Get All Their Money Back
Trusted Professional
Customers of bankrupt cryptocurrency exchange FTX will get all their money back, plus interest, The New York Times, The Wall…
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