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IRS Updates 1099-K Guidance
Taxation
The IRS has revised and updated its frequently asked questions (FAQs) for Form 1099-K, which reports on payments received…
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Treasury Report Shows High Return on Investment of Inflation Reduction Act
Taxation
The $80 billion allocated to the IRS by the Inflation Reduction Act (IRA), if fully appropriated, would yield a significant…
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Appeals Court Hears Challenge to SEC Private Funds Rule
Trusted Professional
A three-judge panel of the U.S. Court of Appeals for the Fifth Circuit in New Orleans heard a case that challenges the…
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Banks Sue Regulators Over Updated Rule for Community Reinvestment Act
Trusted Professional
Banking industry trade groups have sued federal regulators over an update to the law meant to reverse the effects of…
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Bill to Raise SALT Deduction Cap to $20K Advances in House
Taxation
Legislation that would increase, for the current tax-filing year, the $10,000 cap on the state and local tax (SALT)…
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Regulatory Roundup: January 30-February 5
Regulatory Roundup
AICPA AICPA & CIMA® Receives Brandon Hall Group Award for Excellence in TechnologyJan 31, 2024 CBO Cost EstimateH.R.…
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Gov. Hochul: New York’s Rollout of Legal Cannabis Sales a 'Disaster'
Trusted Professional
Faulting her predecessor and the New York state legislature, New York Gov. Kathy Hochul called the state’s rollout of…
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13 Republican State AGs Seek to Stop IRS’s Free Direct File Pilot Program
Taxation
Thirteen Republican state attorneys general have sent a letter demanding that Treasury Secretary Janet Yellen halt the…
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Conference Speaker Shares Five Lessons for Nonprofit CFOs
Trusted Professional
Luz Liebeskind, the chief financial officer at the UJA-Federation of New York, spoke about her career path and offered five…
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