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TIGTA: IRS was 'Reasonable' in Destroying Some Unprocessed Paper Returns
Taxation
The IRS's decision to destroy around 30 million unprocessed paper information returns to reduce its backlog during the…
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IRS Guidance on R&D Deductions Boosts Yelp’s Third-Quarter Profits
Taxation
Yelp’s earnings grew sixfold in the third quarter of 2023, partially due to the effect of a one-time tax adjustment…
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Moody’s Downgrades U.S. Credit Outlook
Trusted Professional
Credit-rating service Moody’s has changed its outlook for U.S. sovereign debt from stable to negative, warning that…
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Regulatory Roundup: November 7-13
Regulatory Roundup
AICPA AICPA Recognizes 11 Outstanding Contributors to Forensic and Valuation Fields at Annual ConferenceNovember 7, 2023 A…
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IRS Announces Inflation Adjustments for Tax Year 2024
Taxation
The IIRS) has provided the annual inflation adjustments for more than 60 tax provisions for tax year 2024, which will apply…
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Conference Speakers Discuss Risks and Rewards of Technology in Federal Tax Practice
Taxation
Technology- and fraud-related issues were among those considered by two tax experts who spoke at at the Federal Tax and…
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Pandemic-Era Retirements Remain Permanent, It Seems
Trusted Professional
The pandemic-induced Great Retirement has resulted in the United States having roughly 2 million more retirees than…
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Chicago Fed President: Golden Path to Soft Landing Still Possible
Trusted Professional
The economy may still achieve a soft landing—a reduction in inflation without causing a recession—Chicago Federal…
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KPMG Survey: Most Large Corporations Now Preparing for Global Minimum Tax
Taxation
A majority of tax executives at large multinational organizations view the upcoming global minimum corporate tax as an…
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