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AICPA Asks IRS to Fix Problems with Practitioner Priority Service Phone Line
Taxation
In a letter to the IRS, the AICPA focused on the long wait times for calls to the agency’s Practitioner Priority Service…
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D.C. Appeals Court Rules House Committee Can Get Trump Tax Returns
Taxation
A federal appeals court has ruled that the House Ways and Means Committee is entitled to receive the tax returns of former…
Read More
Online Prices Drop for First Time in Two Years
The Trusted Professional
Online prices dropped by 1 percent in July over the previous July, ending a two-year-long streak of inflation, according to…
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Regulatory Roundup - August 2-8
The Trusted Professional
AICPA AICPA Comments on Tax Provisions in Senate Reconciliation Legislation Aug 04, 2022AICPA Recognizes Innovative…
Read More
Senate Passes Inflation Reduction Act: Here are the Key Tax Provisions
Taxation
The Senate passed the the climate and tax legislation known as the Inflation Reduction Act of 2022 on Sunday. The bill…
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Sinema Now Supports Climate and Tax Bill, But With Removal of Provision Closing Carried Interest Loophole
Taxation
Sen. Kyrsten Sinema (D-Ariz.) announced on Thursday that she will support the climate and tax legislation known as the…
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Mortgage Rates Dip Below 5 Percent for First Time in Four Months
Trusted Professional
The rate for a 30-year fixed mortgage dropped to 4.99 percent, the first time in four months it went below 5…
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Gas Prices Drop for 50 Straight Days
Trusted Professional
The average price of gasoline has been on a downward trajectory for 50 days in a row, CNN reported. The national average…
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IRS Alerts Tax Pros: Be Aware of Signs of Identity Theft
Taxation
The IRS has issued a warning to tax professionals to be on the lookout for several tell-tale signs of identity theft. The…
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