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House Passes Bipartisan Legislation to Enhance Taxpayer Rights
Accounting
The House has passed two bipartisan measures to strengthen taxpayer protections and modernize tax administration: the Fair…
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IRS Requests Comment on New Scholarship Tax Credit Regulations
Accounting
The IRS and Treasury Department are soliciting comments from the public regarding upcoming regulations related to a new…
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Six Small Business Trends Accountants Should Watch in 2025
Accounting
The 2025 Intuit QuickBooks Small Business Index Annual Report delved into how small businesses are navigating credit,…
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IRS Outlines Steps to Resume Normal Operations After Shutdown
Accounting
The IRS said on Nov. 21 that it has resumed normal operations now that the federal government shutdown has ended, according…
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FASB's Review of Leases Identifies High Costs and Varied Outcomes for Lessees
Accounting
FASB has issues a post-implementation review of ASC 842, taking an extended look at how the leases standard has worked since…
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AICPA Pushes Back on Proposed IRS Office Merger
Accounting
According to the Journal of Accountancy, the AICPA is pressing the IRS to reconsider a planned merger between the Office of…
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FASB Expands Its Work on Crypto Asset Transfers
Accounting
The FASB has agreed to take on a new project focused on how companies account for cryptocurrency asset transfers. FASB…
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Corporations Rely on Longstanding Partnership Rules to Reduce Certain Employment Taxes
Accounting
A report in The New York Times has brought new attention to a tax planning strategy involving limited partnerships that many…
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Senate Democrats Press Treasury to Prevent Looming Tax Hit for Borrowers
Accounting
A group of Senate Democrats is urging the Treasury Department and the IRS to take action before a temporary tax break for…
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