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Emma Slack-Jorgensen
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Proposed Bill Would End Federal Taxation of Social Security Benefits
Taxation
Rep. Angie Craig (D-Minn.) has introduced a bill to eliminate federal taxes on Social Security income, beginning in 2025,…
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House Bipartisan Tax Bill May Change in the Senate
Taxation
The tax legislation passed by the House of Representatives last month contained extended tax breaks for businesses and an…
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AICPA's Melancon Discusses Pipeline Challenges and Pending Tax Changes
Taxation
In his annual speech to the Accountants Club of America on Feb. 1, AICPA President and CEO Barry C. Melancon presented an…
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Study: 150-Hour Rule Presents Barrier to Minority CPA Candidates
The Trusted Professional
The 150-hour requirement for obtaining a CPA license has led to a 26 percent decline in entry of minority CPAs, a study…
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Tax Bill Ending Employee Retention Credit Could Affect Some Financial Advisers
Taxation
A bipartisan tax bill passed by the U.S. House of Representatives last month would be paid for by ending the Employee…
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Regulatory Roundup: February 6-12
Regulatory Roundup
AICPA AICPA Comments on Filing Relief for Taxpayers Affected by Disasters Feb 07, 2024 CIMA calls for improving productivity…
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CBO: Debt Ceiling Deal Will Reduce Growth of Deficit by $1.4 Trillion Over Next Decade
The Trusted Professional
The agreement on the debt ceiling that was struck in May by President Biden and then-Speaker Kevin McCarthy of the U.S.…
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IRS Warns Tax Pros of Scams Targeting EFINs
Taxation
The IRS and its Security Summit partners have raised an alert about fraudulent mails that impersonate various software…
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Businesses Need to Be Prepared for Filing More 1099s
Taxation
Many tax and accounting firms face a busier reporting season due to new Form 1099 reporting rules, CPA Practice Advisor…
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