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Emma Slack-Jorgensen
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SEC Chair Discusses Potential Impact of AI Tools on the Financial System
The Trusted Professional
Securities and Exchange Commission (SEC) Chair Gary Gensler discussed some of his concerns about the impact of…
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IRS Issues Guidance for Home Energy Credit Requirements
Taxation
The IRS has issued guidance on claiming the energy efficient home improvement tax credit. This credit was one of many clean…
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Regulatory Roundup: August 1-7
Regulatory Roundup
AICPA AICPA and NASBA to Launch Learning Program Designed to Ease Path to CPA LicensureAug 06, 2023 AICPA Pushes for ERC…
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TIGTA: IRS Not Tracking Transport of Sensitive Tax Information, Risking Data Breaches
Taxation
The IRS is violating its own guidelines on transporting sensitive tax information between processing centers, potentially…
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IRS Issues Proposed Regulations to Target Monetized Installment Sale Transactions
Taxation
The IRS has issued proposed regulations concerning monetized installment sale transactions. The proposed regulations,…
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SALT Deduction Cap Continues to Roil Congress
Taxation
Congressional Republicans continue to be locked in an intraparty fight over the fate of the state and local tax (SALT)…
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Survey: Below 1% of Small and Midsize Firms Can Find Enough Staff Domestically
The Trusted Professional
Nearly all small- to medium-sized CPA firms cannot find adequate domestic staff, leading them to consider other hiring…
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IRS to Move to Paperless Processing by 2025
Taxation
The IRS will achieve paperless processing for all tax returns by filing season 2025, through a new "Paperless Processing…
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Supreme Court to Hear Case on Constitutionality of Mandatory Repatriation Tax
Taxation
A case currently before the U.S. Supreme Court could be the most important tax case in decades, as it concerns Congress’s…
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