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Emma Slack-Jorgensen
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FRANK A. GALLO
Disciplinary Matters
FRANK A. GALLO, Jericho, NY: was suspended from membership in the NYSSCPA for two years, effective December 18, 2023,…
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Fed Study: Americans Under 40 Experienced Higher Increase in Wealth After the Pandemic
NextGen
Younger adults’ wealth increased multifold over those of previous generations since 2019, Federal Reserve Bank of New York…
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IRS Updates 1099-K Guidance
Taxation
The IRS has revised and updated its frequently asked questions (FAQs) for Form 1099-K, which reports on payments received…
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Treasury Report Shows High Return on Investment of Inflation Reduction Act
Taxation
The $80 billion allocated to the IRS by the Inflation Reduction Act (IRA), if fully appropriated, would yield a significant…
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Appeals Court Hears Challenge to SEC Private Funds Rule
The Trusted Professional
A three-judge panel of the U.S. Court of Appeals for the Fifth Circuit in New Orleans heard a case that challenges the…
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Survey: Younger Generations More Willing to Use AI to Complete Their Tax Returns
NextGen
Members of Generation Z are most likely to use artificial intelligence (AI) to file their taxes, Fast Company reported.…
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Banks Sue Regulators Over Updated Rule for Community Reinvestment Act
The Trusted Professional
Banking industry trade groups have sued federal regulators over an update to the law meant to reverse the effects of…
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Bill to Raise SALT Deduction Cap to $20K Advances in House
Taxation
Legislation that would increase, for the current tax-filing year, the $10,000 cap on the state and local tax (SALT)…
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Regulatory Roundup: January 30-February 5
Regulatory Roundup
AICPA AICPA & CIMA® Receives Brandon Hall Group Award for Excellence in TechnologyJan 31, 2024 CBO Cost EstimateH.R.…
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