Senate Procedural Vote Halts Progress for $1 Trillion Infrastructure Bill
Senate lawmakers on July 21 defeated a procedural motion to take up a $1 trillion infrastructure spending measure, but lawmakers …
Thomson Reuters Tax & Accounting
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IRS Launches Tax Pro Account Website, Provides Instructions for Its Use
In a News Release and webpage, IRS has announced its launch of the Tax Pro Account website, which allows taxpayers …
IRS: Use SSN on Tax Return Even if the SSN Does Not Authorize Employment
On a webpage, the IRS says that you should use your Social Security number (SSN) to file your tax return …
Treasury Secretary Yellen: 130 Nations Have Agreed to Global Corporate Minimum Tax
Treasury Secretary Janet Yellen has announced that 130 nations have agreed to proposals by the Organization for Economic Cooperation and …
Election by Taxpayers with 2018-2020 Farming Losses to Disregard Cares Act NOL Rules
In a Revenue Procedure, IRS has set out how taxpayers that have a net operating loss (NOL) for any tax …
IRS Posts FAQs About Online Account for Individuals
On its website, the IRS has posted answers to frequently asked questions (FAQs) about Online Account. Online Account provides individuals …
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House Passes to Set up Joint SEC-CFPB Fraud Group
By Bill Flook The House on September 21, 2020, passed legislation that would set up a joint working group between …
Advance Child Tax Credit Payments to Begin on July 15
In a News Release, IRS has announced that the 2021 advance child tax credit (CTC) payments, that were provided for …
Senate Set to Approve Gary Gensler Nomination for SEC Chairman, but Likely for Brief Term
The Senate on April 12, 2021, will consider approving the nomination of Gary Gensler for SEC chairman. This comes about …