Trump Pledges to Restore TCJA Full Bonus Depreciation At his address before Congress Tuesday evening, President Trump hinted at some priority tax policies for his second term, including …
Attempt to Overturn Digital Asset Broker Regs Clears First Hurdle A joint resolution for disapproval of a Biden-era final rule on digital asset broker gross proceeds reporting requirements advanced out …
ABA Expert Advice on New Client Intake Whether a tax professional is working at a Low-Income Taxpayer Clinic (LITC) or in a private firm, there are best …
Academics: AI, Tech Can Help Close Tax Admin ‘Digital Divide’ The IRS and tax practitioners have ways to leverage artificial intelligence and other digital solutions when assisting certain low-income taxpayers …
DOGE Targets IRS as Federal Judge Mulls Treasury Systems Dispute Heading into Presidents’ Day weekend, Elon Musk and his Department of Government Efficiency (DOGE) turned their attention toward the IRS, …
House Narrowly Passes Midnight Rules Relief Act Late Wednesday afternoon, the House voted 212-208 in passing a bill that would allow Congress to review multiple Congressional Review …
AICPA Keeps SAB 121 in Digital Assets Practice Aid For Now The SEC’s Office of the Chief Accountant (OCA) last month withdrew its much-criticized Staff Accounting Bulletin (SAB) No. 121 on …
PCAOB Schedules Meeting to Consider Proposing Set of Audit Quality Metrics The Public Company Accounting Oversight Board (PCAOB) has scheduled a public meeting for April 9, 2024, to consider issuing a …
FASB Seeks Input on Standardizing Non-GAAP Financial Measures The Financial Accounting Standards Board (FASB) is taking aim at the confusing array of non-GAAP financial measures that companies use …