The Senate passed the Taxpayer First Act (H.R. 3151) on Thursday, June 13 by a voice vote. The bill includes provisions to improve customer service, protect personal data, preserve tax-preparation services and curb private debt collectors. The measure now goes to the President who is expected to sign.
More answers
President Trump Criticizes Chinese Firms’ Refusal to Follow Audit Rules, Seeks Solutions
By Soyoung Ho President Donald Trump is ratcheting up pressure on Chinese authorities to allow U.S. regulators to inspect China-based …
2021 Inflation Adjusted Amounts for Health Savings Accounts
In a Revenue Procedure, the IRS has released the 2021 inflation adjusted amounts for Health Savings Accounts (HSAs). Background. A …
FASB’s Main Advisors Caution Board Against Developing Major New Accounting Changes This Year
By Denise Lugo Senior executives from the FASB’s main advisory council cautioned the board against issuing major new accounting changes …