US to Hit Debt Limit Jan. 19, Treasury Secretary Warns
Absent congressional intervention the federal government will reach its limit on the amount of money it is authorized to borrow …
Republicans Add 10 New Members to Tax Writing Committee
Newly elected House Ways and Means Committee Chairman Jason Smith, a Missouri republican unveiled on January 11 the new Republican …
SEC Plans to Finalize Two Dozen Rules in 2023
The SEC’s most recent update to its rulemaking agenda shows that the commission is planning to finalize 24 proposed rules, …
2023 Version of Employer’s Tax Guide to Fringe Benefits Released
The IRS has released the 2023 final version of its Publication 15-B (The Employer’s Tax Guide to Fringe Benefits). The “What’s New” …
National Taxpayer Advocate: Same Problems Plague IRS, But Future Is Hopeful
In her 2022 Annual Report to Congress, National Taxpayer Advocate Erin Collins again raised familiar issues the IRS has faced since …
House Passes Measure Clawing Back Nearly $80 Billion from IRS
The House of Representatives on January 10 approved a measure that would rescind almost all the $80 billion provided by …
Supreme Court Grants Solicitor General More Time on Potential Jarkesy Petition
The U.S. Supreme Court on January 6, 2023, granted U.S. Solicitor General Elizabeth Prelogar a nearly month-long extension to appeal …
Republican Rep. Smith of Missouri to Chair Ways and Means
Representative Jason Smith of Missouri on January 9 beat out fellow Republicans Florida Representative Vern Buchanan and Nebraska Representative Adrian …
Idaho Sets Indexed Personal Income Tax Rate Brackets for Tax Year 2022
by Jennifer J. Troyer The Idaho State Tax Commission (Commission) has issued the inflation-adjusted personal income tax rate bracket schedule …
AICPA Publishes Blueprints for New CPA Exams
The AICPA on Jan. 4, 2023, unveiled updated Uniform CPA Examination® Blueprints. This is the official document of content eligible …