Standards are drafted and updated all of the time. Did you know you can have a say in them? Write a comment letter to share your perspective. It's easier than you might think. Here are hints to help you shape the rules and the way we practice.
People who have student loans that are in default might not receive expected tax refunds because the government might apply this money to overdue balances. In fiscal 2017, the Treasury Department collected close to $2.6 billion owed on defaulted student loans.
Filing your tax return can provide a great impetus for updating your financial plan, CPA financial planners say, because it requires you to organize financial information and to have it close at hand. Having too large of a tax refund or having to pay too much tax can be a sign your financial plan needs revising.
The Supreme Court has heard oral arguments in South Dakota v. Wayfair, in which the court is being asked to overturn a requirement that sellers have a physical presence in a state for that state to require them to collect sales tax.
Senate Republicans, with support from President Donald Trump, are preparing to use the Congressional Review Act to repeal 2013 rules from the Consumer Financial Protection Bureau to discourage discrimination by auto lenders. Using the act on years-old rules, rather than recently adopted ones, raises concern decades of regulation might be at stake.
After the Internal Revenue Service's Modernized e-File and Direct Pay systems were not in operation for most of Tuesday, the IRS has extended the filing and payment deadline for 2017 individual tax returns until midnight today.
Small businesses have posted a median loss because of occupational fraud nearly double that of bigger counterparts, according to the 2018 Report to the Nations on Occupational Fraud and Abuse, released by the Association of Certified Fraud Examiners. The report says businesses with fewer than 100 employees are less likely to have anti-fraud controls and are more likely to be victimized by an owner or an executive, contributing to larger losses.
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