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Americans reported a sharp decline in their financial well-being last fall as high inflation eroded earnings and savings, according to a new Federal Reserve survey.

The IRS has announced that interest rates will remain the same for the third quarter, which begins on Saturday, July 1.

The SEC has proposed rule amendments and a new rule that would require clearinghouses to enhance their risk management and recovery planning.

The Federal Accounting Standards Advisory Board (FASAB) is seeking public comments as a part of its Reexamination of Existing Standards project.

The Treasury Department and IRS have issued initial guidance for owners of green energy projects, such as wind, solar and energy storage technologies.

In a signal that IRS operations are returning to normal, the deputy commissioner for collection and operations support said the agency plans to resume some collection notices.

The AICPA released an expanded plan Thursday, May 18, focused on boosting the profession’s talent pipeline.

The IRS confirmed on Tuesday, May 16, that it is taking steps to begin a pilot program for an IRS-run “Direct File” e-filing system.

The maximum contribution to a health savings account (HSA) and certain related benchmarks will again be sharply higher next year.

Several tax organizations have formed a coalition to inform taxpayers and practitioners of the new beneficial ownership information (BOI) reporting requirement.