The Federal Reserve-caused decline in purchasing power disproportionally harms middle- and lower-income Americans, many of whom were already living paycheck to paycheck before the Federal Reserve’s unprecedented money creation caused especially large increases in price inflation.
Get ready for a game-changer in tip reporting compliance! The Treasury Department and IRS have just announced the proposed launch of the Service Industry Tip Compliance Agreement.
IRS commissioner nominee Daniel Werfel is expected to tell a Senate committee that if he gets the job, he will not increase audits on those making less than $400,000.
Presented below is our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for the week of February 6, 2023 – February 10, 2023.
Biden’s SOTU, Part II. This week, President Biden delivered his second State of the Union (SOTU) address to a joint session of the U.S. Congress. (Over the years, the Buzz has been.