Current News

All of us are familiar with non-profit charitable organizations. Many of us know that these organizations qualify as “exempt” under Section 501(c)(3) of the Internal Revenue Code (IRC). This exemption is quite valuable to an organization in two primary ways. ​​​​​​​ Read More.

The signing of a Colorado-specific child tax credit bill into law by Governor Jared Polis appears timed for maximum support of a federal effort to support families that is already underway. Read More.

Morgan Stanley employees will need to be fully vaccinated against COVID-19 before they can return to their offices in New York, according to reports Tuesday. Read More.

Median sales price rose to $374,400 Read More.

The power-plant fuel costs twice what it did at the start of last summer, portending higher utility bills and manufacturing costs Read More.

Investors entered 2021 concerned about the transition to a new U.S. president, the form of new fiscal stimulus, the distribution of vaccines and the reopening of the economy. Now, top risks include supply chain bottlenecks, labor shortages, inflation and slower GDP growth. Read More.

U.S. stock futures pointed to a rebound on Monday following Wall Street’s worst week since October. Read More.

An IRS official denied tax-exempt status to a Texas group that encourages church members to pray for state and national leaders, regardless of their party affiliation, because it benefits “the private interests of the [Republican] Party.” Read More.

🇺🇸 The Grassroots Corner - Week Beginning 6/21/21: “Meet Candidate Rubin Young” Read More.

The G7 announced a framework for a global minimum tax last week. In this episode, Amy Wang Miller, CPA, J.D., senior manager with the AICPA’s Tax Policy & Advocacy team, explains what the framework means, what accounting and finance professionals can expect next, and what the future of a global minimum tax looks like. Read More.

Lawmakers come up with a 'framework' to tackle infrastructure without raising taxes Read More.

Central banks are raising rates to fend off a rise in inflation as policy makers respond to the booming U.S. economy Read More.

About a week ago, Propublica released a document based on a review of leaked IRS tax returns.  They did not allege that any of the wealthy taxpayers involved were violating any part of the Internal Revenue Code.  The “crime” that these wealthy people committed was that they made a lot of money and paid very little, if any, tax. ​​​​​​​ Read More.

Jeffrey Shaw, 34, wants to change the wine selling game. Read More.

'Long-term, structural economic challenges' hinder Americans' ability to earn a solid wage, Yellen said Read More.