The Internal Revenue Service has issued final regulations on health reimbursement arrangements, which may be offered to individuals as individual coverage HRAs and integrated into health insurance plans.
The Internal Revenue Service has issued final regulations on the Sec. 951A global low-taxed income inclusion and foreign tax credits, finalizing proposed rules issued in October and December. The IRS has also issued proposed regulations on Subpart F income inclusions.
Use your summer downtime wisely. These free AICPA resources can help you gain a skill, create service offerings and broaden your accounting perspective.
Investors usually applaud when the Federal Reserve lowers interest rates because that increases stock prices, but the rate cut can take a long time to have any impact. Since World War II, there have been five occasions in which the stock market was down six months after the Fed decreased rates.
The pace of US retail sales picked up in May, suggesting that fears of a sharp economic downturn this year might be overblown. The Commerce Department reported that retail sales rose 0.5% last month and upgraded April's figure to a 0.3% gain from a 0.2% decline.
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