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FASB Approves Cryptoassets Standard

September 7, 2023 The FASB recently voted to issue a cryptoassets standard requiring entities to report on fungible crypto holdings using the fair value measurement standard.

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IRS Issues Guidance on State Tax Payments

August 30, 2023 The IRS recently issued Notice 2023-56 providing guidance on the federal tax status of refunds of state or local taxes and certain other payments made by state or local governments to individuals.

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