By Margaret Eisler The Illinois Department of Revenue has announced the counties and municipalities that are imposing a cannabis retailers’ …
The IRS released its annual financial report for fiscal year 2024, touting strides taken using Inflation Reduction Act (P.L. 117-169) …
The IRS and the Department of the Treasury have scheduled a public hearing this November on the proposed regulations regarding …
Several federal agencies in a joint notice announced extensions to various time frames for participants, beneficiaries, and qualified beneficiaries of …
IRS Notice 2024-80 (Nov. 1, 2024); IRS News Release IR-2024-285 (Nov. 1, 2024) Notice News Release The IRS has announced …
A group of House Democrats introduced a resolution in late October taking aim at a Puerto Rican tax regime they …
Public Company Accounting Oversight Board (PCAOB) Chair Erica Williams disputed arguments that the number of financial restatements is a good …
The Financial Accounting Standards Board (FASB) on November 4, 2024, issued new guidelines aimed at enhancing the transparency and clarity …
After the U.S. Supreme Court’s decision this year on agency deference, legal experts gave their predictions on how the IRS …
By Rita L. Eng On October 29, 2024, Pennsylvania Governor Josh Shapiro signed legislation to provide corporate net income tax …
The IRS has issued final regs designed to modernize the rules governing sales of taxpayer property seized by the IRS …
With the deadline now passed for public stakeholders to submit comments to members of the House Ways and Means Committee …
Securities and Exchange Commission (SEC) Chair Gary Gensler last week said that the Public Company Accounting Oversight Board (PCAOB) has …
Another federal court has sided with the government in a case challenging the Corporate Transparency Act’s reporting requirements, denying preliminary …
Democrat lawmakers have asked the U.S. Department of Justice (DOJ) to investigate major tax preparation companies’ data privacy practices — …
By Jonathan Stempel Lyft (LYFT.O), agreed to pay a $2.1 million civil fine to settle U.S. Federal Trade Commission charges …
QUESTION: We’ve heard that employer-provided health plans are subject to Medicare Secondary Payer (MSP) mandatory reporting requirements. Does our company …
In a significant move to bring accounting practices in line with modern technology, the FASB on October 29, 2024, proposed …