IRS Official Speaks on Final Digital Asset Regs
An IRS official shared preliminary information on new digital asset tax reporting rules and related guidance Friday afternoon with an audience of …
An IRS official shared preliminary information on new digital asset tax reporting rules and related guidance Friday afternoon with an audience of …
On June 28, 2024, in a pair of companion opinions, the United States Supreme Court overturned Chevron USA Inc. v Natural …
The IRS’ Whistleblower Office announced record claims numbers and awards in its annual report to Congress — but practitioners say work is …
The Supreme Court on June 27, 2024, issued a closely watched 6-3 ruling in SEC v. Jarkesy, holding that targets of …
A task force of the Center for Audit Quality (CAQ) urged the Public Company Accounting Oversight Board (PCAOB) to consider …
Some groups are calling on Congress to establish a new type of tax-advantaged account — universal savings accounts similar to …
The Supreme Court on June 27, 2024, in a 6-3 ruling in SEC v. Jarkesy, concluded that defendants facing SEC …
The Tax Court has determined that the 90-day deadline for filing a petition for redetermination of employment status is not …
The measure the IRS has used for over two decades to evaluate its telephone service does not accurately “reflect the …
IRS Notice 2024-55 (June 20, 2024) Available at https://www.irs.gov/pub/irs-drop/n-24-55.pdf The IRS has released Notice 2024-55, which provides guidance on new …
The Private Company Council (PCC), a body that advises the Financial Accounting Standards Board, has identified four key areas where …
The IRS apologized to Citadel CEO Ken Griffin for the improper disclosure of the hedge fund manager’s sensitive tax information, …
With several provisions of the Tax Cuts and Jobs Act (TCJA, PL 115-97) set to expire or change in 18 months, …
By Ashleigh M. Paige On June 20, 2024, Kansas Governor Laura Kelly signed omnibus tax legislation which modifies income tax …
Senators Eric Schmitt (R-MO) and Bob Casey (D-PA) recently introduced legislation (S 4539) to extend expiring Tax Cuts and Jobs …
The U.S. Supreme Court yesterday, in a 7-2 decision in Moore v. U.S., upheld the one-time federal transition tax on accumulated earnings …
The Supreme Court held 7-2 on June 20 that the one-time mandatory repatriation tax (MRT) or “transition tax” under the …
While some lawmakers have called for expanding the foreign-derived intangible income (FDII) deduction – which was intended to keep intellectual …