New York’s Fiscal Budget Bill Adds a New Tax Credit, Amends the Cannabis Tax, and Makes Other Changes
by Jill C. McNally After a number of Budget Extenders, New York’s 2024-2025 Budget Bill implementing the state’s fiscal plan …
by Jill C. McNally After a number of Budget Extenders, New York’s 2024-2025 Budget Bill implementing the state’s fiscal plan …
The IRS has revised its FAQs that provide guidance to taxpayers seeking to claim tax credits for new or previously …
The IRS on April 19 made available an early release draft of the information return for reporting digital asset transactions …
Members of the Public Company Accounting Oversight Board’s (PCAOB) Investor Advisory Group (MIAG) asked the board to strengthen its proposal …
The IRS’ criminal investigation processes for identifying and examining a certain group of noncompliant employers are currently more effective than …
A bipartisan stablecoin framework rolled out on April 17, 2024, by Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-NY) would …
The Senate Special Committee on Aging published a report with its findings from an investigation into how the elimination of …
IRS FS-2024-13: Frequently asked questions about work-life referral services (Apr. 2024) Available at https://www.irs.gov/newsroom/frequently-asked-questions-about-work-life-referral-services The IRS has released guidance on …
The Senate Finance Committee heard from IRS Commissioner Danny Werfel about how the agency spent $80 billion in funding this …
The FASB on April 10, 2024, voted to issue a second proposal for interim disclosure rules, provisions companies would use …
At a conference, senior Securities and Exchange Commission (SEC) officials said that the staff will closely review several areas, including …
The IRS highlighted a variety of improvements that expanded service for millions of taxpayers during the 2024 filing season. (IR …
By David Engel The New Jersey Tax Court has ruled that facts and circumstances permitted a firm to use market …
While the bipartisan tax bill awaits action in the Senate, two House committees held hearings last week debating the merits …
An unpopular provision of the 2017 tax reform bill that disallows immediate expensing of research and development costs has created …
The nation’s accounting rulemaker plans to propose rules this summer that would keep the boundaries of complex derivatives accounting rules …
The US Public Company Accounting Oversight Board (PCAOB) on April 10, 2024, said it fined KPMG Netherlands a record $25 …
The Federal Communications Commission’s Enforcement Bureau launched a “Spring Cleaning” initiative to crack down on harmful robocalls and phone scams, …