Final Regs Issued Regarding Withholding on Section 3405 Distributions
The IRS has finalized regs under Code Sec. 3405(a) and Code Sec. 3405(b) to amend income tax withholding rules on certain periodic payments and …
Checkpoint Federal Tax Update Staff
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Final Regs Amend Outbound Intangible Property Transfer Rules
The IRS has released final regs that terminate the application of the outbound intangible property transfer rules, in certain circumstances, …
Guidance Released for Long-Term, Part-Time Employees in 403(b) Plans
The IRS has issued guidance addressing long-term, part-time employees in 403(b) retirement plans under the SECURE 2.0 Act, which applies …
Tax Relief Provided to Victims of Hurricane Helene, Seven States Qualify
The IRS has provided tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of …
Treasury Proposes Rules for New Clean Electricity Low-Income Communities Bonus Program
The Treasury Department and IRS have proposed requirements for facilities to participate in the Clean Electricity Low-Income Communities Bonus Credit …
IRS Provides Tax Relief to Victims of Tropical Storm Ernesto in US Virgin Islands
The IRS has provided tax relief for individuals and businesses affected by Tropical Storm Ernesto that began on August 13, …
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No Need to Change SEC Guidance on Materiality; Better Training of Application May Be Needed, Experts Say
Invited experts speaking at a meeting of the SEC’s Investor Advisory Committee (IAC) said the definition of materiality has by …
GASB’s 2024 Priorities Include New Rules on Financial Reporting Model, Capital Assets, Chair Says
The Governmental Accounting Standards Board (GASB) plans to issue two new standards and three public consultation documents as part of …
Investor Advisory Group Asks PCAOB to Strengthen Proposal on Firm Registration Rules
Members of the Public Company Accounting Oversight Board’s (PCAOB) Investor Advisory Group (MIAG) asked the board to strengthen its proposal …