IRS Updates Guidance on Domestic Content Bonus Credit The IRS has issued a notice that provides a new elective safe harbor for the Domestic Content Bonus Credit and …
Proposed Regs on Micro-Captive Listed Transactions, Transactions of Interest Finalized The IRS has finalized proposed regulations (REG-109309-22) that identify transactions that are “the same as, or substantially similar to,” certain …
Hundreds of Nonprofits Push for Passage of Charitable Act A coalition representing hundreds of organizations and companies in the charitable sector is urging Congress to permanently restore a charitable …
IRS Finalizes 2013 Proposed Regs on Partnership Recourse Liabilities, Related-Party Rules The IRS has finalized proposed rules from 2013 that address the allocation of recourse liabilities among partners and the related-party …
IRS Clarifies Tax Treatment of CHIPS Award Recipients The IRS specified in a November 26 announcement that the amounts a CHIPS Incentives Program awardee pays or incurs for …
Resolve Improper Employee Retention Credit Claims Now, IRS Says The IRS is urging businesses to resolve improper Employee Retention Credit (ERC) issues now. The employer deadline for the second …
PCAOB Chair: Inspectors Are Seeing ‘Significant Improvements’ in Audits by Largest Firms Following troubling increase in audit deficiency rates in the past few years, Public Company Accounting Oversight Board (PCAOB) Chair Erica …
HHS Reminds HIPAA Covered Entities of Obligations in Wake of Change Healthcare Cyberattack HHS Office of Civil Rights Letter Re: Cyberattack on Change Healthcare (Mar. 13, 2024) Available at https://www.hhs.gov/sites/default/files/cyberattack-change-healthcare.pdf Following the ransomware …
Majority of Large Companies Say They Have Material AI Risks, Report Says Over 60% of large companies reviewed believe they have material artificial intelligence (AI) risks, according to a new report by …