Werfel Announces Leadership Restructuring Coming in Early 2024 IRS Commissioner Danny Werfel, in News Release 2023-237, announced his plans to restructure the leadership at the agency. The new …
IRS to Issue Proposed Regs Addressing the Pillar Two GloBE Model Rules The IRS has announced that it will issue proposed regs addressing how certain Code provisions, including the foreign tax credit …
Proposed Reliance Clean Vehicle Credit Regs Discuss Foreign Entity of Concern Rules The IRS has issued proposed reliance regs that would provide guidance regarding the excluded entity provisions with respect to the Code …
Tax Court Revisits Test for Timely Supervisory Penalty Approval The Tax Court has determined that written supervisory approval for the accuracy-related penalties at issue was timely. The tax compliance …
IRS Issues Modernized E-File Testing Guidelines for 2024 The IRS issued an October 2023 version of Publication 5078, Assurance Testing System (ATS) Guidelines for Modernized e-File (MeF) Business Submissions, …
Tax Court: No Interest Is Paid on Whistleblower Awards The Tax Court has held that Code Sec. 7623(b) does not provide for the payment of interest on a mandatory award to …
IRS Says Federal Credit Unions May Claim ERC for Certain Periods In a Chief Counsel Advice, the IRS Chief Counsel’s Office addresses whether federal credit unions may claim the employee retention …
AICPA Auditing Standards Board’s Work Plan Includes Potential Convergence Projects with International Standards The AICPA’s Auditing Standards Board (ASB) is working on several standard-setting or research projects, according to its 2023 workplan, which …
Werfel Announces Upcoming Expansions to In-person, Online Services Three months following the conclusion of this year’s tax filing season, the IRS provided an update on how it has …