Advanced Manufacturing Production Credit Regs Finalized
The IRS issued final regs implementing Code Sec. 45X under the Inflation Reduction Act (P.L. 117-169) to further the Treasury Department’s goal …
Tim Shaw
Tim Shaw covers developments from the IRS and tax organizations for Thomson Reuters, including issues impacting taxpayer service, compliance, and technology.
Tim previously worked at Tax Analysts on Tax Notes Today State.
He can be reached at tim.shaw@thomsonreuters.com.
Posts by this author
Tax Pro Shares Keys to Navigating Fed Rate Changes, Political Uncertainty
Businesses have opportunities to increase cash flows and lower tax liabilities in light of the recent cut to the federal …
TurboTax ‘Breakup’ Ad Draws Ire From Tax Pro Org
A national tax professionals group is unhappy with a new advertising campaign that encourages taxpayers to drop their practitioner in …
Wyden Presses Pfizer to Cooperate With Profit-Shifting Investigation
In the latest development of a three-year investigation into potentially abusive tax strategies used by major players in the pharmaceutical …
Tax Orgs Find Draft Dual Consolidated Loss Regs Problematic
Upon the closure of the public comment period for proposed regs addressing issues related to dual consolidated losses (DCL) and rules on …
Treasury: Expect More Clean Energy Tax Credit Guidance Before End of Biden’s Term
The Treasury Department and IRS are on track to finalize a suite of regs implementing various clean energy tax provisions …
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DOL Clarifies That Its Cybersecurity Guidance Applies to All Employee Benefit Plans
DOL Compliance Assistance Release No. 2024-01 Available at https://www.dol.gov/agencies/ebsa/key-topics/retirement-benefits/cybersecurity/compliance-assistance-release-2024-01 The DOL’s Employee Benefits Security Administration (EBSA) has updated 2021 cybersecurity …
AICPA Auditing Board’s 2024 Workplan Includes Several Standard-Setting Projects
The AICPA Auditing Standards Board (ASB) has four standard-setting projects, one project under active consideration, and one research project, according …
Private Company Council Tackles Accounting Complexity with Four Key Projects
The Private Company Council (PCC), a body that advises the Financial Accounting Standards Board, has identified four key areas where …