Applying proposed rules addressing abusive basis-shifting practices in transactions between related parties of partnerships retroactively would create significant administrative burdens, …
By Krista A. Cohane The Hawaii Department of Taxation has issued a revised Tax Information Release providing guidance on changes …
The IRS released a report card highlighting significant improvements made in the second year of funding from the Inflation Reduction …
Certified Public Accountants (CPAs) seeking to advance to chief financial officer (CFO) roles must develop a broader range of skills …
The IRS should include certain reporting exemptions and penalty abatement carve-outs in final regs covering information reporting of transactions with …
After having threatened the Securities and Exchange Commission (SEC) with a lawsuit if it moves ahead to approve the Public …
Following a landmark Supreme Court ruling that ended the four-decade era of the Chevron doctrine, a non-profit industry trade group reiterated previous …
Last month, former President Donald Trump proposed eliminating taxes on Social Security benefits — since then, a number of policy experts have …
Recent timeline. The Tax Cuts and Jobs Act (P.L. 115-97, TCJA) of 2017 made several temporary changes to the CTC that …
The IRS has released new proposed regulations on making and revoking certain foreign currency gain or loss elections. These new …
The Public Company Accounting Oversight Board (PCAOB) defended its recently finalized quality control standard (QC) in response to criticisms by …
In partially reversing a lower court’s dismissal of multiple constitutional challenges to the amended Code section requiring the disclosure of …
The FASB remains on track with its efforts to enhance financial reporting standards, with a slew of new proposals and …
Clean electricity stakeholders told the IRS at a reg hearing this week that clarifications are needed before final regs are …
Senators Tim Kaine (D-VA) and Katie Britt (R-AL) introduced a pair of bills aimed making child care more accessible and …
The Public Company Accounting Oversight Board (PCAOB) recently finalized quality control (QC) standard, which is strongly opposed by auditors, and …
HHS, Annual Civil Monetary Penalties Inflation Adjustment, 45 CFR Part 102, 89 Fed. Reg. 64815 (Aug. 8, 2024) Available at …
The Financial Accountability and Corporate Transparency (FACT) Coalition has petitioned the Securities and Exchange Commission (SEC) to write a rule …