Tax Expert: Timing of Tax Deal Bill May Impact Taxpayer Decision on When to File
The bipartisan tax package awaiting its fate in the Senate contains multiple retroactive provisions that would affect the current filing …
House Republicans Push for Legislation on TCJA ‘Big Three’
A large coalition of House Republicans called for year-end legislation addressing three business tax areas of the Code altered by …
Summer Employment May Come With Tax Credits
This summer, certain employers may benefit from federal tax credits for employing qualified summer youth employees. The Work Opportunity Tax Credit (WOTC) …
The Long Read: Advising Clients on New Corporate Minimum Tax
By Shannon Christensen and Joseph Boris The 15% corporate alternative minimum tax in the recently signed Inflation Reduction Act of …
Key Guidance to Watch for in IRS’ 2022-2023 Plan Year
The IRS has received many recommendations ahead of the release of its regulatory to-do list through summer 2023. The agency …
Security Summit Produces Sample Written Information Security Plan for Tax Professionals
The Security Summit—a partnership between the IRS, state tax agencies and the tax industry—has released a 29-page document titled “Creating …
Lawmakers Seek Review of Political Group’s Church Status
A group of congressional Democrats has called for a review of a conservative advocacy group’s tax-exempt status as a church, …
Big Four Firms, AICPA Report Lobbying on Federal Contractor Conflicts Bill
A bill to implement new conflict-of-interest safeguards for federal contracting drew the attention of lobbyists at the AICPA and three …
Tax Court Orders IRS to Produce Unredacted Record in Whistleblower Suit
The U.S. Tax Court ordered the IRS to file unredacted copies of a taxpayer’s returns in a whistleblower case. The …
Scholars Differ on Possible Impact of High Court’s EPA Ruling
Following the Supreme Court’s ruling that U.S. government agencies can’t impose sweeping policy-driven regulations without explicit congressional approval, law professors …