Key Tax Provision Changes to Remember Entering 2022
Before the new year, taxpayers and tax practitioners should plan for various changes affecting employment tax compliance, the Affordable Healthcare …
IRS Issues Guidance on the Retroactive Termination of the ERC
The IRS has issued guidance for employers on the retroactive termination of the Employee Retention Credit (ERC). The ERC was …
Senate Bill Aims to Reform Donor Advised Funds
Tim Shaw Editor, Federal Tax Update The Accelerating Charitable Efforts (ACE) Act (S. 1981), a Senate bill introduced by Sen. Angus King …
IRS Provides Guidance on Tax Treatment and Information Reporting of HAF Payments
The IRS has provided guidance on the federal tax treatment and information reporting requirements for payments made to, or on …
Pelosi Adds Back Paid Leave and Increased Salt Deduction to Build Back Better Bill
Speaker of the House Nancy Pelosi, D-Calif., on November 3 added paid family and medical leave back into the $1.75 …
IRS Reorganizes Form 1023 FAQs
The IRS has reorganized a series of FAQs regarding Form 1023, Application for Recognition of Exemption Under Section 501(c)(3) of …
White House issues revised Build Back Better Framework
In a White House briefing, President Biden has outlined a framework to help guide the drafting of legislative language for …
Tax Court Issues Health and Safety Protocols for In-Person Proceedings at DC Courthouse
In a Press Release and Administrative Order, the Tax Court has provided health and safety protocols for in-person proceedings at …
IRS Proposes to Raise Fee for Taking Enrolled Agent’s Exam
The IRS has released proposed regs that would increase the current $81 per part fee for taking the enrolled agent’s …
Ways and Means Continues Markup of Budget Reconciliation Legislation September 14 and 15
On September 13, House Ways and Means Committee Chairman Richard E. Neal (D-MA), announced that the Committee will continue to …