Senate Democrats Release Details of $3.5 Billion Human Infrastructure Plan
In a memo to Democratic Senators, the Senate Budget Committee has released details of a $3.5 trillion FY2022 budget resolution, …
IRS Issues Employee Retention Credit Guidance for Both 2021 and 2020
The IRS has issued guidance on the employee retention credit (ERC), including guidance regarding recent changes made to the ERC …
Senate Issues Text of Infrastructure Bill
Senate lawmakers over the weekend unveiled the text of the 2,700+ page infrastructure bill (H.R. 3684), setting up a long …
Reported Senate Deal on 1.1 Trillion Infrastructure Bill
With a reported deal in hand, the Senate is set to hold a procedural vote on whether to take up …
Senate Procedural Vote Halts Progress for $1 Trillion Infrastructure Bill
Senate lawmakers on July 21 defeated a procedural motion to take up a $1 trillion infrastructure spending measure, but lawmakers …
IRS Launches Tax Pro Account Website, Provides Instructions for Its Use
In a News Release and webpage, IRS has announced its launch of the Tax Pro Account website, which allows taxpayers …
Treasury Secretary Yellen: 130 Nations Have Agreed to Global Corporate Minimum Tax
Treasury Secretary Janet Yellen has announced that 130 nations have agreed to proposals by the Organization for Economic Cooperation and …
IRS Issues Rehabilitation Credit FAQs
The IRS has issued a series of FAQs regarding the rehabilitation credit, i.e., the credit available for rehabilitating historic structures. …
Reminder: Retirement Plan Participant Election Physical Presence Relief Ends June 30
Reminder: the temporary relief from the requirement that participant elections, including spousal consents, be made in the physical presence of …
IRS FACTA System Will be Unavailable June 18-20
IRS has announced that its FATCA systems will be unavailable from approximately 3 p.m. Eastern time on Friday, June 18, …