District of Columbia 2025 Budget Support Legislation Becomes Law
By Denis Del Bene The “Fiscal Year 2025 Budget Support Act of 2024,” which was sent to Congress for review, …
Whistleblower Attorneys Announce ‘Historic’ Tax Fraud Recovery
The IRS recovered $263 million in a settlement after three whistleblowers brought a taxpayer’s fraud to the agency’s attention, said …
The Ramifications of Moore v. United States
By Jonathan D. Grossberg Moore v. United States is the first time in many, many years that the Supreme Court has …
IRS Chief Counsel to Combine Large, Small Business Divisions
The IRS announced on September 18 that the Large Business & International (LB&I) and Small Business/Self-Employed (SB/SE) Divisions will be …
IRS Releases 2024 Draft of Small Employers’ Annual Tax Return Instructions
The IRS issued a September 17, 2024, draft version of the Form 944, Employer’s Annual Federal Tax Return instructions used by small employers …
Additional Guidance Issued on Alternative Fuel Vehicle Refueling Property Credit
On September 18, the Treasury Department and IRS issued a notice of proposed rulemaking and other guidance on the Alternative …
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 …
Prager Metis Settles SEC Charges for Faulty FTX Audits, Violations of Auditor Independence Rule
Accounting firm Prager Metis CPAs, LLC and its California professional services firm, Prager Metis CPAs LLP agreed to pay $1.95 …
Premium Tax Credit Increases Access to Care, But at What Cost?
The enhanced premium tax credit is fulfilling its goal of increasing access to health insurance coverage, heard the Senate Finance …
Proposed Regs Amend Definition of ‘Coverage Month’ for Premium Tax Credit
The IRS issued proposed regs on September 16 amending the computation of the Premium Tax Credit (PTC) by adjusting what …