EBSA Highlights Its 2023 Enforcement Results
Fact Sheet: EBSA Restores Over $1.4 Billion to Employee Benefit Plans, Participants, and Beneficiaries Fact Sheet News Release The DOL …
Another Deference Blow: In Rebuke, California Court Voids Non-Compliant Tax Regulations
Judicial deference to administrative agency regulations is a contentious topic in the legal sphere. As a recent article by this …
Tax Court Rejects IRS Clawback of Low-Income Housing Credit
The Tax Court rejected the IRS’ attempt to recapture low-income housing credits from a real estate developer and determined that …
Maryland Comptroller’s Office Announces Important Information for 2023 Income Tax Returns
By Saleem A. Shareef The Maryland Comptroller’s Office has announced important information for individual and business taxpayers regarding their 2023 …
House Blocks SALT Marriage Penalty Relief Bill
A bill that would allow married joint filers with incomes up to $500,000 to have their own $10,000 state and …
Don’t Wait Until the Last Minute to Adopt FASB’s Income Tax Disclosure Rules, Some Caution
The FASB’s income tax disclosure rules take effect next year, but companies should not wait until the last minute to …
Tax Professionals Warned About Increase In ‘New Client’ Scams
The IRS has issued a warning to tax professionals to watch out for a “new client” scam that usually “peaks …
IRS: Warning Signs of Incorrect ERC Claims; Resolve Issue Now
The IRS shared warning signs that an Employee Retention Credit (ERC) claim may have issues. Small businesses are urged to …
PayrollOrg Encourages United Nations to Develop AI Guidelines in Payroll to Identify Potential Biases
In a letter to the United Nations (UN) Office of the Secretary-General’s Envoy on Technology, PayrollOrg (PAYO) encouraged the global organization to develop …
IRS Announces Decreases for 2025 ACA Employer Shared Responsibility Penalties
Rev. Proc. 2024-14 (Feb. 12, 2024) Available at https://www.irs.gov/pub/irs-drop/rp-24-14.pdf The IRS has announced 2025 indexing adjustments to the applicable dollar amount used to …