IRS Extends Hours for Face-to-Face Taxpayer Assistance
The IRS has announced that nearly all of its Taxpayer Assistance Centers (TACs) will extend their weekly office hours during …
IRS Highlights EITC Awareness Day
On January 26, 2024, the IRS launched its annual EITC Awareness Day, an outreach campaign that is designed to help …
FTC Bars Intuit From Distorting Eligibility for TurboTax Free Edition
TurboTax Owner Intuit was prohibited by the Federal Trade Commission from marketing the “free” version of the tax preparation software …
Sample Client Letter on Beneficial Ownership Interest Reporting Requirements
The new BOI reporting requirements, effective January 1, 2024, apply to domestic and foreign companies created or registered to do …
Governors Ask IRS for Guidance on Taxability of State Paid Family Leave
Nine governors signed a letter to the IRS urging clarification and guidance on the federal tax treatment of state paid family and …
SEC Adopts Tougher Rules for SPACs
Almost two years after the Securities and Exchange Commission (SEC) proposed a sweeping set of reforms for special purpose acquisition …
House Bill Introduced to Strip Exemption for Foreign Insider Stock Transaction Disclosures
A House Republican on January 17, 2024, introduced legislation to expand reporting requirements around insider stock transactions at foreign private …
DOL Issues Guidance on Pension-Linked Emergency Savings Accounts
DOL Frequently Asked Questions: Pension-Linked Emergency Savings Accounts (Jan. 17, 2024) DOL FAQs DOL News Release The DOL has released …
IRS to Simplify, Redesign Notices for Upcoming Tax Seasons
The IRS announced plans to make mailed notices easier for taxpayers to read and understand over the course of the …
Chevron’s Last Dance? Judicial Deference to Regulations is the Next State Tax Battleground
On January 17, 2023, the United States Supreme Court heard oral arguments in two challenges to a federal regulation issued …