Connecticut Taxpayers Impacted by Storms Qualify for Tax Relief
The IRS has announced tax relief for individuals and businesses in parts of Connecticut affected by severe storms, flooding, and …
Maryland Comptroller Provides Middle East Conflict Tax Relief
By Saleem A. Shareef Maryland Comptroller Brooke Lierman announced income tax relief for Maryland individuals and businesses affected by the …
Biden Signs Legislation Averting Government Shutdown
On Friday, President Biden signed stopgap legislation to fund the federal government through early March. The bill passed both the …
SEC Poised to Adopt Tougher Rules for SPACs
Almost two years after the Securities and Exchange Commission (SEC) proposed a sweeping set of reforms to rein in what …
IRS EO Publishes Two New Technical Guides
The IRS’s Exempt Organizations and Government Entities (EO) division has published two new Technical Guides (TG). The two newest TGs …
IRS Offers Office Hours to Answer Prefiling Registration Questions
In an EO Update newsletter, the IRS announced that it will hold office hours to help entities with the prefiling registration process …
Instructions for EIN Application Updated
The IRS updated the instructions for Form SS-4, Application for Employer Identification Number, with a revised date of December 2023. Form SS-4. …
Wyden, Smith Unveil Bipartisan Tax Framework
The top taxwriters in the House and Senate put forth a $78 billion, multi-pronged joint tax proposal highlighted by tax …
IRS Issues Guidance on Anti-Abuse Rules for Pension-Linked Emergency Savings Accounts
IRS Notice 2024-22 (Jan. 12, 2024) IRS Notice News Release The IRS has issued initial guidance regarding anti-abuse rules for …
SEC Plans to Issue 11 Proposals in 2024
The SEC is planning to issue 11 proposals in 2024, according to the so-called Reg Flex Agenda, which lists planned …