2024 Snapshot: Potential TCJA-CTC Deal in Play Ahead of Filing Season, Tax Pro Says
Although the tax legislative outlook is unclear leading up to the 2024 elections, PricewaterhouseCoopers Washington National Tax Services Co-Leader Rohit …
FASB Votes Against 5 Technical Agenda Requests: Would do More Harm Than Good
The FASB on December 20, 2023, voted against adding five new projects to its technical rulemaking agenda, including on accounting …
Tax Deadlines Postponed for Victims of Storms, Tornadoes in Tennessee
The IRS has postponed various tax deadlines for victims of storms and tornadoes in Tennessee that began on December 9, …
FASB Decision Not to Consider Eliminating Held-to-Maturity for Debt Securities Disappoints Investor Advocates
Some investor protection advocates expressed disappointment following the Financial Accounting Standards Board’s (FASB) decision last week not to add a …
Prop Regs: Guidance on Tax Credit for Production of Clean Hydrogen
The IRS has issued proposed reliance regs for the tax credit for the production of clean hydrogen. (Preamble to Prop …
Connecticut Governor Announces 2024 Income Tax Changes
Connecticut Governor Ned Lamont has announced that three income tax measures will take effect at the start of 2024, including …
DOL Proposes to Rescind Association Health Plan Regulations
NPRM: Definition of “Employer”—Association Health Plans, 29 CFR Part 2510, 88 Fed. Reg. 87968 (Dec. 20, 2023) Available at https://www.govinfo.gov/content/pkg/FR-2023-12-20/pdf/2023-27510.pdf …
IRS Online Business Account Access Expanded to Partners, Shareholders
The IRS announced additional features to its online self-service tools for Business Tax Accounts, now expanding access to individual partners …
Final Regs Explain De Minimis Error Safe Harbor for Info Returns, Payee Statements
The IRS has issued final regs implementing statutory safe harbor rules that protect persons required to file information returns or …
Indiana Announces County Income Tax Rate Changes Effective January 1, 2024
by Chad E. Voss The Indiana Department of Revenue has updated its list of Indiana counties that have adopted income …