Senators Debate How to Get to ‘Fair’ Taxation
At a September 12 hearing previewing next year’s tax reform debate, Senate Finance Committee Chair Ron Wyden (D-OR) suggested that …
Top SEC Accountant Explains Instances When Staff Guidance on Cryptos Would Not Apply
Securities and Exchange Commission (SEC) Chief Accountant Paul Munter at a conference on September 9, 2024, provided the staff’s views …
IRS Issues Long-Awaited Corporate Alternative Minimum Tax Regs
Over two years since the enactment of the Inflation Reduction Act (P.L. 117-169), the Treasury Department and IRS has issued …
Ways and Means Advances Five Tax Measures
On Wednesday, House Ways and Means Committee members marked up five tax-related bills — while debating everything from gun control …
Key 2025 Figures Calculated by Thomson Reuters Checkpoint Based on Inflation Data Now Available
Many tax, expensing, and penalty figures are adjusted annually for cost-of-living increases. These adjustments reflect the average chained Consumer Price …
Final Mental Health Parity Rules Solidify NQTL Comparative Analysis Requirements
Requirements Related to the Mental Health Parity and Addiction Equity Act: Final Rules, 26 CFR Part 54; 29 CFR Part …
Expanded Premium Tax Credit Driving Affordable Care Act Enrollment, Treasury Data Shows
Broadened eligibility for the Premium Tax Credit (PTC) first included in a COVID-19 relief package and extended the following year …
New Jersey Enhances Historic Property Reinvestment and Brownfield Redevelopment Credits
By David Engel On September 4, 2024, New Jersey Governor Phil Murphy signed legislation that liberalizes some requirements and increases …
Corporate Transparency Act Challenge Fails to Meet ‘Very High Bar,’ Says Government, Citing SCOTUS Social Media Decision
Treasury and National Small Business United (NSBU) exchanged briefs on the implications of the U.S. Supreme Court’s July ruling on …
Divided SEC Approves PCAOB’s Quality Control Standard
The Securities and Exchange Commission (SEC) on September 9, 2024, voted 3-2 to approve the Public Company Accounting Oversight Board’s …