Additional Portions of Surprise Billing IDR Regulations Vacated; IDR Process Suspended Again
Texas Med. Ass’n v. HHS, 2023 WL 5489028 (E.D. Tex. 2023) In an ongoing dispute between an association of health …
Illinois Victims of Severe Storms and Flooding Get Tax Relief
The IRS has provided tax relief to victims of severe storms and flooding that began in Illinois on June 29, …
Considering an IPO? Time to Factor in FASB Public Company Accounting Rules
Some practitioners say they are cautiously optimistic that the initial public offering (IPO) market could pick up later this year, …
Hawaii Provides Additional Information on Tax Relief Due to Devastating Wildfires
by Krista A. Cohane As reported in State Tax Update, 08/15/2023, the Hawaii Department of Taxation issued information on available taxpayer …
IRS Provides Transition Relief From Section 603 Catch-up Contribution Change
The IRS announced a two-year administrative transition period for the new Roth catch-up requirement. Section 603 of the SECURE 2.0 …
NATP Fee Study Shows Tax Becoming a ‘Graying Industry,’ Director Says
Commenting on the National Association of Tax Professionals’ biannual study on trends within the tax industry, an executive from the …
American Bar Association Comments on Proposed Elective Credit Payment Regs
Finalized regs implementing the direct pay election for certain credits under the Inflation Reduction Act (PL 117-169) need specific clarifications …
Regulators Put Long Overdue Dodd-Frank Incentive Compensation Rulemaking on Short-Term Agenda
When the SEC in mid-June unveiled its semi-annual update to the rulemaking agenda, an unfinished Dodd-Frank executive compensation rule was …
IRS Says Federal Credit Unions May Claim ERC for Certain Periods
In a Chief Counsel Advice, the IRS Chief Counsel’s Office addresses whether federal credit unions may claim the employee retention …
SEC Adopts Sweeping Rules for Private Fund Advisers
The Securities and Exchange Commission on Aug. 23, 2023, adopted new rules that increase the regulation of private funds. Under …