Senate Budget Committee Hears From Experts on Preserving Social Security
Government and policy group officials testified before the Senate Budget Committee to address the looming threat of potential Social Security …
Proposed Regulations Would Limit STLDI, Curtail Fixed Indemnity as Excepted Benefits, Make Tax Treatment Clarifications
Proposed Regulations Fact Sheet The DOL, HHS, and IRS have jointly proposed regulations that would limit the permissible duration of …
IRS Finalizes 2020 Proposed Consolidated NOL Carryback Regs
The IRS has finalized proposed regs it issued in 2020 that provided rules for consolidated net operating loss carrybacks. The final …
IRS Releases Updated Publication on Establishing Reasonable Cause for Missing and Incorrect Taxpayer Identification Numbers
The IRS has updated IRS Publication 1586 (Reasonable Cause Regulations and Requirements for Missing and Incorrect Name/TINs). The publication was last updated in July …
Wisconsin Governor Signs 2023-25 Biennial Budget Bill
by Samantha A. Fong On July 5, 2023, Governor Tony Evers signed legislation enacting the state operating budget for the …
IRS Details Roadmap for Qualifying Advanced Energy Project Credits
The IRS reminded taxpayers of important upcoming dates and eligibility requirements for the Qualifying Advanced Energy Project Credit Allocation Program …
Crypto Exchange On the Hook to Comply With IRS Summons, Court Orders
A crypto exchange platform must supply the IRS with summonsed identifying and transaction information about certain customers in connection with …
SEC Panel Recommends Third-Party Exam of Investment Advisers, Could Mean Big Boon for Accounting Firms
With a huge growth in the number of investment advisers over the last several years, the SEC’s inspection program has …
Reminder: Time Is Running Out for Taxpayers to Claim 2019 Refunds
Time is running out for taxpayers to claim a 2019 refund, according to an IRS News Release. Taxpayers owed a …
California Enacts Restructured Managed Care Organization Provider Tax
by Saleem A. Shareef On June 29, 2023, California Governor Gavin Newsom signed legislation that restructures the Managed Care Organization …