Proposed Rules for Reporting Excise Tax Liability on Designated Drugs Issued
The IRS has issued proposed regs that will provide guidance to taxpayers on how to report their liability for the excise tax …
Minimum Wage Rates for Federal Contractors Increase in 2024
The U.S. Department of Labor’s (DOL) Wage and Hour Division (WHD) has released two Notices regarding the 2024 minimum wage rates for …
IRS Forming Backup Plans as Government Shutdown Nears
The IRS is forming contingency plans as the likelihood of a government shutdown approaches, the union representing Treasury and IRS …
City of Portland, Oregon Enacts Downtown Business Incentive Credit
by Margaret Eisler The City of Portland, Oregon has adopted a downtown business incentive credit, to be taken against the …
IRS Announces Tax Relief for Hurricane Lee Victims in Maine and Massachusetts
The Internal Revenue Service (IRS) has announced that taxpayers impacted by Hurricane Lee in Maine and Massachusetts are now eligible …
Investor Panel Recommends SEC to Increase Workforce Disclosure Requirement
The Securities and Exchange Commission’s Investor Advisory Committee (IAC) unanimously voted to recommend the commission write a rule that requires …
Win for Taxpayers in Transition Tax Case Would Cast ‘Cloud of Uncertainty,’ Analysts Say
By Tim Shaw Tax and legal analysts are forecasting a possible chaotic domino effect should the Supreme Court rule in …
Experienced Accountants Sought by IRS for New Large Corp, Partnership Auditor Positions
The IRS has posted over 3,700 new job openings for revenue agents specializing in large corporate and complex partnership compliance …
IRS Requests Feedback on Proposed Changes to Form 6765
The IRS is seeking feedback from stakeholders on proposed changes to Form 6765, Credit for Increasing Research Activities, also known as the …
US Treasury Bureau Releases Beneficial Ownership Reporting Guide, Industry Displeased
By Brett Wolf U.S. Treasury Department’s anti-money laundering bureau has released a much-anticipated guide aimed at helping small businesses comply …