HHS Investigation of Snooping Security Guards Results in $240,000 Settlement
Resolution Agreement: Yakima Valley Memorial Hospital (May 15, 2023); HHS Press Release (June 15, 2023) HHS has announced a resolution …
Senators Seek Guidance on Fannie Mae, Freddie Mac Tax Status
A bipartisan group of senators are requesting written U.S. Treasury guidance clarifying that the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie …
International ESG Rulemaker Publishes New Climate and Sustainability Disclosure Rules
As expected, the International Sustainability Standards Board (ISSB) on June 26, 2023, issued two new disclosure standards that aim to …
Additional IBOR Interest Rate Replacement Regs Issued
The IRS has issued final regs that provide guidance on the transition away from the use of interbank offer rates …
Seaview Trading, A Cautionary Tale
By Jonathan D. Grossberg In Seaview Trading, LLC v. Comm., (CA 9 2023) 31 AFTR 2d ¶2023-476, the en banc Ninth Circuit …
ETAAC’s Annual Report to Congress Recommends IRS Prioritize E-Filing Employment Tax Returns and Enhance Duplicate Processing
As the IRS continues to chip away at its notable backlog of unprocessed employment tax returns and amended returns, the …
IRS Modifies Guidance on COVID-19 Expenses for HDHPs, Provides Preventive Care Clarifications
IRS Notice 2023-37 (June 23, 2023) In response to the end of the COVID-19 emergency, the IRS has issued a …
Democrats Sign Off on IRS Direct File as Fix to ‘Broken System
A group of 99 Democratic lawmakers expressed their support of an in-development pilot program at the IRS to allow taxpayers …
FASB Proposes to Amend Credit Loss Accounting Rules to Simplify Reporting of Purchased Financial Assets
The FASB on June 27, 2023, issued a proposal to obtain public comment on changes to provide a single accounting …
Supreme Court Takes Up Constitutional Challenge to TCJA Transition Tax
The Supreme Court will hear a couple’s case where the taxpayers, who both owned shares in a controlled foreign corporation …