Dozens of Firms, Groups Balk Over Proposed FASB Disclosure Rules on Income Statement Expenses
Some of the nation’s biggest companies and trade organizations told the FASB that its proposed disclosure rules to disaggregate income …
What Is the Gag Clause Prohibition Compliance Attestation?
QUESTION: We have heard there is a reporting requirement for group health plans relating to the prohibition against gag clauses …
GOP Eyes Spending Bills as Vehicles for IRS Funding Clawbacks
Amid annual appropriation and Israel support negotiations now that the House speaker position has been filled, Republicans are seeking to …
Prop Regs Clarify No Surprises Act Dispute Resolution Process
The IRS, in conjunction with other government agencies, has issued proposed regs that clarify the federal independent dispute resolution (IDR) …
Illinois Issues Updated Guidance for Remote Retailers and Marketplace Facilitators
by Krista A. Cohane The Illinois Department of Revenue has issued an informational bulletin to remote retailers and marketplace facilitators …
Lawmakers Question Tax Prep Corps on FTC Privacy Violation Warnings
Following up on civil penalty warnings from the Federal Trade Commission (FTC), as well as their own independent investigation, a …
Gensler to U.S. Chamber on SEC Climate Disclosure Rulemaking: ‘Wait, are you already suing us?’
At an event hosted by the U.S. Chamber of Commerce, it was clear that a potential lawsuit by the business …
IRS Announces Annual PCOR Fee Adjustment
IRS Notice 2023-70 (Oct. 18, 2023) Available at https://www.irs.gov/pub/irs-drop/n-23-70.pdf The IRS has announced the annual increase in Patient-Centered Outcomes Research (PCOR) …
2024 PTIN Renewal Period Underway
The IRS has announced that the PTIN renewal period is now open. All active return preparers need to renew their …
Colorado Provides Guidance on CHIPS Refundable Tax Credit Program and CHIPS Zone Program
by Tyna Mikulec The Colorado Office of Economic Development & International Trade has released guidance on income tax incentives that …