PCAOB Faces Competing Requests in Revising Audit Requirements for Non-Compliance with Laws and Regulations
Judging by the unusually high number of comment letters the Public Company Accounting Oversight Board (PCAOB) has received—121 as of …
Draft Form for Qualified Small Business Payroll Tax Credit Released
The IRS has issued an August 7, 2023 draft version of Form 8974, Qualified Small Business Payroll Tax Credit for Increasing …
Treasury Announces Plans to Educate Small Businesses on Anti-money Laundering Rules
By Brett Wolf The U.S. Treasury Department’s anti-money laundering bureau will soon publish a guide and establish a support center …
Surprise Billing IDR Process Temporarily Halted in Latest Win for Providers
Texas Med. Ass’n v. HHS, 2023 WL 4977746 (E.D. Tex. 2023) In the latest installment of an ongoing dispute between …
Bipartisan House Bill Would Streamline New Additions to Taxable Vaccines List
Proposed legislation from two members of the House Ways and Means committee aims to automate the process of subjecting new …
IFRS Interpretations Committee Decisions Came Under Fire from Two Organizations, Trustees Oversight Body Says
The IFRS Foundation’s Due Process Oversight Committee (DPOC) received a letter from two organizations, expressing concerns that the IFRS Interpretations …
New Jersey Discusses Implementation of Convenience of Employer Rule
by David Engel The New Jersey Division of Taxation has issued initial guidance on the adoption of the convenience of …
Retirement Plan Sponsors Request Transition Relief From Section 603 Catch-up Contribution Change
A group of 50 retirement plan sponsors comprised of corporations, government entities, and other organizations sought transition relief from a …
Trustee Nabs Joint Income Tax Refund in Spouse’s Bankruptcy
By David J. Light An Ohio couple must pay their entire federal income tax refund, minus applicable exemptions, to the …
IRS Proposes Regs to Identify Monetized Installment Sale Transactions as Listed Transactions
The IRS has issued proposed regs that would identify monetized installment sale transactions and substantially similar transactions as listed transactions, …