IRS Mulls Future of Employee Retention Credit as Enforcement Ramps Up
Aggressive marketing pushing tax assistance with the employee retention credit has the IRS poised to crack down on fraudulent promotors …
Detroit, Michigan Withholding Tax to Be Paid Monthly in 2024
by Peter G. Pupke The Michigan Department of Treasury has announced that effective January 1, 2024, employers will be required to …
TIGTA Reviews IRS’ Purchase Card Violations Report
The Treasury Inspector General for Tax Administration (TIGTA) has released its statutorily required semiannual report of IRS employee purchase card …
IRS: Florida Victims of Hurricane Idalia Get Tax Relief
The IRS has provided tax relief to victims of Hurricane Idalia in Florida. These taxpayers now have until February 15, …
IRS Glitch Leads to Erroneous Form 8955-SSA Late Filing Notices
A national network of retirement plan professionals raised an issue to the IRS after members began to receive late filing …
Federal Court Rules Overtime Exemption Met Despite Over 80% Nonexempt Work Performed
Debbie Tam The U.S. Court of Appeals for the Sixth Circuit recently ruled that a district director of operations qualified for …
Institutional Investors Once Again Urge SEC to Write Rule on Non-GAAP Measures for Executive Pay
The Council of Institutional Investors (CII) reiterated its request asking the Securities and Exchange Commission to write a rule that …
Additional Portions of Surprise Billing IDR Regulations Vacated; IDR Process Suspended Again
Texas Med. Ass’n v. HHS, 2023 WL 5489028 (E.D. Tex. 2023) In an ongoing dispute between an association of health …
Illinois Victims of Severe Storms and Flooding Get Tax Relief
The IRS has provided tax relief to victims of severe storms and flooding that began in Illinois on June 29, …
Considering an IPO? Time to Factor in FASB Public Company Accounting Rules
Some practitioners say they are cautiously optimistic that the initial public offering (IPO) market could pick up later this year, …