Meal-Delivery Platforms: Multistate Sales Tax Practice Tips and Advisory Considerations
Determining the sales, use, excise, and other tax (collectively, transaction tax) obligations associated with the sale of a meal has …
Comments Offer Roadmap of When to Apply Excise Tax on Corporate Stock Buybacks
Responding to an IRS notice providing interim guidance and asking for stakeholder input on a recently effective provision of the …
Commenters Call for Swift Clarification on Corporate AMT for Safe Harbor, Other Matters
Comments submitted to newly appointed IRS Commissioner Daniel Werfel on behalf of the American Bar Association’s (ABA) Section of Taxation …
CBO Scores Unemployment Fraud Bill With Caveat of ‘Significant Uncertainty’
A legislative proposal from House Republicans to give states incentives for recouping fraudulent unemployment insurance payments would reduce the federal …
FASB Proposes Accounting Rules for Measuring, Presenting and Disclosing Crypto Assets
The FASB on March 23, 2023, issued a proposal to provide accounting and disclosure rules for certain types of crypto …
Director at IRS Says “Think Twice” Before Claiming Expired COVID-19 Employee Retention Credit
Christopher Wood During a payroll conference in Washington D.C. on March 20, a director at the IRS warned taxpayers to …
Baker Tilly’s Kasey Pittman Talks ‘Crypto Winter’ Tax Strategy
Although the digital asset market has cooled as cryptocurrency prices have fallen, some investors have options to make the most …
TEI Conference: Treasury, IRS Have Loaded Guidance To-Do List
An underlying theme in comments from several government speakers at a recent tax conference is that although some preliminary guidance …
Consider Developing a Standard Definition of EBITDA for U.S. GAAP, FASB Advisers Say
Senior accountants said the FASB should consider standardizing the definition of EBITDA, the acronym for Earnings Before Interest, Taxes, Depreciation, …
IRS SB/SE Examination Director Says Service Considering Eliminating Form 944 “As We Speak”
By Christopher Wood During a March 20 presentation by the IRS on employment tax at the American Payroll Association’s (APA) …