Free Advanced Online Version of U.S. Accounting Rules Now Available to the General Public
U.S. businesses and households now have free online access to accounting rules developed by the FASB and the GASB, including …
Colorado Provides Guidance on ABLE and 529 Accounts
by Tyna Mikulec The Colorado Department of Revenue has provided guidance on personal income tax subtractions and an employer credit …
IRS Extends Lookback Period for Covid-19 Era Refund Claims
The IRS has modified the lookback period for refund claims on returns with due dates that were postponed due to …
California, Alabama, Georgia May 15 Disaster Relief Deadline Extended to October 16
The IRS has extended, to October 16, 2023, tax filing relief for disaster-area taxpayers in California, Alabama, and Georgia to …
H&R Block Seeks Rehearing in Trademark Infringement Battle
Following H&R Block’s defeat in the United States Court of Appeals for the Eighth Circuit, the tax software provider is …
SEC Extends Form 144 EDGAR Filing Hours, But a Commissioner Criticizes Piecemeal Approach to Setting Filing Deadlines
The SEC on Feb. 21, 2023, decided to extend the filing deadline for Form 144, Notice of Proposed Sale of …
Big 4 Firm Disputes Foreign Tax Credit Reattribution Asset Rule
Responding to an IRS request for public input on pending foreign tax credit (FTC) revisions, practitioners from a Big Four …
Supreme Court: Overtime Exemption Doesn’t Apply to Highly Compensated Employee Paid Daily Rate
The U.S. Supreme Court has ruled that a highly compensated employee, one who earns over $200,000 annually, paid at a …
IRS Finalizes Mandatory e-Filing Rules
The IRS has finalized mandatory e-filing rules. These rules reduce the number of returns a taxpayer may file without being …
Testing Howey: With Congress Stalled, the SEC Stakes its Expanding Crypto Enforcement on a Nearly Eight-Decade-Old Test
The SEC under Chair Gary Gensler is ramping up its enforcement campaign against the cryptocurrency industry, making good on his …