Reminder: Time Is Running Out for Taxpayers to Claim 2019 Refunds
Time is running out for taxpayers to claim a 2019 refund, according to an IRS News Release. Taxpayers owed a …
California Enacts Restructured Managed Care Organization Provider Tax
by Saleem A. Shareef On June 29, 2023, California Governor Gavin Newsom signed legislation that restructures the Managed Care Organization …
HHS Investigation of Snooping Security Guards Results in $240,000 Settlement
Resolution Agreement: Yakima Valley Memorial Hospital (May 15, 2023); HHS Press Release (June 15, 2023) HHS has announced a resolution …
Senators Seek Guidance on Fannie Mae, Freddie Mac Tax Status
A bipartisan group of senators are requesting written U.S. Treasury guidance clarifying that the Government Sponsored Enterprises (GSEs), Fannie Mae and Freddie …
International ESG Rulemaker Publishes New Climate and Sustainability Disclosure Rules
As expected, the International Sustainability Standards Board (ISSB) on June 26, 2023, issued two new disclosure standards that aim to …
Additional IBOR Interest Rate Replacement Regs Issued
The IRS has issued final regs that provide guidance on the transition away from the use of interbank offer rates …
Seaview Trading, A Cautionary Tale
By Jonathan D. Grossberg In Seaview Trading, LLC v. Comm., (CA 9 2023) 31 AFTR 2d ¶2023-476, the en banc Ninth Circuit …
ETAAC’s Annual Report to Congress Recommends IRS Prioritize E-Filing Employment Tax Returns and Enhance Duplicate Processing
As the IRS continues to chip away at its notable backlog of unprocessed employment tax returns and amended returns, the …
IRS Modifies Guidance on COVID-19 Expenses for HDHPs, Provides Preventive Care Clarifications
IRS Notice 2023-37 (June 23, 2023) In response to the end of the COVID-19 emergency, the IRS has issued a …
Democrats Sign Off on IRS Direct File as Fix to ‘Broken System
A group of 99 Democratic lawmakers expressed their support of an in-development pilot program at the IRS to allow taxpayers …