Corporate Transparency Act Case Wrongly Decided, Say Lawmakers
Five lawmakers have submitted an amicus brief arguing that an Alabama federal district court wrongly found the Corporate Transparency Act (CTA) — …
Tax Pros: Data Readiness, Protection Critical to AI Strategy
Tax practices seeking to begin developing an artificial intelligence (AI) strategy should understand their end goals and limitations from the …
Alabama Amends Deadline for Making Pass-Through Entity Tax Election
By Denis Del Bene Alabama has enacted legislation amending the due date for an Alabama pass-through entity to make an …
Direct File Gets High Marks From Pilot Participants
An independent survey conducted during and immediately after the 2023 tax filing season to gauge public opinion on the IRS-run …
PCAOB Investor Advisory Group Seeks Public Nominations for Best Critical Audit Matters
The Public Company Accounting Oversight Board’s (PCAOB) Investor Advisory Group (IAG) is formally seeking the public’s nominations for the “most …
Plan to Amend Stock Compensation Disclosure Rules for Private Companies Scrapped After 2 Years of Study
The FASB’s main advisers for private companies decided not to amend stock compensation disclosure rules, voting 8 to 3 to …
House Republicans Ask IRS to Look Into Tax-Exempt Orgs
House Ways and Means Committee Republicans have asked the IRS for information on its practices and procedures regarding tax-exempt organizations, …
Nonprofits Should Disclose Risks of Big Donor Withdrawals Over Emerging Events, Panel Signals
Not-for-profit organizations should make sure they are providing good disclosures around the risk of big donors withdrawing contributions over “events …
House Republicans Form Tax Teams to Address 2025 Cliff
Newly formed Republican “tax teams” will study expiring Tax Cuts and Jobs Act (TCJA, PL 115-97) tax cuts, said House Ways and Means …
HHS Provides Update on Progress of Advanced Explanation of Benefits Guidance
Progress Toward Advanced Explanation of Benefits (AEOB) Rulemaking and Implementation (Apr. 23, 2024) Available at https://www.cms.gov/files/document/progress-aeob-rulemaking-implementation.pdf HHS has released an …