SEC Acting Chair Asks Staff to Recommend Rule Changes to Help Smaller Companies Raise Capital
Securities and Exchange Commission (SEC) Acting Chair Mark Uyeda on February 25, 2025, told members of the Small Business Capital …
ABA Expert Advice on New Client Intake
Whether a tax professional is working at a Low-Income Taxpayer Clinic (LITC) or in a private firm, there are best …
New Jersey Looks to Codify Corporation Business Tax Nexus Standards
By David Engel The New Jersey Division of Taxation has proposed codifying its corporation business tax nexus standards in regulation …
Can Splitting Out Exempt Orgs Save the IRS?
As the IRS faces large staffing and budget cuts, a former Exempt Organizations Division director proposes systemic changes — including …
Senate, House Moving Forward with Separate Tax Reform Approaches
The House is forging ahead with its budget resolution — setting up expedited consideration of a broad bill that includes tax reform …
Academics: AI, Tech Can Help Close Tax Admin ‘Digital Divide’
The IRS and tax practitioners have ways to leverage artificial intelligence and other digital solutions when assisting certain low-income taxpayers …
Cryptocurrency – Global Regulatory Updates
Background A bit of history about cryptocurrency. Bitcoin was the first cryptocurrency created and was launched in January 2009 by …
Chavez-DeRemer Distances from PRO Act, Calls for Labor Law Modernization During Labor Secretary Senate Hearing
In her opening statement to the Senate Committee on Health, Education, Labor, and Pensions (HELP) on February 19, Secretary of Labor nominee Lori …
IRS Staff Cuts Could Have ‘Catastrophic Impact’ on Filing Season
Senate Democrats told leadership at Treasury and IRS that it is “nearly inevitable” that the recent IRS hiring freeze and …
Can Employees Change Health FSA Elections Midyear If They Are Prevented From Receiving Medical Care That They Anticipated When Elections Were Made?
QUESTION: I administer our company’s health FSA, and employees often ask me if they can reduce their contributions because something …