Tax Relief Provided to Victims of Hurricane Helene, Seven States Qualify
The IRS has provided tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of …
Treasury: Expect More Clean Energy Tax Credit Guidance Before End of Biden’s Term
The Treasury Department and IRS are on track to finalize a suite of regs implementing various clean energy tax provisions …
Council of Institutional Investors Again Urges SEC to Close Loophole on Non-GAAP in Executive Pay
The Council of Institutional Investors (CII) once again pressed the Securities and Exchange Commission (SEC) to add a rulemaking project …
What Are Mandatory 401(k) Roth Contributions Under the SECURE 2.0 Act?
QUESTION: We have heard that the SECURE 2.0 Act will require us to treat certain catch-up contributions under our 401(k) …
IRS Officials on the Current State of Online Accounts, ID Verification
Correction, 10/3/2024: This article has been updated to reflect the correct publication number for Special Publication 800-63-3. A previous version …
Corporate Transparency Act Reaches the 11th Circuit
Last week, challengers of the Corporate Transparency Act’s beneficial ownership information reporting requirements argued their position in the first case …
FASB Floats 5 Areas of Key Reforms to Simplify Hedge Accounting Rules
The FASB proposed five areas of targeted changes to hedge accounting rules on September 25, 2024, to better align financial …
Stopgap Government Funding Bill Raises Question on IRS Funding Cuts
While Congress was able to pass a short-term Continuing Resolution (CR) to prevent a government shutdown through December 20, it …
PCAOB to Press Ahead With ‘NOCLAR’ Standard Opposed by Auditors, Businesses
Despite calls by auditors and businesses to issue a revised proposed auditing standard on so-called noncompliance with laws and regulations …
Policy Expert Offers IRS ‘Holistic’ Performance Metrics
The IRS’ objectives outlined in its Strategic Operating Plan (SOP) for spending the 10-year appropriation of agency funding from the …