Tribune, IRS Spar Over Loper Bright in Anti-Abuse Case
In a dispute between the IRS and a media company over the tax consequences of a disguised sale of a …
FASB Unveils Ambitious Agenda for Second Half of Year
The FASB has outlined a packed agenda for the second half of the year, with plans to issue two new …
Wyden, Crapo Push to Fill Tax Court Vacancies
As the Tax Court nominees approved by the Senate Finance Committee last month await full Senate consideration, the committee considered three more …
SEC Proposal on Human Capital Management Disclosure is Delayed Once Again, With Dim Prospects
The Securities and Exchange Commission (SEC) has once again delayed issuing a proposal intended to standardize and increase data that …
Courts Invoke Loper Bright to Block Expansion of ACA Section 1557 Nondiscrimination Rules to Gender Identity
Tennessee v. Becerra, 2024 WL 3283887 (S.D. Miss. 2024); Texas v. Becerra, 2024 WL 3297147 (E.D. Tex. 2024) A court in …
Biden Administration Rule Would Revive Employer Pay Data Collection
The Equal Employment Opportunity Commission (EEOC) is proposing a rulemaking to amend regulations regarding the collection of pay data or related information …
Treasury: $1B Past-Due Tax Debt Collected From High Earners So Far
The Treasury Department and the IRS announced that it has collected $1 billion from “high-income, high-wealth” individuals through an enforcement …
Unclaimed Property Expert Talks Audit Trends
Correction, 7/11/2024: This article has been updated with a corrected quote in paragraph four regarding bank and insurance company audits. …
Ways and Means Passes Joint Resolution Blocking EV Final Regs
A joint resolution under the Congressional Review Act formally disapproving of final IRS regs implementing Inflation Reduction Act (PL 117-169) tax credit …
South Carolina Passes 2024-2025 Budget
By Maria T. Albanese South Carolina’s 2024-2025 budget bill was ratified by the legislature on June 26, 2024, but on …