Werfel Resigns as Trump Takes Office
IRS Commissioner Danny Werfel announced on Friday that he would leave the agency before the end of his term, ahead …
Treasury Official on Int’l Tax ‘Simplification’ Efforts
While there is no doubt much work remains in unraveling the complexities of international taxation in an increasingly digital global …
In Victory for Industry, SEC Punts on PCAOB’s Auditor Transparency Rules
In a victory for public company auditors, the current leadership of the Securities and Exchange Commission (SEC) decided not to …
SEC Chief Accountant Paul Munter to Retire
The Securities and Exchange Commission (SEC) on January 14, 2025, said that Chief Accountant Paul Munter will retire on January …
California Provides Tax Relief for Los Angeles County Due to January 2025 Palisades Fire
By Saleem A. Shareef California Governor Gavin Newsom has announced that the California Franchise Tax Board (FTB) and the California …
Proposed Regs on Micro-Captive Listed Transactions, Transactions of Interest Finalized
The IRS has finalized proposed regulations (REG-109309-22) that identify transactions that are “the same as, or substantially similar to,” certain …
Tax Season Begins Jan 27; ‘Enhanced’ Direct File Goes Live Same Day
The IRS announced that the 2025 tax filing season is scheduled to begin Monday, January 27, and that its Direct …
Agencies Withdraw Proposed Regulations That Would Have Created “Individual Contraceptive Arrangement” and Rescinded Contraceptive Coverage Mandate’s Moral Exemption
The IRS, DOL, and HHS have withdrawn proposed regulations that would have provided an additional method for individuals to obtain …
‘One Powerful Bill’ To Address Expiring Tax Provisions and More
Republicans are eager to start delivering on President-elect Donald Trump’s campaign promises via reconciliation — a fast-track option available when …
Final Regs Expand Sec. 45V Credit to More Hydrogen Production Sources
After reviewing over 30,000 comments and a year of fine-tuning, the IRS issued final regs implementing the Code Sec. 45V Clean Hydrogen …