Senator Casey: Hydrogen Production Credit Revisions Needed
Final regulations on the Code Sec. 45V Clean Hydrogen Production Credit should incorporate feedback from industry stakeholders to make the credit accessible …
PCAOB Removes Low-Priority Project From Rulemaking Agenda
One year after the Public Company Accounting Oversight Board (PCAOB) added Follow-on Disciplinary Proceedings to its rulemaking agenda, the project …
IRS: Tax Relief for Taxpayers Impacted by Severe Storms and Flooding in Massachusetts
The IRS announced tax relief for individuals and businesses in parts of Massachusetts affected by severe storms and flooding that …
Maryland Provides Guidance on Home Amenity Rental Sales and Use Tax
By Saleem A. Shareef The Maryland Comptroller’s Office has provided guidance on the home amenity rental sales and use tax …
IRS Provides Guidance on Clean Fuel Production Credit Registration
On Friday, the IRS issued guidance on the Clean Fuel Production Credit to clarify registration requirements for the two fuel …
IRS Direct File Here to Stay, Treasury Announces
The IRS’ direct tax return e-filing program will be a permanent option for taxpayers moving forward, the Treasury Department and …
Existing PCAOB Standards Can be Used For SEC’s Climate Disclosure Rule, Board Chair Says
Leaders of the Public Company Accounting Oversight Board (PCAOB) said that the board’s existing standards and rules can be used …
IRS Issues Proposed Regs on Clean Electricity Credits
The Treasury Department and the IRS issued proposed regs on the Code Sec. 45Y Clean Electricity Production Credit and the Code Sec. 48E Clean …
Qualified Transportation Compensation Reductions That Were Unused Due to COVID-19 Pandemic Cannot Be Refunded
IRS Information Letter 2024-0004 (Mar. 29, 2024) Available at https://www.irs.gov/pub/irs-wd/24-0004.pdf The IRS has released an information letter responding to an …
Bipartisan Approach to Tax Reform Needed, Say Former Hill Staffers
Tax experts on who worked on opposite sides of the aisle when the 2017 Tax Cuts and Jobs Act (TCJA, PL …