FCC Starts ‘Spring Cleaning’ by Quashing Fake Tax Relief Robocalls
The Federal Communications Commission’s Enforcement Bureau launched a “Spring Cleaning” initiative to crack down on harmful robocalls and phone scams, …
IRS Updates Substitute Form 941, Schedules, and 8974 Specifications
The IRS has released updated guidance for specifications for substitute Form 941 (Employer’s Quarterly Federal Tax Return), Schedule B (Form …
Corporate Stock Repurchase Excise Tax Prop Regs Issued
The IRS has issued proposed regs that would provide guidance concerning the 1% excise tax owed on corporate stock repurchases. …
2025 Medicare Part D Benefit Parameters Reflect Changes to Part D Benefit Structure
Announcement of Calendar Year (CY) 2025 Medicare Advantage (MA) Capitation Rates and Part C and Part D Payment Policies (Apr. …
Treasury Holds Roundtable, Issues Fact Sheet on New E-Filing Tool
By Maureen Leddy, Checkpoint The Treasury Department recently held a virtual roundtable discussion with taxpayers who used the IRS’ new Direct File tool to …
Oregon Updates IRC Conformity
By Margaret Eisler On April 4, 2024, Oregon Governor Tina Kotek signed legislation advancing the state’s Internal Revenue Code (IRC) …
Complaint Against H&R Block Alleges False Advertising of Free Tax Prep
Two individual H&R Block customers filed a class action lawsuit against the company, claiming the cost of its online tax …
PCAOB Schedules Meeting to Consider Proposing Set of Audit Quality Metrics
The Public Company Accounting Oversight Board (PCAOB) has scheduled a public meeting for April 9, 2024, to consider issuing a …
FASB Backpedals: Will Tailor International Accounting Rules on Government Grants for US GAAP
The FASB on April 3, 2024, voted 6 to 1 to tailor an international accounting standard on government grants and …
IRS Further Extends Tax Relief for 2023 Hawaii Wildfire Victims
he IRS has extended an earlier postponement, until August 7, 2024, for individuals and businesses with filing and tax-payment deadlines …