Payroll on Point: Change in Marital Status and Form W-4
By Debbie Tam Question: One of our employees just got divorced. Does she have to file a new federal Form W-4, Employee’s …
House Committee Advances Bills to Increase Transparency of Exempt Org Spending, Funding
The House Ways and Means Committee reported three bills aimed at increasing the transparency around tax-exempt organization spending and receipt …
IRS Announces 2025 HSA and EBHRA Contribution Limits, HDHP Minimum Deductibles, and HDHP Out-of-Pocket Maximums
Rev. Proc. 2024-25 (May 9, 2024) Available at https://www.irs.gov/pub/irs-drop/rp-24-25.pdf The IRS has released the 2025 cost-of-living adjusted limits for health …
Treasury Official Sheds Light on Sec. 761(a), Clean Energy Credit Elective Payment Election Regs
Attorney Advisor Sarah Haradon of the Treasury Department Office of Tax Policy shared the rationale behind the issuance of proposed …
Florida Governor Signs Omnibus Tax Bill
By Carlton Huntley On May 7, 2024, Florida Governor Ron DeSantis signed an omnibus tax bill that: adopts the current …
Republicans Call for Harsher Data Leak Penalties; IRS Tightens Security
publican lawmakers, led by House Ways and Means Committee Chair Jason Smith (MO), have introduced legislation that would increase penalties …
IRS Increases Security Measures for Practitioners Obtaining Client Transcripts
In an attempt to stem the tide of identity theft and refund fraud, the IRS has announced increased security measures …
Werfel Updates Congressional Committee on IRS’s Ongoing ERC Fraud Actions
By Debbie Tam On May 7, 2024, IRS Commissioner Daniel Werfel, during a hearing before the House Committee on Appropriations, discussed …
Senate Tax Advisor: New Energy Credits Likely Safe From ‘Full Repeal’ in 2025
Various energy tax credit programs amended or created by the Inflation Reduction Act (PL 117-169) likely will not be outright …
Fourth Circuit: Exclusion of Gender Affirming Care Violates ACA Section 1557
Kadel v. Folwell, 2024 WL 1846802 (4th Cir. 2024) In a combined decision, the Fourth Circuit has affirmed trial court …