Werfel: Accuracy, Analytics at Heart of IRS Strategy
By using funding from the Inflation Reduction Act (PL 117-169), the IRS can better leverage data to set a more …
Reminder: March 22 Deadline for ERC-VDP; Review Claims to Avoid Penalties, Interest
The IRS has reminded employers that March 22, 2024, is the deadline for the IRS’ Employee Retention Credit (ERC) Voluntary …
Indiana Omnibus Bill Amends Sales Tax Nexus Economic Threshold, Clarifies Pass-through Entity Tax Provision, Makes Other Changes
By Margaret Eisler On March 13, 2024, Indiana Governor Eric Holcomb signed legislation that amends the economic threshold for sales tax …
Lawmakers are Negotiating Fate of SEC Staff Accounting Bulletin on Custody of Crypto Assets
As Congress works to avoid another potential partial government shutdown to fund the rest of the federal government for fiscal …
Scholars Mull Framework of Potential Renters’ Tax Credit
The American Bar Association hosted a webinar March 12 to consider how a federal tax break for home renters might …
Pillar Two Experts Offer Considerations for Multinationals
The current state of the international tax community’s gradual adoption of the 15% global minimum tax on multinational enterprises (MNEs) …
OPR: Withdrawing Old Client Authorizations Protects Client Data
The IRS’ Office of Professional Responsibility (OPR) has issued an alert recommending that Circular 230 practitioners routinely withdraw client authorizations when the …
Investor Group Asks SEC to ‘Close Loophole’ on Non-GAAP Measures and Executive Compensation
The Council of Institutional Investors (CII) pressed the Securities and Exchange Commission (SEC) to add a rulemaking project to its …
The Shifting Deference Landscape: California and New York Decisions Reject Tax Agency Guidance
In three recent state tax decisions out of California and New York, reviewing tribunals refused to defer to guidance issued …
IRS Reminder: Personal Expenses for General Health and Wellness Are Not Reimbursable Under Health FSAs, HRAs, or HSAs
IRS alert: Beware of companies misrepresenting nutrition, wellness and general health expenses as medical care for FSAs, HSAs, HRAs and …