Prop Regs: Some CRATs to be Listed Transactions
The IRS has issued proposed regs that would identify certain charitable remainder annuity trust (CRAT) transactions and substantially similar transactions …
No Need to Change SEC Guidance on Materiality; Better Training of Application May Be Needed, Experts Say
Invited experts speaking at a meeting of the SEC’s Investor Advisory Committee (IAC) said the definition of materiality has by …
New FASB Rule on Profits Interest Awards Could Mean Change for Some Firms
The FASB on March 21, 2024, published a narrow rule on profits interest awards that could mean change for some …
IRS Proposes to Amend Rules for Providing Advance Notice of Third-Party Contacts
The IRS has proposed updating the rules for providing taxpayers with advance notice of third-party contacts to conform to the …
Senators Revive Caterpillar Tax Probe Inquiry
Two Senate Democrats asked the head of the Justice Department to shed light on the Tax Division’s prior handling of …
HHS Reminds HIPAA Covered Entities of Obligations in Wake of Change Healthcare Cyberattack
HHS Office of Civil Rights Letter Re: Cyberattack on Change Healthcare (Mar. 13, 2024) Available at https://www.hhs.gov/sites/default/files/cyberattack-change-healthcare.pdf Following the ransomware …
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 …