Conservation Easements Valued in Charitable Deduction Disputes
The Tax Court, in 13 consolidated cases involving denied charitable contribution amounts for related conservation easements, determined the appropriate valuation …
Failure to File Deadline Approaching for EEO-1 Report
Employers are reminded of the impending deadline for the EEO-1 report, specifically the Component 1 filing due on July 9, 2024. Failure …
Qualified Disaster Relief Payments to East Palestine Derailment Victims Not Taxable Income
The IRS has issued guidance that certain payments received by victims of the train derailment in East Palestine, Ohio, may …
Do We Have to Furnish the Summary of Benefits and Coverage in Languages Other Than English?
QUESTION: What should our self-insured group health plan do to meet the requirement that a summary of benefits and coverage …
Bill Would Up Employer Child Care Assistance Credit
Bipartisan legislation introduced in the House last week would increase the amount of the tax credit that businesses can claim …
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 …