Corporate Jet Audits: What the IRS Is Looking For
The IRS’ recent announcement of a crackdown on corporate jet usage garnered national attention as the Biden administration continues down …
Proposed Clean Hydrogen Production Credit Guardrails Elicits Mixed Reaction
A set of criteria put forth by the Treasury Department for determining which tier of the clean hydrogen production tax …
The Pandemic Lockdown Tests New York’s Application of its Convenience of the Employer Rule
By David Engel, and Jill C. McNally In the aftermath of the COVID-19 pandemic, New York’s “convenience of the employer” …
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 …