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 …
Attorney Advisor Sarah Haradon of the Treasury Department Office of Tax Policy shared the rationale behind the issuance of proposed …
By Carlton Huntley On May 7, 2024, Florida Governor Ron DeSantis signed an omnibus tax bill that: adopts the current …
publican lawmakers, led by House Ways and Means Committee Chair Jason Smith (MO), have introduced legislation that would increase penalties …
In an attempt to stem the tide of identity theft and refund fraud, the IRS has announced increased security measures …
By Debbie Tam On May 7, 2024, IRS Commissioner Daniel Werfel, during a hearing before the House Committee on Appropriations, discussed …
Various energy tax credit programs amended or created by the Inflation Reduction Act (PL 117-169) likely will not be outright …
Kadel v. Folwell, 2024 WL 1846802 (4th Cir. 2024) In a combined decision, the Fourth Circuit has affirmed trial court …
Hill staff and tax practitioners considered how allowing Tax Cuts and Jobs Act (TCJA; PL 115-97) provisions to expire would impact …
Questions have started to trickle in to firms about new FASB accounting rules for crypto assets, and the pace is …