Tax Court: Congress ‘Clearly Stated’ Filing Deadline for Innocent Spouse Review Is Jurisdictional
Congress clearly stated that the 90-day filing deadline for seeking review of an IRS determination denying innocent spouse relief is …
Alabama Enacts CHOOSE Act Income Tax Credit Program for Qualifying Educational Expenses
By Denis Del Bene Alabama has enacted legislation establishing the Creating Hope and Opportunity for Our Students’ Education (CHOOSE) Tax …
IRS Invites Recommendations for 2024-2025 Priority Guidance Plan
The IRS has invited the public to submit recommendations for items to be included on the 2024-2025 Priority Guidance Plan. …
Dyed Diesel Penalty Relief Granted Due to Texas Wildfires
The IRS will not impose a penalty when dyed diesel fuel with a sulfur content that does not exceed 15 …
Shift Workers May Be Affected by March 10 Daylight Savings Time Change
Daylight savings time begins at 2:00 a.m. on March 10, when clocks are set ahead by one hour across most …
Client Update: Qualified Joint Venture Election for Married Business Owners
This Client Update discusses the qualified joint venture election for married couples who jointly own an unincorporated business. Generally, an unincorporated business …
‘John Doe’ Tennessee Accountant Challenges PCAOB’s Enforcement Powers
A Tennessee accountant facing a PCAOB disciplinary action on March 5, 2024, asked a federal court to halt the proceedings …
SEC Scales Back Requirements in Final Climate Disclosure Rule
Two years after proposing a landmark climate disclosure rule for public companies, the Securities and Exchange Commission (SEC) on March …
Final Elective Payments of Certain Clean Energy Credits Regs Issued
The IRS has issued final regs for applicable entities that earn certain clean energy credits and choose to make an …
HHS Reports to Congress on 2022 HIPAA Compliance and Breach Notifications
Annual Report to Congress on HIPAA Privacy, Security, and Breach Notification Rule Compliance for Calendar Year 2022; Annual Report to …