Virginia Releases Elective Pass-Through Entity Tax Guidance
By Rebecca A. Helmes The Virginia Department of Taxation released guidelines explaining how to make the pass-through entity tax (PTET) …
Reminder: ERC Voluntary Disclosure Program Ends March 22
Businesses that mistakenly submitted a claim for an Employee Retention Credit (ERC) have until March 22 to take advantage of …
Expiring Income, Estate Tax Provisions Will Increase Taxes on Farmers, Study Finds
Sunsetting provisions of recent major tax legislation benefiting individuals and businesses are expected to raise tax bills on farm households …
High-Earning Non-filers Focus of Latest IRS Enforcement Campaign
In the latest announcement from the IRS on compliance enforcement activities funded by the Inflation Reduction Act (PL 117-169), Commissioner …
Resolution Nixing SEC Crypto Accounting Guidance Clears House Committee
The House Financial Services Committee on February 29, 2024, advanced a bipartisan measure to eliminate a 2022 SEC staff accounting …
Marcum Partner Sues SEC to Block ‘Unconstitutional’ Administrative Enforcement Action
Marcum LLP partner Edward Hackert on February 27, 2024, asked a US district court to block the SEC’s administrative action …
Leap Year May Cause Extra Paydays
A leap year is a calendar year that contains an additional day compared to a common year. The 366th day …
District Court Finds COVID Proxy Voting Rule Unconstitutional
A Texas federal district court has found that the COVID-era proxy voting rule is an unconstitutional violation of the Constitution’s …
When Are Disability Benefit Programs Exempt From ERISA?
QUESTION: I am reviewing our company’s employee benefit programs and confirming that they are treated appropriately for ERISA compliance purposes. …
New FASB Segment Accounting Rules Carry Big Implications for Using Non-GAAP Measures
Accountants are thinking about the FASB’s new segment reporting rules that take effect this year, mindful of the implications the …