The Future of R&D Expensing
With lawmakers setting their tax priorities for 2025, one proposal with bipartisan support is bringing back a provision that allowed …
Final Regs Amend Outbound Intangible Property Transfer Rules
The IRS has released final regs that terminate the application of the outbound intangible property transfer rules, in certain circumstances, …
Final Forms and Instructions for IRS’ 2024 ACA Reporting Available
The IRS has released final forms and instructions for Affordable Care Act (ACA) information reporting for 2024. As a reminder, Forms 1094 -B and …
PCAOB Investor Panel Picks Deloitte, EY for Having 3 Most Useful Critical Audit Matters in 2023
The Public Company Accounting Oversight Board’s (PCAOB) Investor Advisory Group (IAG) has presented three examples of the most decision-useful critical …
Guidance Released for Long-Term, Part-Time Employees in 403(b) Plans
The IRS has issued guidance addressing long-term, part-time employees in 403(b) retirement plans under the SECURE 2.0 Act, which applies …
Tax Relief Provided to Victims of Hurricane Helene, Seven States Qualify
The IRS has provided tax relief for all individuals and businesses affected by Hurricane Helene, including the entire states of …
Treasury: Expect More Clean Energy Tax Credit Guidance Before End of Biden’s Term
The Treasury Department and IRS are on track to finalize a suite of regs implementing various clean energy tax provisions …
IRS Officials on the Current State of Online Accounts, ID Verification
Correction, 10/3/2024: This article has been updated to reflect the correct publication number for Special Publication 800-63-3. A previous version …
Corporate Transparency Act Reaches the 11th Circuit
Last week, challengers of the Corporate Transparency Act’s beneficial ownership information reporting requirements argued their position in the first case …
Stopgap Government Funding Bill Raises Question on IRS Funding Cuts
While Congress was able to pass a short-term Continuing Resolution (CR) to prevent a government shutdown through December 20, it …