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 …
Policy Expert Offers IRS ‘Holistic’ Performance Metrics
The IRS’ objectives outlined in its Strategic Operating Plan (SOP) for spending the 10-year appropriation of agency funding from the …
Tax-exempt Hospitals’ Savings-to-Community Benefits Ratio Disputed
A new report found that tax-exempt hospitals delivered $10 in benefits to their communities for every $1 in federal tax exemption they …
Senate Approves Additional Tax Court Judge
The Senate approved the nomination of Rose E. Jenkins to the U.S. Tax Court in a 69-17 vote Monday evening. …