Energy Policy Expert Talks Tax Credit Successes, Future Expansion
Leslie Chang, director of strategy and policy at Caelux — a builder of perovskite solar cells — was involved in advocating …
Bipartisan Effort Would Add Another Way to Save for Health Care Expenses
Last week, a bipartisan group of lawmakers introduced a bill to create a new type of tax-advantaged savings account to …
Fourth Circuit Okays Dismissal of Credit Suisse Whistleblower’s Suit
The 4th U.S. Circuit Court of Appeals found that a Credit Suisse whistleblower was not entitled to a hearing before …
Treasury Proposes Rules for New Clean Electricity Low-Income Communities Bonus Program
The Treasury Department and IRS have proposed requirements for facilities to participate in the Clean Electricity Low-Income Communities Bonus Credit …
IRS Provides Tax Relief to Victims of Tropical Storm Ernesto in US Virgin Islands
The IRS has provided tax relief for individuals and businesses affected by Tropical Storm Ernesto that began on August 13, …
Tax Orgs Push Back on Retroactivity in Abusive Partnership Transaction Guidance
Applying proposed rules addressing abusive basis-shifting practices in transactions between related parties of partnerships retroactively would create significant administrative burdens, …
Year Two IRS Funding Report Card Highlights Increased Compliance, Disrupting Scams, and Increased E-Filing/Scanning
The IRS released a report card highlighting significant improvements made in the second year of funding from the Inflation Reduction …
Relief Sought in Final Foreign Trust Information Reporting Regs
The IRS should include certain reporting exemptions and penalty abatement carve-outs in final regs covering information reporting of transactions with …
Trade Org Says Proposed Regs on Corp Stock Buyback Excise Tax Fails Loper Bright Standard
Following a landmark Supreme Court ruling that ended the four-decade era of the Chevron doctrine, a non-profit industry trade group reiterated previous …
Unpacking Social Security Benefits Taxes
Last month, former President Donald Trump proposed eliminating taxes on Social Security benefits — since then, a number of policy experts have …