Conservation Easements Valued in Charitable Deduction Disputes
The Tax Court, in 13 consolidated cases involving denied charitable contribution amounts for related conservation easements, determined the appropriate valuation …
Qualified Disaster Relief Payments to East Palestine Derailment Victims Not Taxable Income
The IRS has issued guidance that certain payments received by victims of the train derailment in East Palestine, Ohio, may …
Bill Would Up Employer Child Care Assistance Credit
Bipartisan legislation introduced in the House last week would increase the amount of the tax credit that businesses can claim …
Senator Casey: Hydrogen Production Credit Revisions Needed
Final regulations on the Code Sec. 45V Clean Hydrogen Production Credit should incorporate feedback from industry stakeholders to make the credit accessible …
IRS: Tax Relief for Taxpayers Impacted by Severe Storms and Flooding in Massachusetts
The IRS announced tax relief for individuals and businesses in parts of Massachusetts affected by severe storms and flooding that …
IRS Provides Guidance on Clean Fuel Production Credit Registration
On Friday, the IRS issued guidance on the Clean Fuel Production Credit to clarify registration requirements for the two fuel …
IRS Direct File Here to Stay, Treasury Announces
The IRS’ direct tax return e-filing program will be a permanent option for taxpayers moving forward, the Treasury Department and …
IRS Issues Proposed Regs on Clean Electricity Credits
The Treasury Department and the IRS issued proposed regs on the Code Sec. 45Y Clean Electricity Production Credit and the Code Sec. 48E Clean …
Bipartisan Approach to Tax Reform Needed, Say Former Hill Staffers
Tax experts on who worked on opposite sides of the aisle when the 2017 Tax Cuts and Jobs Act (TCJA, PL …
Deloitte’s Jonathan Cutler Weighs in on New Digital Asset Reporting Form
Deloitte Washington National Tax Senior Manager Jonathan Cutler, a global information reporting expert, shared with Checkpoint his impressions of the …