Prop Regs: Guidance on Tax Credit for Production of Clean Hydrogen
The IRS has issued proposed reliance regs for the tax credit for the production of clean hydrogen. (Preamble to Prop …
IRS Online Business Account Access Expanded to Partners, Shareholders
The IRS announced additional features to its online self-service tools for Business Tax Accounts, now expanding access to individual partners …
Final Regs Explain De Minimis Error Safe Harbor for Info Returns, Payee Statements
The IRS has issued final regs implementing statutory safe harbor rules that protect persons required to file information returns or …
Notice Provides More Guidance on New Sustainable Aviation Fuel Credit
The IRS has issued more guidance on the new Sustainable Aviation Fuel credit. The SAF credit applies to qualified fuel …
Werfel Announces Leadership Restructuring Coming in Early 2024
IRS Commissioner Danny Werfel, in News Release 2023-237, announced his plans to restructure the leadership at the agency. The new …
TIGTA to ‘Remain Vigilant’ of IRS’ Inflation Reduction Act Spending
In its latest semiannual report to Congress, the Treasury Inspector General for Tax Administration pledged to devote funding received from …
House Republicans Push for Legislation on TCJA ‘Big Three’
A large coalition of House Republicans called for year-end legislation addressing three business tax areas of the Code altered by …
Insurers Provided Discount Factors for 2023 Accident Year
The IRS has issued a revenue procedure containing the discount factors for the 2023 accident year. This discount factor is …
FTC Expands Reporting Regulations for Non-Bank Financial Institutions
By Todd Ehret New regulations from the US Federal Trade Commission (FTC) will change the regulatory landscape for non-banking financial …
Supreme Court Hopes to Avoid Tax Code Upheaval in Moore Ruling
Regardless of whether the Supreme Court rules in favor of petitioners or the government in a constitutional challenge to the …