Chief Counsel Provides Guidance on ERC Eligibility for Supply Chain Disruption
In a Generic Legal Advice Memo, IRS Chief Counsel discussed whether an employer experienced a full or partial suspension of their …
IRS Ends Majority of Unannounced In-person Collection Visits
From now on, if someone comes to your home or place of business, they will highly unlikely be an IRS …
Corporate Taxpayers Won’t Be ‘Left Behind’ as IRS Improves Notices, Official Assures
While much focus has been given to individuals in messaging from the IRS as the agency aims to capitalize on …
International Tax Experts Pan Biden’s Pillar Two Plan
During a House Ways and Means Tax Subcommittee hearing July 19, a panel of international tax lawyers and global experts …
Half of Foreign Assets Held in Tax Havens, New Research Estimates
With the goal of shedding light on what foreign financial reports can tell about offshore holdings and the effect of …
New OECD Guidance Includes Transitional Safe Harbor for Pillar Two Top-Up Tax
Updated administrative guidance on the Organization for Economic Co-operation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting’s …
OECD Reports ‘Significant Progress’ on Pillar One as Members Extend Digital Services Tax Delay
Countries that have or plan to enact a digital services tax agreed to continue to hold off another year while …
Werfel Announces Upcoming Expansions to In-person, Online Services
Three months following the conclusion of this year’s tax filing season, the IRS provided an update on how it has …
IRS Launches Criminal Investigation into Abusive Malta Pension Plans
The IRS’ crackdown on a tax scheme involving Maltese pension plans has taken a turn as the agency’s Criminal Investigation …
Senate Budget Committee Hears From Experts on Preserving Social Security
Government and policy group officials testified before the Senate Budget Committee to address the looming threat of potential Social Security …