Proposed CFU U.S. Shareholder Regs Issued
The IRS has issued proposed regs that treat members of a consolidated group as a single U.S. shareholder in certain …
Baker Tilly’s Michele Donohue Makes the case for Automation in Tax Practice
Tax and accounting professionals can use new digital tools to automate processes that reduce man-hours spent gathering data and manual …
IRS Invites Public to Apply to ETAAC
The IRS is seeking applicants to join its public forum on electronic tax administration issues for three-year terms beginning September …
2023 Tax Outlook Pt. 1: Lame Duck Session, Split Congress Expectations
This two-part series forecasts tax developments the remainder of this month and the new year will bring. Part 1 begins …
‘New’ Extenders Could Drive Congressional Action During Lame Duck
A handful of popular tax provisions in the Tax Cuts and Jobs ACT (TJCA, PL 115-97) set to expire soon could …
US, EU Hope to Hash Out Electric Vehicle Credit Tiff
The European Union’s concerns over the Inflation Reduction Act’s modified tax incentives for purchases of electric vehicles have been acknowledged, …
Extending TCJA Tax Cuts Would Cost $3T, Policy Group Finds
According to new analysis by a tax policy think tank, the budget deficit would increase more than $3 trillion over …
Wyden Presses Crypto Exchanges on Customer Protection
In the wake of a high-profile cryptocurrency exchange’s fall from grace, the Senate’s top tax writer is seeking answers from …
Tax Court: 90-Day Filing Deadline Jurisdictional; Can’t Be Equitably Tolled
Code Sec. 6213(a)‘s 90-day time limit to file a petition with the Tax Court is jurisdictional and, thus, cannot be …
Deadline Fast Approaching for Setting Budget Levels, Extending Temporary Funding
Funding the government to avert a shutdown before a December 16 deadline is must-pass legislation for Congress as the clock …