Banks and insurance companies would see a simplification of their tax reporting of credit losses under proposed regulations.
As businesses increase the use of remote workforces, nexus and withholding determinations can greatly complicate state tax compliance.
Considerations for structuring compensation and benefit plans that help companies minimize the costs and risks of retiring workers.
IRS provides VD Program for employers to return ERC refunds and avoid penalties and interest. Employers must apply by March 22, 2024.
The IRS and the Treasury Department have released guidance on how buyers can transfer clean vehicle credits to dealers at the time of purchase.
ESOPs can be advantageous to BPS companies, but their success ultimately depends on several key factors - culture, messaging and ownership goals.
Rev. Proc. 2023-34 provides annual inflation adjustments for tax year 2024, including those relevant to exempt organizations.
The Supreme Court's ruling in Moore v. United States could reshape Congress' authorization to tax income.
Cost-of-living adjustments to retirement plan limits for 2024 have been issued by the IRS in Notice 2023-75.
The IRS makes permanent e-signature guidance generated in response to COVID pandemic and launches online business tax account for sole proprietors
IRS announces simplified method for employers who have not yet received ERC refunds to withdraw claims that they now believe are ineligible.
IRS issues Notice 2023-63 outlining how taxpayers should treat their research and development expenditures under section 174.
The IRS has temporarily halted processing of employee retention credit claims and will provide additional guidance for businesses.
The IRS and Treasury released proposed regulations with respect to prevailing wage and apprenticeship requirements for clean energy tax incentives.
Treasury and the IRS have released final regulations and a revenue procedure providing guidance on program under section 48(e).
Proposed regulations for digital asset reporting under section 6045 will require brokers to report sales and exchanges of digital assets to the IRS.