Uncertainty Abounds as TCJA Expiration Looms, Tax Pros Say
With several provisions of the Tax Cuts and Jobs Act (TCJA, PL 115-97) set to expire or change in 18 months, …
With several provisions of the Tax Cuts and Jobs Act (TCJA, PL 115-97) set to expire or change in 18 months, …
By Ashleigh M. Paige On June 20, 2024, Kansas Governor Laura Kelly signed omnibus tax legislation which modifies income tax …
Senators Eric Schmitt (R-MO) and Bob Casey (D-PA) recently introduced legislation (S 4539) to extend expiring Tax Cuts and Jobs …
The U.S. Supreme Court yesterday, in a 7-2 decision in Moore v. U.S., upheld the one-time federal transition tax on accumulated earnings …
The Supreme Court held 7-2 on June 20 that the one-time mandatory repatriation tax (MRT) or “transition tax” under the …
While some lawmakers have called for expanding the foreign-derived intangible income (FDII) deduction – which was intended to keep intellectual …
The IRS has issued final regulations on the prevailing wage and apprenticeship (PWA) requirements for claiming an increased credit or …
Payroll professionals have a crucial role in identifying, tracking, and reporting unclaimed wages to prevent liability issues. As unclaimed property …
As the IRS steps up audits of tax-exempt nonprofit hospitals, experts at Grant Thornton offered advice to help tax professionals …
QUESTION: Our company sponsors a health reimbursement arrangement (HRA) that is integrated with our major medical plan. One of our …
As the Securities and Exchange Commission (SEC) is in the middle of writing a third proposal on Dodd-Frank incentive-based compensation …
The IRS and Treasury Department issued a suite of guidance as part of a new regulatory initiative aimed at closing …
Customers of major tax preparation companies should take tax advice from artificial intelligence chatbots with a grain of salt due …
An auditor challenging the constitutionality of PCAOB disciplinary proceedings against him should be required to identify himself, the board argued …
The FATCA International Data Exchange Service (IDES) is migrating to an updated system and vendor beginning at 8 am EDT …
The IRS is reminding taxpayers who need to make estimated tax payments that the 2024 second quarter estimated tax deadline …
By Debbie Tam The U.S. Court of Appeals for the Tenth Circuit ruled that an employee who claimed to be …
Less than a year after proposing a rule intended to more effectively deter auditor misconduct, the Public Company Accounting Oversight …