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IRS Issues Guidance on Labor Rules for Clean Energy Tax Credits
NextGen
The IRS has published initial guidance on the new wage and apprenticeship requirements for companies to qualify for clean…
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FASB Wants Companies to Disclose More About Their Income Taxes
Accounting
The Financial Accounting Standards Board (FASB) has proposed a requirement for companies to provide more information on…
Read More
Conference Speakers Present NYS, NYC Tax Updates
Taxation
Two tax experts discussed relevant and recent New York state and city tax changes at the Foundation for Accounting…
Read More
TIGTA Lauds IRS for Ransomware Protections
Taxation
A Treasury Inspector General for Tax Administration (TIGTA) report found that the IRS had effective controls in place to…
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Despite More Funding for Enforcement, IRS Faces Shortage of Trained Accountants
Taxation
The IRS will use about $46 billion of the $80 billion appropriated to it by the Inflation Reduction Act for increased…
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House Committee Can Get Trump Tax Returns, Supreme Court Rules
Taxation
After a years-long legal battle, the U.S. House of Representatives will get to review six years of former President Donald…
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SPACs May Be Affected by New 1% Excise Tax
Taxation
Special purpose acquisition companies (SPACs) may soon be subject to a 1 percent excise tax, which may affect how they are…
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With Funding Increase, IRS Likely to Focus on Tax Evaders
Taxation
The IRS, under incoming Commissioner David Werfel, will devote more than half of its $80 billion allocation under the…
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IRS Advisory Counsel Releases Its Annual Report
Taxation
The IRS Advisory Council (IRSAC) has issued its 2022 Public Report on new and continuing issues in tax administration. The…
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