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An Alabama federal district court held that the Corporate Transparency Act is unconstitutional, stating it "exceeds the Constitution's limits on Congress' power."
March 5Wolters Kluwer Tax & Accounting North America -
While most accountants are aware of the reporting requirement, the majority of business owners are likely to be, at best, dimly aware of them.
February 27 -
The American Institute of CPAs sent letters to the Treasury and the IRS asking for filing relief for taxpayers affected by major disasters and for more guidance on information returns for grantor trusts.
February 9 -
The Treasury's Financial Crimes Enforcement Network hopes to deter money laundering in the residential real estate industry with a newly proposed rule.
February 7 -
A new analysis forecasts a higher return on investment from the Inflation Reduction Act of 2022, but only if the funding isn't reduced.
February 6 -
The American Institute of CPAs is asking the Treasury and the Internal Revenue Service to postpone the effective date of their final regs on donor-advised funds.
February 5 -
The Internal Revenue Service and the Treasury Department issued a notice to provide relief to parents who got snagged by problems with Maryland's prepaid college savings program.
January 25 -
The Internal Revenue Service and the Treasury released information on tax incentives for installing electric vehicle charging stations and where they can be located.
January 19 -
The Internal Revenue Service and the Treasury Department told businesses they won't have to report on the digital assets they receive until regulations are issued.
January 16 -
If he returns to office, Trump intends to make the individual cuts from the TCJA permanent and to keep corporate tax levels unchanged.
January 9