Regulation and compliance
Regulation and compliance
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The IRS has extended the deadline for reporting income paid to non-resident aliens, foreign corporations, and other foreign entities.
April 14 -
The Internal Revenue Service issued a notice giving some breathing room to those involved with micro-captive insurance companies.
April 11 -
The legislation blocks a rule that would have forced some cryptocurrency brokers to provide tax information on transactions on their platforms.
April 11 -
Rep. Jeff Van Drew thinks House Republicans will end up approving a $30,000 cap on the state and local tax deduction.
April 11 -
President Trump' and congressional leaders successfully corralled House Republican lawmakers to approve a Senate-passed budget outline.
April 10 -
The American Institute of CPAs asked officials in the Treasury and the IRS for changes in the final regs governing generation-skipping transfer tax exemptions.
April 9 -
The first wave of layoffs and others in the works will reduce enforcement. But the smaller ranks will still carry out "a rather grueling examination," an expert says.
April 9 -
Ultra-conservatives in the House are threatening to block a budget blueprint to kickstart tax cut negotiations, potentially delaying passage of Trump's economic plan.
April 9 -
A bipartisan group of over 100 lawmakers reintroduced legislation in the House to expand and strengthen the Low Income Housing Tax Credit.
April 8 -
The 831(b) Institute sent a letter requesting an extension on a deadline for disclosing information about transactions that the IRS views as tax shelters.
April 8 -
The rebate, which would be geared toward boosting U.S. manufacturers, would be issued at the end of the year to offset the effects of retaliatory tariffs.
April 8 -
The openness to a new 40% tax bracket for millionaires comes after decades of Republicans opposing any form of tax increase.
April 8 -
Michael Saylor's Strategy and fellow corporate buyers of Bitcoin are being made to recognize the unrealized changes.
April 7 -
President Donald Trump's much bigger-than-expected tariff hikes increase the urgency of the Republican tax-cut package now in negotiation.
April 7 -
Senate Republicans took a major step toward enacting President Donald Trump's tax cut agenda and increasing the U.S. debt ceiling.
April 7 -
The requirements for the Clean Vehicle Credit seemed a little complicated when they were introduced, and they are proving to be a little difficult in practice.
April 3 -
The Senate plan will allow for a $4 trillion extension of Trump's tax cuts and an additional $1.5 trillion in further levy reductions.
April 2 -
The department-store operator tied executives' cash bonuses to an earnings metric that turned out to be overstated by around $81 million in 2023.
April 2 -
A sizable increase to the current $10,000 limit on SALT write-offs would represent a major victory for a crucial group of swing-district House Republicans.
April 2 -
The House passed six bipartisan bills concerning taxes and the IRS, four of which were endorsed by the AICPA.
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