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  • Final regs. issued for clean energy credit transfers April 25, 2024
    The IRS issued final regulations regarding the election to transfer certain clean energy tax credits. The regulations include specific rules for partnerships and S corporations as eligible taxpayers and transferee taxpayers.
  • DOL finalizes broad ‘retirement security rule’ April 24, 2024
    CPA financial planners need to be aware of the U.S. Department of Labor’s new rule, which is intended to protect retirement investors from receiving investment advice tainted by conflicts of interest.
  • Draft of Form 1099-DA for reporting digital asset transactions released April 23, 2024
    The draft form, which when finalized will be used by brokers to report digital asset transactions, reflects the language of the proposed regulations, including a broad definition of “broker.”
  • IRS has mixed results from ‘ghost employer’ enforcement efforts April 22, 2024
    The IRS had mixed success in its first efforts to find employers who evade taxes, doing better in its criminal pursuit than on the civil side, the Treasury Inspector General for Tax Administration said in a recent report.
  • Updated FAQs provide details on phase-in timing of BOI access April 19, 2024
    The FAQs from Treasury’s Financial Crimes Enforcement Network said access to beneficial ownership information will be phased in, beginning this spring with a pilot program for some federal agency users and concluding in spring 2025, when financial institutions with customer due-diligence requirements will be able to review BOI.

NEWSLETTERS

View All

RSS RSS FEED

  • Final regs. issued for clean energy credit transfers April 25, 2024
    The IRS issued final regulations regarding the election to transfer certain clean energy tax credits. The regulations include specific rules for partnerships and S corporations as eligible taxpayers and transferee taxpayers.
  • DOL finalizes broad ‘retirement security rule’ April 24, 2024
    CPA financial planners need to be aware of the U.S. Department of Labor’s new rule, which is intended to protect retirement investors from receiving investment advice tainted by conflicts of interest.
  • Draft of Form 1099-DA for reporting digital asset transactions released April 23, 2024
    The draft form, which when finalized will be used by brokers to report digital asset transactions, reflects the language of the proposed regulations, including a broad definition of “broker.”
  • IRS has mixed results from ‘ghost employer’ enforcement efforts April 22, 2024
    The IRS had mixed success in its first efforts to find employers who evade taxes, doing better in its criminal pursuit than on the civil side, the Treasury Inspector General for Tax Administration said in a recent report.
  • Updated FAQs provide details on phase-in timing of BOI access April 19, 2024
    The FAQs from Treasury’s Financial Crimes Enforcement Network said access to beneficial ownership information will be phased in, beginning this spring with a pilot program for some federal agency users and concluding in spring 2025, when financial institutions with customer due-diligence requirements will be able to review BOI.