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Emma Slack-Jorgensen
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IRS Improving Tax Season Performance
Taxation
The IRS continued to improve its filing season performance in March and has met other objectives, Stephen Mankowski, tax…
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IRS and Treasury Extend Transition Period for Exception to Taxation of Foreign Royalties
Taxation
The IRS and the Treasury Department are extending a transition period for an exception to the requirement for companies to…
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TIGTA Finds IRS Employee Suggestion Program Elimination Possibly' Premature'
Taxation
The IRS eliminated its Employee Suggestion Program (ESP) without plans for a substitute, a decision that the Treasury…
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Survey: Large Majority of Accountants Expect to Rely More on Technology in Coming Year
The Trusted Professional
Almost nine in 10 accountants surveyed by Intuit Inc. agreed that technology will play a significant role in the growth and…
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IRS and Treasury Issue Proposed Guidance for Electric Vehicle Tax Credits
The Trusted Professional
The IRS and the Treasury Department have released proposed regulations for the new tax credits for electric vehicles under…
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Regulatory Roundup: March 28–April 3
Regulatory Roundup
AICPA AICPA Requests IRS Broaden and Automate Relief for All DisastersMarch 29, 2023 AICPA Comments on Interim Guidance…
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Report Warns of Five Tax Myths on TikTok
Taxation
With members of Generation Z using TikTok as a search engine, gig workers in that cohort may turn to that platform for tax…
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Companies Seek Guidance on Corporate Minimum Tax Due to Extraordinary Transactions
Taxation
Some business leaders and companies are concerned that certain one-time business transactions would make them liable to pay…
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FASB Releases Update on Tax Credit Investments
Accounting
The Financial Accounting Standards Board (FASB) released an accounting standards update to allow reporting entities to…
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