Treasury and IRS Set Procedures for Manufacturers, Sellers of Clean Vehicles
The Treasury Department and IRS recently issued Revenue Procedure 2022-42, setting out key processes for manufacturers and sellers of clean vehicles.
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All Featured (39) For the Public (148) Tax News (424) Accounting & Auditing (206) Business & Industry News (124) Regulatory News (112) Legislative News (48) Chapter News (17) Young CPAs (60) Students (90) TSCPA Press Releases (47)Showing : 121–130 of 424
Treasury and IRS Propose Regulations Identifying Syndicated Conservation Easement Transactions as Abusive Transactions
The Treasury Department and IRS recently issued proposed regulations identifying certain syndicated conservation easement transactions as "listed transactions" – abusive tax transactions that must be reported to the IRS.
View MoreIRS Updates 2020 Unemployment Compensation Exclusion FAQs
The IRS recently updated frequently asked questions for the 2020 unemployment compensation exclusion in Fact Sheet 2022-39.
View MoreTreasury and IRS Issue Guidance on Wage and Apprenticeship Requirements for Enhanced Credits/Deductions
The Treasury Department and IRS recently announced guidance providing taxpayers information on how to satisfy the prevailing wage and apprenticeship requirements for enhanced tax benefits under the Inflation Reduction Act.
View MoreIRS Interest Rates Increase for the First Quarter of 2023
The IRS recently announced that interest rates will increase for the calendar quarter beginning Jan. 1, 2023.
View MoreIRS Releases List of Required Amendments for 403(b) Plans
The IRS recently issued Notice 2022-62, including a list of required amendments for Section 403(b) plans, which are retirement plans for certain employees of public schools and Section 501(c)(3) tax-exempt organizations and certain ministers.
View MoreTreasury Department Issues Proposed Regulations on Foreign Tax Credit Rules
The U.S. Treasury Department recently issued proposed regulations REG-112096-22 concerning the foreign tax credit.
View MoreThe Tax Implications of H.R. 5376: Inflation Reduction Act of 2022
The Inflation Reduction Act of 2022 was signed into law by President Biden on Aug. 16. Interestingly, this Act began its journey into becoming law under a completely different name and year. The Act was originally introduced to the House of Representatives in September 2021 as the Build Back Better bill.
View MoreTennessee Department of Revenue Notice Changes Lewis County Local Tax Rate
The Tennessee Department of Revenue recently issued Important Notice #22-15, changing the local tax rate in Lewis County.
View MoreTreasury and IRS Expand Program for Approving Certain Retirement Plans
The U.S. Treasury Department and IRS recently announced the expansion of one of their programs for approving retirement plans.
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