January 24, 2022
The IRS recently issued final regulations (T.D. 9960) regarding the treatment of domestic partnerships for purposes of determining amounts included in the gross income of their partners with respect to foreign corporations.
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January 20, 2022
The IRS recently issued Rev. Proc. 2022-13 regarding employee status determinations under Sec. 7436.
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January 14, 2022
The IRS recently announced that starting Jan. 1, 2022, IRS Freedom of Information Act fees for search efforts, review efforts and duplication of records increased, regardless of requester category type.
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January 6, 2022
The Office of Management and Budget recently issued Addendum No. 1 to the 2021 Compliance Supplement, providing guidance for auditing funds received from the Coronavirus State and Local Fiscal Recovery Fund and an update to the Education Stabilization Fund program section.
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January 3, 2022
The IRS is reminding employers and self-employed individuals that chose to defer paying part of their 2020 Social Security tax obligation that a payment is due on Jan. 3, 2022.
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December 22, 2021
The IRS recently issued Notice 2022-03, which increases the rate by which taxpayers may compute their deductions for costs of using an automobile for business purposes for the 2022 tax year.
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November 19, 2021
The U.S. Small Business Administration recently released updated guidance regarding applications for loans, advances and appeal requests with the COVID-19 Economic Injury Disaster Loans program.
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November 11, 2021
The IRS recently announced the tax year 2022 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes.
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September 22, 2021
The IRS recently published final regulations regarding the calculation of qualified business asset investment for qualified improvement property under the alternative depreciation system under Sections 250 and 951.
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September 21, 2021
The U.S. has seen historic levels of federal funding in response to the COVID-19 pandemic. Various laws, including the CARES Act and the American Rescue Plan Act of 2021, have provided billions of dollars to American businesses, state and local governments, and not-for-profits. While this funding has provided relief, especially for nonprofits, it may cause complications for many recipients.
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