December 12, 2022
The IRS recently issued final regulations T.D. 9969 providing an exception from the centralized partnership audit regime for partnership-related items involved with special enforcement matters.
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December 12, 2022
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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December 6, 2022
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.
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December 2, 2022
The IRS recently updated frequently asked questions for the 2020 unemployment compensation exclusion in Fact Sheet 2022-39.
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November 29, 2022
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.
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November 29, 2022
The IRS recently announced that interest rates will increase for the calendar quarter beginning Jan. 1, 2023.
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November 23, 2022
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.
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November 22, 2022
The U.S. Treasury Department recently issued proposed regulations REG-112096-22 concerning the foreign tax credit.
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November 15, 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.
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November 14, 2022
The Tennessee Department of Revenue recently issued Important Notice #22-15, changing the local tax rate in Lewis County.
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