Tax News Highlights
Each issue features information on the latest tax developments in an easy-to-scan format to help you keep pace with valuable federal, state and local, and international tax updates.
Recent updates
Proposed federal legislation would expand Form 990 hospital reporting to increase transparency on tax-exempt benefits and community impact.
The IRS announced a new streamlined process for taxpayers looking to extend the time limit for filing suit after receiving an ERC claim disallowance.
Taxpayers eligible for refunds of interest and penalties paid during the COVID-19 pandemic generally have until July 10 to file a claim.
The expanded Section 45F credit under the OBBBA could benefit exempt organizations that have experienced increased tax bills from UBTI.
The Ending the Carried Interest Loophole Act, would replace the current preferential carried interest regime with an ordinary income inclusion.
The IRS issued final regulations on the qualified tips deduction under Section 224, providing much-needed clarity, though certain questions remain.
Proposed federal legislation would expand Form 990 hospital reporting to increase transparency on tax-exempt benefits and community impact.
The IRS announced a new streamlined process for taxpayers looking to extend the time limit for filing suit after receiving an ERC claim disallowance.
Taxpayers eligible for refunds of interest and penalties paid during the COVID-19 pandemic generally have until July 10 to file a claim.
The expanded Section 45F credit under the OBBBA could benefit exempt organizations that have experienced increased tax bills from UBTI.
The Ending the Carried Interest Loophole Act, would replace the current preferential carried interest regime with an ordinary income inclusion.
The IRS issued final regulations on the qualified tips deduction under Section 224, providing much-needed clarity, though certain questions remain.
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