JD Supra2d
IRS Issues Proposed Regulations Implementing Changes to Code Section 162(m)
On January 14, 2025, the Internal Revenue Service (“IRS”) and the Department of Treasury issued proposed regulations under ...
Hosted on MSN5d
'Y'all Will Fall for Anything': Viral Tweet Falsely Claiming Donald Trump Allows Men Paying Child Support to Claim Children on Taxes Creates Frenzy Online
Social media has been abuzz with claims from influencers that Donald Trump has changed the tax code, preventing child support ...
JD Supra6d
Proposed regulations provide guidance regarding certain aspects of spinoffs and reorganizations
On January 13, 2025, the U.S. Treasury Department (the “Treasury”) and the Internal Revenue Service (the “IRS”) issued proposed ...
Hosted on MSN7d
AICPA backs legislation to delay federal tax deadlines
The American Institute of CPAs (AICPA) has expressed strong support for new bipartisan legislation that would empower the ...
KSNW Wichita on MSN3d
Bill would make 20% tax cut permanent for small businesses in Kansas
Kansas Congressional Senator Jerry Moran, alongside other colleagues, has introduced a bill to give a permanent tax deduction ...
JD Supra2d
Treasury and IRS Release Final Hydrogen Production Tax Credit Regulations
On January 3, 2025, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations (Regulations) ...
JD Supra5d
IRS Updates Guidance on Section 530 and Worker Status Issues
The Internal Revenue Service has released new guidance, Rev. Rul. 2025-3, clarifying the application of Section 530 of the Revenue Act of ...
JD Supra6d
Annual Reporting Requirements for Incentive Stock Options and Employee Stock Purchase Plans - January 2025
Information Statements and IRS Returns Requirement to Report For (1) any exercise of an incentive stock option (ISO) during 2024 or ...