IRS Announces Round Two of the Qualifying Advanced Energy Project Credit Program Under IRC Section 48C The Department of the Treasury and the IRS on April 29 released guidance (Notice 2024-36) to...
Understanding the Impact of Workforce Reductions on 401(k) Plans Employee turnover often triggers a wave of issues for a company and its human resources department. Even 401(k) retirement plans — one...
IRS ramps up compliance enforcement against certain businesses The Inflation Reduction Act provided the IRS with billions of dollars of additional funding to reduce the so-called “tax gap” between...
Employee Retention Credit: Prompt Response Necessary as IRS Sharply Increases Compliance Action Through Taxpayer Audits To combat a wave of frivolous employee retention credit (ERC) claims, the IRS...
Data Ethics FAQs for Manufacturers Today’s manufacturers are all on the road to Industry 4.0, exploring ways they can use emerging technologies to enhance every part of their business, from...
IRS Rules Stock Contributions Will Not Result in Deemed Dividends or Application of Gift Tax A dominant or controlling shareholder may, for valid business reasons (e.g., to improve the marketability...
More Data, More Danger: Cybersecurity Assessments for Natural Resources The natural resources industry is working to meet a fast-growing slate of reporting obligations. Facing regulatory...
Circuit Court Overturns Farhy Decision, Holds IRS Has Authority to Assess Section 6038 Penalties The United States Court of Appeals for the District of Columbia Circuit on May 3 reversed the U.S. Tax...
Empowering Users: Unleashing the Data Rights Revolution Since the introduction of the European Union’s (EU) General Data Protection Regulation (GDPR) in 2018, the privacy rights afforded to...
Tax Court Holds Fund Engaged in U.S. Business via Investment Manager, Owes Withholding Tax The Tax Court in a November 15 decision held that an investment fund partnership was engaged in a U.S. trade...