How to Effectively Implement AI in the Tax Function

Artificial intelligence is creating waves in every industry. From streamlining burdensome tasks to...

Tech’s 2024 Guide to Tax Planning

Tax policy isn’t static — its ever-evolving nature means that companies should continually revisit...

The Corporate Transparency Act

For companies formed before January 1, 2024, there are less than 6 months left to file your initial...

IRS issues final regulations on inherited IRAs

The IRS has published new regulations relevant to taxpayers subject to the “10-year rule” for...

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...

IRS ramps up compliance enforcement against certain businesses

The Inflation Reduction Act provided the IRS with billions of dollars of additional funding to...

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 has sharply increased...

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...

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 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...