Treasury Announces Long-Awaited Final Rules on Electric Vehicle Tax Credits

On May 3, 2024, the U.S. Treasury Department unveiled the final IRS regulations for the electric...

IRS Launches Second ERC Voluntary Disclosure Program

On August 15, 2024, the IRS announced the launch of the Second Employee Retention Voluntary...

Challenges in Business Succession Planning: Cash Flow Strategies for Estate Tax Liabilities

Tax Strategist Insight Individuals with substantial business holdings often face complicated estate...

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...