Energy community bonus credit: New guidance broadens eligibility
New guidance on the energy community bonus credit amount offers clarity for taxpayers seeking to identify eligible communities.
IRS releases draft instructions to claim amended R&D credits
IRS issues draft instructions for Form 6765 that formalizes the information required for claiming research credits on an amended tax return or ...
New York state senator proposes to repeal estate tax
RSM’s state and local tax policy specialists weigh in on a proposal to eliminate New York’s estate tax.
Tax year 2022 brings more changes to international tax reporting
Understand how the IRS is changing tax compliance for taxpayers with international activity for 2022.
Key takeaways for employers under the SECURE 2.0 Act of 2022
SECURE 2.0 Act significantly changes the tax rules governing qualified retirement plans and individual retirement accounts (IRAs).
New EU ‘Green Import Tariff’
EU Carbon Import Tariff & EU Carbon Import Tax.
IRS announces updated Reference Standard for section 179D
New standards affirmed for energy efficient commercial buildings deductions, but old standards apply for several more years.
Treasury and IRS release interim guidance on corporate minimum tax
Notice 2023-7 provides interim guidance on certain items related to the new corporate minimum tax in anticipation of forthcoming proposed regulations.
Treasury issues guidance for clean vehicle manufacturers and sellers
For manufacturers and sellers of clean vehicles to claim new tax incentives, they must follow procedures recently outlined by the Treasury Department.
Schedules K-2 and K-3 draft instructions for tax year 2022
Pass-through entities and partners alike should understand the compliance changes associated with the IRS's recent release of updated draft ...
Treasury releases much anticipated proposed FTC regulations
Last Friday, Treasury released proposed foreign tax credit regulations aiming to clarify the cost recovery requirement and royalty withholding ...
New credit amounts for the Production Tax Credit for 2022
IRS announces new tax credit amounts under section 45 of the Internal Revenue Code, for the calendar year 2022.
OECD issues final Crypto-Asset Reporting Framework – now what?
The OECD’s updated crypto-asset reporting framework and CRS amendments will streamline reporting and exchange of information on crypto-assets.
Treasury Priority Guidance Plan 2022-2023 – Exempt Organizations
The Treasury Department and the IRS released the 2022-2023 Priority Guidance Plan, which contains a number of items affecting exempt organizations.
IRS makes statements on CARES Act Employee Retention Tax Credit risks
On Oct. 19, 2022 the IRS issued a news release warning employers to be wary of third parties who have ramped up campaigns to try and get ...
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