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Tax Alert

IRS updates Frequently Asked Questions policy

IRS changes FAQ policy regarding new tax legislation and offers reliance on FAQs as reasonable cause defense to accuracy-related penalties.

  • Solodchikova, Alina
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Tax Alert

Complex Media Tax Court case

The Complex Media Tax Court case and its applicability to section 351 transactions and the step-transaction doctrine.

  • Schneider, Mark
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Tax Alert

Finalized section 301 regulations

The IRS has issued final regulations under section 301 which become effective Sept. 22, 2021, to reflect current law.

  • Schneider, Mark
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Tax Alert

The IRS launches new Tax Pro Account

The IRS’s new Tax Pro Account platform allows individual taxpayers to digitally approve, sign and grant authorizations to representatives.

  • Solodchikova, Alina
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Tax Alert

Iowa continues tax reform efforts into 2021

Tax bill makes significant changes to rules affecting income taxes, inheritance taxes, credits, bonus depreciation and federal conformity.

  • Kirkell, Brian
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Tax Alert

Nebraska cuts corporate income tax rates

Nebraska enacts corporate income tax rate reductions over the next two years while promising more reductions in subsequent measures.

  • Wessbecker, Joe
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Financial Reporting Insights

Proposed quality management standards

The Auditing Standards Board has issued three proposed new standards for quality management at the firm and engagement levels.

































Tax Alert

IRS releases electronic Form 1024-A

Section 501(c)(4) organizations must submit applications for tax-exempt status to the IRS electronically through pay.gov.

  • Mitchell, Alexandra
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Tax Alert

IRS acknowledges auto-revocation errors

Some exempt organizations that timely filed Form 990 series returns or notices are receiving erroneous auto-revocation notices.

  • Mitchell, Alexandra
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Tax Alert

Revised Form 941-X

The final version of Form 941-X Adjusted Employer’s Quarterly Federal Tax Return or Claim for Refund has been released by the IRS.

  • Field, Karen
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Tax Alert