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'Y'all Will Fall for Anything': Viral Tweet Falsely Claiming Donald Trump Allows Men Paying Child Support to Claim Children on Taxes Creates Frenzy Online
Social media has been abuzz with claims from influencers that Donald Trump has changed the tax code, preventing child support ...
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AICPA backs legislation to delay federal tax deadlines
The American Institute of CPAs (AICPA) has expressed strong support for new bipartisan legislation that would empower the ...
JD Supra1d
Initial Guidance on Clean Fuel Production Credit Under IRC Section 45Z
On January 10, 2025, the Internal Revenue Service (IRS) issued Notice 2025-10 and Notice 2025-11. Notice 2025-10 summarizes proposed ...
JD Supra2d
US Treasury and IRS Unveil Proposed Regulations for Commercial EV Tax Credit, Sparking Questions on Recapture Provisions
On January 10, the US Treasury Department (Treasury) and the US Internal Revenue Service (IRS) released proposed regulations under Section 45W of ...
JD Supra2d
Inflation Reduction Act Guidance: IRS and Treasury Release Final Regulations on the New Tech-Neutral Clean Energy Tax Credits
On January 15, 2025, the Internal Revenue Service (the “IRS”) and the Department of the Treasury (“Treasury”) published final regulations ...
JD Supra1d
Annual Reporting Requirements for Incentive Stock Options and Employee Stock Purchase Plans - January 2025
Information Statements and IRS Returns Requirement to Report For (1) any exercise of an incentive stock option (ISO) during 2024 or ...
JD Supra2d
IRS and Treasury Release Final Rules for Technology-Neutral Clean Electricity Credits Under Sections 45Y and 48E
The Inflation Reduction Act of 2022 introduced the Code Section 45Y production tax credit (CEPTC) for facilities that generate clean electricity ...