Compliance, Taxation 21 Jan 2025 compliance, chemical industry, irs, tax regulations, cyanuric acid

💰IRS Seeks Comments on Adding Cyanuric Acid to Taxable Substances List

This notice of filing announces that a petition has been filed requesting that cyanuric acid be added to the list of taxable substances. This notice of filing also requests comments on the petition. This notice of filing is not a determination that the list of taxable substances is modified.

Learn More
Compliance, Financial Requirement 21 Jan 2025 regulatory compliance, irs, chemical substances, superfund tax, sodium chlorite

⚖️IRS Notice

This notice of filing announces that a petition has been filed requesting that sodium chlorite be added to the list of taxable substances. This notice of filing also requests comments on the petition. This notice of filing is not a determination that the list of taxable substances is modified.

Learn More
Regulation, Compliance 21 Jan 2025 information collection, irs, federal agencies, department of treasury

📜IRS Information Collection Notice from Department of Treasury

The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests.

Learn More
Regulatory Compliance, Financial Reporting 17 Jan 2025 securities, business compliance, irs, commodities, tax regulation, mark to market

📊IRS Notice on Mark to Market Election - Comments Requested by 2025

The Internal Revenue Service (IRS), as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning, Mark to Market Election for Commodities Dealers and Securities and Commodities Traders.

Learn More
Regulatory Compliance, Taxation 17 Jan 2025 business compliance, irs, financial impact, tax regulations, revenue procedure, section 9100

💼IRS Notice on Comments for Revenue Procedure 2003-33 Impacting Businesses

The Internal Revenue Service (IRS), as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning, Section 9100 Relief for 338 Elections.

Learn More
Compliance, Regulatory Requirements 17 Jan 2025 compliance, information collection, business regulation, irs, treasury, energy credit

📜IRS Information Collection Notice for Energy Credits and Waivers

The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests.

Learn More
Regulatory Compliance, Business Regulation 17 Jan 2025 regulation, irs, comments, treasury, business organizations, intangible property, amortization

📜IRS Seeks Comments on Amortization of Intangible Property Regulations

The Internal Revenue Service (IRS), as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning, Amortization of Intangible Property.

Learn More
Compliance, Financial Reporting 16 Jan 2025 reporting requirements, corporate tax, irs, income taxes, reporting and recordkeeping requirements, multi-year transactions, section 355

📊New Multi-Year Reporting Requirements for Corporate Transactions

This document contains proposed regulations that would require multi-year tax reporting for corporate separations and related transactions. The information to be reported under these proposed regulations would establish the taxpayer's position that the corporate separation and related transactions qualify for nonrecognition treatment under subchapter C of the Internal Revenue Code. The proposed regulations would affect corporations and their shareholders and security holders. Proposed regulations regarding certain matters relating to corporate separations, incorporations, and reorganizations qualifying for nonrecognition of gain or loss are published elsewhere in the Proposed Rules section of this issue of the Federal Register.

Learn More
Compliance, Financial Regulation 16 Jan 2025 taxes, employee remuneration, corporate governance, irs, publicly held corporations, reporting and recordkeeping requirements, income taxes

💰Proposed IRS Regulations on Employee Remuneration Deductions

This document sets forth proposed regulations under section 162(m) of the Internal Revenue Code, which limits the deduction for certain employee remuneration in excess of $1,000,000 for Federal income tax purposes. These proposed regulations implement the amendments made to section 162(m) by the American Rescue Plan Act of 2021. These proposed regulations would affect publicly held corporations.

Learn More
Compliance, Regulatory Requirements 15 Jan 2025 reporting and recordkeeping requirements, business compliance, penalties, irs, excise taxes, income taxes, estate taxes, gift taxes, employment taxes, federal taxes, appeals process, tax controversies

💼IRS Appeals Regulations for Resolving Federal Tax Controversies

This document contains final regulations that provide guidance on the resolution of Federal tax controversies by the IRS Independent Office of Appeals (Appeals) under the Taxpayer First Act of 2019 (TFA). The final regulations provide that while the Appeals resolution process is generally available to all taxpayers to resolve Federal tax controversies, there are certain exceptions to consideration by Appeals. The final regulations also address certain procedural and timing rules that must be met before Appeals consideration is available. The regulations affect taxpayers requesting Appeals consideration of Federal tax controversies.

Learn More