The IRS on Friday issued proposed regulations providing guidance on the new rule that disallows charitable contribution deductions for certain conservation easement contributions by partnerships and other passthrough entities.
Day: November 17, 2023
New regs proposed on conservation easement deductions
The regulations address new subsections of the law from the SECURE 2.0 Act.
IRS appoints next CIO
Rajiv Uppal will begin assisting with the agency’s transformation work in early 2024.
IRS urged to crack down on wealthy tax cheats in Puerto Rico
Democratic lawmakers want the service to look into the possible abuse of tax breaks on the island.
Tech News: IRIS launches firm management tool
Plus, Sage releases new Intacct features; Liscio unveils new upgrades aimed at enhanced client experience; and other accounting tech news.
On the move: Windes adds tax partner
IFAC and FASB both appoint and reappoint board members; RSM raises $4.7M for nonprofits via Power of Love program; and more news from across the profession.