BOI is back; phantom stocks; continuous compliance; and other highlights from our favorite tax bloggers.
Day: December 24, 2024
5 changes for IRAs and 401(k)s in 2025
The SECURE 2.0 Act contained changes to traditional and Roth individual retirement accounts and 401(k) plans that are being phased in over several years.
Why the 150-hour requirement must evolve
The extra year of education is turning away potential CPAs, especially when they can pursue alternative careers with just a four-year degree.
Court lifts CTA injunction; FinCEN extends BOI deadline
After an injunction was lifted by an appeals court, the Treasury’s Financial Crimes Enforcement Network has extended the deadline for beneficial ownership information reporting.
CAMT: ‘Its own little tax system’
Proposed regs for the corporate alternative minimum tax may place a major burden on smaller partnerships.
IRS proposes new rules for tax professionals
The proposed regulations would update the Circular 230 rules governing practice before the IRS.