IRS Issues Procedural Guidance on Section 174 Accounting Method Changes for Taxpayers with Short Taxable Years
On August 29, 2024, the IRS issued Rev. Proc. 2024-34, which provides modified procedural guidance permitting taxpayers with short...
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- 5 days ago
- 4 min
DOL Releases Final Rule to Increase Salary Thresholds for FLSA White-Collar Exemptions
The U.S. Department of Labor (DOL) issued a final rule that updates and revises the regulations issued under the federal Fair Labor...
- Aug 14
- 6 min
IRS Adopts Final Digital Asset Tax Reporting Rules with Some Revisions
The IRS on June 28 issued final regulations on information reporting for digital asset transactions. The final regulations require...
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