Topics Affordable Care Act IRS Issues Guidance Easing ACA Reporting RequirementsNotice 2019-63 Delivers Relief for Providers of Minimum Essential Coverage Backup withholding House Reconciliation Bill Would Increase Thresholds for Reporting Obligations under Sections 6041 and 6050WIRS Publishes Last Minute Reprieve for Implementation of New Form 1099-K Reporting Threshold CARES Act Reconciliation Bill Affects Pending ERC Claims; Cracks Down on ERC PromotersIRS Repeats Cautions Regarding Aggressive Claims for Employee Retention Credit CbC Reporting IRS Updates Country-by-Country Reporting InstructionsNew CAAs on Exchange of CbC Reports Pushes Total to 20 Chapter 3 IRS Issues Final Regulations Governing Withholding on Certain Retirement Plan and Commercial Annuity Distributions Made to U.S. Taxpayers AbroadIRS Releases Form 1042-S Data Integrity Tool to Assist Withholding Agents in Complying With Withholding and Reporting Obligations Court Cases Supreme Court Limits Penalties for Nonwillful FBAR Failures in Bittner DecisionSupreme Court Denies New Hampshire’s Challenge to Massachusetts Telecommuter Tax Rule; Convenience of the Employer Lives to See Another Day DAC 6 Citing Brexit, UK Retroactively Curtails DAC 6 Reporting RequirementsDAC 6 Implementation Imminent in Finland and Germany Despite Delays in Other EU Countries and the UK Due to COVID-19 Employee Benefits House Reconciliation Bill Would Extend Tax Credits for Family and Medical Leave and Child CareHSA Changes Proposed in House Budget Reconciliation Bill Employment Taxes Reconciliation Bill Affects Pending ERC Claims; Cracks Down on ERC PromotersSenate Reconciliation Bill Retains No Tax on Tips Provision with Some Changes FATCA Treasury and IRS Extend Olive Branch to Reporting Model 1 FFIs and Model 1 IGA Jurisdictions Regarding U.S. TIN Reporting for Certain U.S. AccountsIRS Releases Form 1042-S Data Integrity Tool to Assist Withholding Agents in Complying With Withholding and Reporting Obligations FBAR Supreme Court Limits Penalties for Nonwillful FBAR Failures in Bittner Decision FinCEN Supreme Court Limits Penalties for Nonwillful FBAR Failures in Bittner DecisionFinCEN Releases Final Rule on Beneficial Ownership Disclosure Requirements: Seven Things To Know Fringe Benefits Senate Reconciliation Bill Drops Unpopular UBTI Proposal for Transportation FringesHouse Reconciliation Bill Would Extend Tax Credits for Family and Medical Leave and Child Care Information Reporting House Reconciliation Bill Would Increase Thresholds for Reporting Obligations under Sections 6041 and 6050WIRS Issues Guidance Easing ACA Reporting Requirements IRS IRS Issues Guidance Easing ACA Reporting RequirementsIRS Issues Proposed Regulations to Expand Limitation on Compensation Deduction for Publicly Held Corporations Legislation Senate Reconciliation Bill Retains No Tax on Tips Provision with Some ChangesSenate Reconciliation Bill Drops Unpopular UBTI Proposal for Transportation Fringes Penalties Reconciliation Bill Affects Pending ERC Claims; Cracks Down on ERC PromotersSupreme Court Limits Penalties for Nonwillful FBAR Failures in Bittner Decision Regulations IRS Issues Proposed Regulations to Expand Limitation on Compensation Deduction for Publicly Held CorporationsIRS Delays Gross Proceeds Reporting, Basis Reporting, and Transfer Statements between Brokers on the Disposition or Transfer of Digital Assets until Final Regulations are Issued Tax Policy Reconciliation Bill Affects Pending ERC Claims; Cracks Down on ERC PromotersSenate Reconciliation Bill Retains No Tax on Tips Provision with Some Changes Tax Reform Reconciliation Bill Affects Pending ERC Claims; Cracks Down on ERC PromotersSenate Reconciliation Bill Retains No Tax on Tips Provision with Some Changes Tax Treaties IRS Proposes Regulations under Section 1446(f) — Determining the Withholding Amount (Post 2 of 3)IRS Proposes Regulations under Section 1446(f) — Which Party is Required to Withhold? (Post 1 of 3) Uncategorized Senate Passes Stand-Alone Bill to Enact “No Tax on Tips”Treasury Greenbook Includes Proposal to Raise the Additional Medicare Tax Rate for High-Income Taxpayers Worker Classification Senate Bill Would Ignore COVID-19 Assistance in Determining Worker Classification; Treat Certain Benefits as Qualified Disaster Relief PaymentsHiring Employees vs. Independent Contractors: Navigating Classification Issues in a Drastically Altered California Legislative Landscape
