Federal Tax | State & Local Tax | International Tax Human Capital & Workforce, Individual and Indirect Tax This year in review lists all EY Tax Alerts concerning significant U.S. human capital and workforce and individual and indirect tax developments during 2024. |
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Key U.S. human capital and workforce developments, 2024 |
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01.02.2025 | Final legislation eases employer filing and furnishing requirements under Affordable Care Act (2025-0103) |
12.05.2024 | IRS increases dollar amount for PCORI fee calculation to $3.47 per covered life (2024-2219) |
11.11.2024 | IRS creates IRC Section 83(b) election form (2024-2073) |
10.02.2024 | Employers should confirm their Affordable Care Act affordability safe harbors for 2024 (2024-1807) |
10.01.2024 | US proposed CAMT regulations offer some clarification, but AFSI adjustments are significantly complicated (2024-1798) |
09.09.2024 | ACA affordability percentage increases after three years of decreases (2024-1657) |
08.12.2024 | IRS gives update on processing of employee retention credit claims (2024-1539) |
08.06.2024 | IRS extends due dates for filing tax returns and making tax payments to February 3, 2025, for victims of Hurricane Beryl (2024-1504) |
06.18.2024 | Increased PCORI fee of $3.22 per covered life due by July 31, 2024 (2024-1214) |
04.18.2024 | IRS clarifies that eligible work-life referral services are a nontaxable fringe benefit (2024-0815) |
04.15.2024 | Much-anticipated proposed regulations on stock repurchase excise tax follow earlier guidance with some modifications, including to funding rule, redemptions (2024-0786) |
03.21.2024 | Employers receiving name/TIN mismatches during ACA AIR transmission should put a system in place to avoid or mitigate potential IRS penalties (2024-0644) |
03.15.2024 | President's FY 2025 budget includes proposals affecting accounting methods and calculation of taxable income, as well as certain fossil fuel credits (2024-0619) |
03.11.2024 | Biden FY2025 Budget calls for corporate, individual tax increases (2024-0578) |
02.27.2024 | IRS announces plans to begin audits on the use of business aircraft by high-income taxpayers (2024-0477) |
02.22.2024 | IRS announces continuation of pilot program giving qualified retirement plan sponsors chance to review and correct plan documents and operations (2024-0448) |
02.22.2024 | Employers seeing increased Affordable Care Act penalties for 2021 and may continue to do so (2024-0442) |
02.15.2024 | Penalties for failing to offer affordable health care with minimum coverage decrease for 2025 (2024-0412) |
Key U.S. Individual Taxation developments, 2024 |
12.19.2024 | US Court of Federal Claims again holds that US citizen may offset net investment income tax with treaty-based credit under US - Canada income tax treaty (2024-2350) |
10.23.2024 | IRS releases standard deductions and exclusions for 2025, including estate and gift tax (2024-1952) |
10.16.2024 | IRS issues final regulations identifying certain syndicated conservation easement transactions as listed transactions (2024-1902) |
10.16.2024 | IRS issues final regulations identifying certain syndicated conservation easement transactions as listed transactions (2024-1901) |
08.23.2024 | IRS issues proposed regulations updating the qualified domestic trust regulations (2024-1596) |
08.11.2024 | S corporation did not lose its status due to misappropriated distributions, leaving shareholder liable for taxes on income he never received (2024-1526) |
06.24.2024 | Supreme Court holds closely held corporation's value is not reduced by an obligation to redeem shares (2024-1249) |
04.08.2024 | Court found stock transferred to a taxpayer was not qualified small-business stock, but left open the possibility of other shares remaining eligible (2024-0755) |
03.22.2024 | Biden Administration's FY 2025 budget and Green Book proposals address partnership issues relevant to alternative asset management funds and BBA proceedings (2024-0671) |
03.18.2024 | IRS issues final regulations with few changes on direct-pay elections for certain energy credits under IRC Section 6417 and advanced manufacturing investment credits under IRC Section 48D (2024-0624) |
03.15.2024 | Taxes on businesses and high-net-worth individuals would increase significantly under Biden Administration's FY 2025 Budget proposal (2024-0621) |
03.11.2024 | Biden FY2025 Budget calls for corporate, individual tax increases (2024-0578) |
02.27.2024 | IRS announces plans to begin audits on the use of business aircraft by high-income taxpayers (2024-0477) |
01.04.2024 | Staffing agency satisfied qualified-trade-or-business requirement for purposes of IRC Section 1202 gain exclusion (2024-0120) |
Key U.S. Indirect Taxation developments, 2024 |
08.12.2024 | IRS gives update on processing of employee retention credit claims (2024-1539) |
07.18.2024 | IRS releases guidance on application process for IRC Section 45Z clean fuel production credit (2024-1404) |
07.12.2024 | IRS issues final regulations on IRC Section 5000D excise tax reporting requirements (2024-1364) |
06.14.2024 | IRS outlines registration requirements for IRC Section 45Z clean fuel production credit (2024-1193) |
04.15.2024 | IRS releases proposed regulations with the procedure for reporting and paying stock repurchase excise tax (2024-0785) |
02.27.2024 | IRS announces plans to begin audits on the use of business aircraft by high-income taxpayers (2024-0477) |