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On June 15, 2023, the IRS released Rev. Proc. 2023-24, List of Automatic Changes, which provides an update to the list of tax accounting method changes a taxpayer may file under the...
McDermott Will and Emery summary of significant Internal Revenue Service IRS guidance and relevant tax matters for the week of June 12 2023 through June 16 2023.
With Democrats gaining control of the White House, the House of Representatives, and, albeit somewhat tenuously, the Senate, there is a growing possibility of legislative changes to the...