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Final regulations adopt ‘family-friendly’ health care affordability test
For purposes of the Sec. 36B premium tax credit, T.D. 9968 bases affordability of employer-offered coverage of an employee’s family members on the cost of family coverage rather than, as previously, the employee’s self-only coverage.
IRS raises per diem standard rates for business travel
Under Notice 2022-44, the high-low method rates are slightly higher and the list of high-cost localities in the continental United States is revised, both effective Oct. 1, 2022.
AICPA again critiques new IRS requirements for R&D credits
In a second letter, the AICPA takes issue with broad new documentation requirements for refund claims involving the Sec. 41 credit, outlined in an IRS memo in fall 2021.
R&D credit claim transition period extended
Taxpayers now have until Jan. 10, 2024, to supply missing information within 45 days of submitting a Sec. 41 research and development credit refund claim under new requirements.
To comment on this column, contact Paul Bonner, the JofA’s tax editor.
