ASAE and other members of the UBIT Coalition continue to urge the Treasury Department to retroactively delay implementation of a provision in the new tax law that taxes transportation and parking benefits provided by many employers. The fringe benefits provision removes a deduction for employer-provided benefits such as transportation, parking and on-premises athletic facilities. In… Read more »

For its efforts to foster a better-educated and informed society, Institute of Food Technologists (IFT) has earned 2018 ASAE Power of A Summit Award for its documentary, Food Evolution. The film explores food-related challenges we face globally, the critical role that science will play in addressing them, and the public perceptions and misperceptions involving the… Read more »

Business leaders are warning that the trade tariff policies implemented by the Trump administration are likely to trigger a global trade war that will hit U.S. industries and consumers hard. The White House has pledged to implement tariffs on $34 billion in Chinese products on Friday, and the Chinese government said this week it has… Read more »

Significant cuts to the IRS’s budget over the years combined with the need to implement the 2017 tax law have stretched the IRS critically thin, according to National Taxpayer Advocate Nina Olson. Olson released her mandated mid-year report to Congress last week that included a review of the 2018 filing season and a list of… Read more »

Category: IRS

Industry groups are mobilizing against California’s new data privacy law, which they say was rushed through the state legislature and quickly signed last week by Gov. Jerry Brown. The far-reaching law, which doesn’t take effect until 2020, is similar to new European Union standards for data privacy that took effect in May. The California Consumer… Read more »