Search Results for citation:"89 FR 96143"

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Search Results: citation:"89 FR 96143"

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  • 2024-28217 — Corporate Alternative Minimum Tax Applicable After 2022
    Type:Proposed Rule
    Citation:89 FR 96143
    Reading Time:about 5 minutes

    The Internal Revenue Service (IRS) has extended the deadline for submitting comments on proposed regulations about the corporate alternative minimum tax. Originally due by December 12, 2024, comments are now accepted until January 16, 2025. However, the deadline to request to speak at a public hearing on the regulations remains December 12, 2024, and the hearing itself will still take place on January 16, 2025. Interested individuals can submit their comments electronically via the Federal eRulemaking Portal or by mail.

    Simple Explanation

    The IRS wants to hear what people think about new tax rules for big companies, and they've made more time for people to send in their thoughts. People have until January 16, 2025, to write in, and the discussion about it will happen on the same day.

  • 2024-28358 — Definition of the Term “Coverage Month” for Computing the Premium Tax Credit; Hearing Cancellation
    Type:Proposed Rule
    Citation:89 FR 96143
    Reading Time:about a minute or two

    The Internal Revenue Service (IRS) has canceled a public hearing that was supposed to take place on December 13, 2024. The hearing was on a proposed rule to change the definition of a “coverage month” and other related rules for calculating a person's premium tax credit. Since no one requested to testify at the hearing, it has been called off. The initial notice for this hearing was published in the Federal Register on September 17, 2024.

    Simple Explanation

    The IRS was going to have a meeting about changing some rules, but because nobody said they wanted to talk at the meeting, they decided not to have it.