6th Circuit rules property tax foreclosure can be avoided as preferential transfer under Bankruptcy Code
By Bethany D. Simmons, Esq., and Noah Weingarten, Esq., Loeb & Loeb LLP In Reinhardt v. Prince (In re Reinhardt), 177 F.4th 684 …
Thomson Reuters Tax & Accounting News
PCAOB issues first enforcement order since January with Hong Kong audit firm sanctions
The Public Company Accounting Oversight Board (PCAOB) revoked the registration of Hong Kong-based Zhen Hui Certified Public Accountants and barred …
Multistate Tax Trends: SALT Litigator Zachary Milliken on Texas Franchise Tax Mistakes, AI Sales Tax Risks, Successful Dispute Resolution, and the Future of State Tax Audits
Rebecca Newton-Clarke, J.D., Catalyst Executive Editor, Checkpoint News Multistate tax practice is always evolving. The Catalyst state team stays on …
Appeals officer did not abuse their discretion sustaining levy against non-compliant taxpayer
The Tax Court found that an Appeals officer properly sustained a proposed levy for a taxpayer’s 2016 unpaid taxes, because …
IRS Announces Indexing Adjustments for 2027 ACA Affordability and Premium Tax Credit Determinations
Rev. Proc. 2026-26 (July 21, 2026) Available at https://www.irs.gov/pub/irs-drop/rp-26-26.pdf The IRS has announced 2027 indexing adjustments for important percentages under …
South Carolina enacts “Heirs’ Property Tax Relief Act”
By Maria T. Albanese, JD, LL.M, Checkpoint News South Carolina has enacted the “Heirs’ Property Tax Relief Act”, which creates …
Appeals court upholds disallowance of $23 million conservation easement deduction
The 11th Circuit U.S. Court of Appeals has affirmed that a taxpayer grossly overvalued a conservation easement on a tract …
PCAOB unveils draft strategic plan for 2026–2030, seeks public feedback
The Public Company Accounting Oversight Board (PCAOB) voted unanimously on July 20, 2026, to seek public comment on its proposed …
Federal Student Loan Financial Aid Updates
Background For decades, the federal government has been the primary source of financial aid for students pursuing post-secondary education. Authorized …
August 2026 Applicable Federal Rates released
The IRS has released the Applicable Federal Rates (AFRs) for August 2026, providing various prescribed interest rates for federal income …
Soccer’s biggest transfers are more than superstar deals — they’re balance-sheet events
Soccer’s transfer market has always been famous for its biggest names — Neymar, Kylian Mbappé, Jude Bellingham, Ousmane Dembélé. But …
Amicus briefs urge 5th Circuit to resurrect suit challenging Johnson Amendment
Multiple groups have filed friend-of-the-court briefs with the 5th U.S. Circuit Court of Appeals, arguing that a district court wrongly …
CBO estimates FY 2026 budget deficit hits $1.4 trillion
The Congressional Budget Office (CBO), in its latest budget review, now estimates the fiscal year 2026 federal budget deficit reached …