Can Our Health FSA Reimburse Expenses Incurred Before the Participant’s Enrollment Date?
QUESTION: Our company has a calendar-year cafeteria plan with a health FSA and a DCAP. One of our health FSA …
Thomson Reuters Tax & Accounting News
Harsh Reactions to New IRS CEO Position
Treasury shared Monday that a new Chief Executive Officer role at the IRS would be filled by the current Social Security Administration …
Rhode Island Decouples from Federal Tax Changes: Employers Must Keep Withholding on Tips and Overtime
Rhode Island has officially decoupled from several provisions of H.R. 1 (One Big Beautiful Bill Act), the federal tax law …
Treasury Taps ‘IRS CEO’ as Agency Navigates Overhaul During Shutdown
With the government shut down and the IRS on a trajectory towards a slimmer workforce, the Treasury Department announced the …
Civil Rights Orgs Confident Ahead of Arguments in IRS-ICE Data Sharing Case
The U.S. Court of Appeals for the D.C. Circuit was scheduled to hear arguments Friday in a case concerning the …
Senate Finance Committee Hears Suggestions on Digital Asset Tax Clarity
Despite the ongoing government shutdown, the Senate Finance Committee held a hearing October 1 to examine the federal tax treatment …
Federal Government Shutdown Raises Payroll and Compliance Concerns
As the federal government enters a shutdown, payroll professionals face a series of potential challenges that could affect compliance and …
Is an SPD Required for Our Company’s Health FSA?
QUESTION: Our company will begin offering a health FSA next year. Will we need to prepare and distribute a summary …
IRS Braces for Shutdown
The IRS has shared its shutdown contingency plan, with an agreement on Fiscal Year 2026 federal funding looking unlikely before the …
District of Columbia Enacts Tax Provisions Regarding RFK Stadium Redevelopment
By Denis Del Bene, Checkpoint News The District of Columbia has enacted the Robert F. Kennedy Campus Redevelopment Emergency Act …
IRS Further Reduces PTIN User Fee
The IRS has issued proposed and interim final rules to reduce the preparer tax identification number (PTIN) user fee from …
PCAOB Investor Panel Selects Best Critical, Key Audit Matters of 2024
The Public Company Accounting Oversight Board’s (PCAOB) Investor Advisory Group (IAG) presented three exemplary critical audit matters (CAMs) or key …
Senators Signal Tax Priorities in Questions to IRS Chief Counsel Nominee
Senate Finance Committee Republicans had a number of questions for IRS Chief Counsel nominee Donald Korb following his confirmation hearing earlier this month – …