Connecticut discusses conformity to federal research, experimental expenditures
By Jennifer J. Troyer, JD, Checkpoint News The Connecticut Department of Revenue Services has issued guidance discussing the state’s conformity …
Thomson Reuters Tax & Accounting News
Corporate Transparency Act challenges still pending as SCOTUS term wraps up
The U.S. Supreme Court wrapped up its October 2025 term last week but has yet to reveal whether it will …
House taxwriters approve taxpayer rights, administrative bill package
The House Ways and Means Committee has approved a package of seven bills aimed at protecting taxpayer rights, improving IRS …
Salary alone can mask the true cost of global hiring, study finds
For employers evaluating international hiring opportunities, salary is often the first number examined. But according to a new study comparing employment costs …
New U.S. accounting proposal could lower values for shares funds can’t sell
When an investment company owns shares it is contractually barred from selling, should those shares still be valued as if …
Ways and Means meets on sports tax issues, from NIL to stadium subsidies
The House Ways and Means Committee held a hearing June 30 to review federal tax policy in the multibillion-dollar sports …
PCAOB seeks public input on standard-setting priorities for the first time
The Public Company Accounting Oversight Board (PCAOB) issued a request for public comment on June 23, 2026, seeking input on its standard-setting …
Are Fringe Benefits Exempt From FICA Taxes If They Are Not Subject to Federal Income Tax?
QUESTION: If employees don’t have to pay federal income tax on a fringe benefit because the benefit isn’t treated as …
Researchers link IRS staffing cuts, reporting gaps to weaker compliance
Reductions to the IRS workforce and the current design of information reporting both hamper voluntary compliance and the tax gap, …
Maryland provides Washington County target redevelopment area sales and use tax exemption
By Saleem A. Shareef, Esq., Checkpoint News On May 26, 2026, Maryland Governor Wes Moore signed legislation that provides a …
CFOs warned not to book that tariff refund until the cash is in the bank
Manufacturing companies potentially owed tariff refunds are being told by their accountants to slow down — because recording money that …
Senators split over tax fixes as Social Security insolvency looms
The Senate Finance Subcommittee on Social Security, Pensions, and Family Policy met June 24, to weigh the future of Social …
Global tax complexity outpaces simplification, survey finds
Rising complexity and compliance burdens pose the biggest tax policy challenge for global businesses, according to a Deloitte survey of 1,010 tax …