IRS eases reporting, recordkeeping on dyed diesel
The IRS has announced that it will not challenge temporary failures to meet return-filing, reporting, or recordkeeping requirements that arise …
Thomson Reuters Tax & Accounting News
Payroll year-end can expose the problems employers have been carrying all year, expert warns
The final payroll of 2026 may be weeks away, but many of the mistakes that can complicate year-end have already …
Tax pros urge annual reasonable compensation reviews for S corps
Tax professionals should document reasonable compensation for S corporation owners every year as California turns to algorithms to flag low …
How Should We Handle Cafeteria Plan Election Changes Requested After Open Enrollment but Before the New Plan Year?
QUESTION: Our company has a calendar-year cafeteria plan with a premium payment feature, a health FSA, and a DCAP. Shortly …
State payroll audits put work location, remote workers and compensation sourcing under the microscope
An employee works a few days in another state. A remote worker changes where they perform their job. A bonus …
Taxpayer Receipt of Staking Rewards
Background On 6/4/26, the U.S. Tax Court held that cryptocurrency staking rewards received by a taxpayer were includible in gross …
Maryland amends local urban agricultural property tax credit
By Carlton Huntley, JD, LLM, Checkpoint News Maryland Governor Wes Moore signed legislation that changes the eligibility criteria and procedures …
Scholarship groups should prepare for compliance now, tax pro says
Organizations hoping to receive contributions that qualify for the new federal scholarship tax credit should build their compliance systems now …
California business owner pleads guilty to evading $6.7 million in taxes
A California business owner pleaded guilty to federal tax evasion after hiding millions of dollars in income from marketing sham …
Rule on credit, debit card payment of tax finalized
The IRS has finalized a rule that allows it to directly accept tax payments via credit and debit card without …
Big Four urge SEC to approve PCAOB’s QC standard rollback; investors push back
Big Four accounting firms in comment letters urged the Securities and Exchange Commission (SEC) to approve the Public Company Accounting …
IRS suspends dyed diesel penalties following executive order
The IRS announced nationwide relief from highway excise tax penalties for dyed diesel fuel, acting in response to an October …
New IRS Medical Expenses FAQ Addresses Wearable Devices
Frequently Asked Questions About Medical Expenses Related to Nutrition, Wellness, and General Health, Q/A-15 (added Sept. 23, 2026) Available at …