IRS FY 2026 Plans Heavy on OBBB Implementation
On the eve of the government shutdown, the IRS released its 2025-2026 Priority Guidance Plan for fiscal year 2026 – of 105 …
Thomson Reuters Tax & Accounting News
IRS Furloughs Begin
Wednesday marked the sixth business day of the government shutdown, with the IRS giving notice of an agency-wide furlough. The …
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 …
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 …