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 …
Thomson Reuters Tax & Accounting News
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 …
When Is a Home Sale Really Tax-Free?
According to the National Association of Realtors, over four million existing U.S. homes were sold in 2025, with a median …
DOL Clarifies Scope of ERISA Application to Trump Accounts, Related Employer-Facilitated Contribution Programs
DOL Technical Release 2026-02, Trump Accounts (June 17, 2026); DOL News Release, U.S. Department of Labor Issues Guidance Clarifying Trump …
IRS Office of Professional Responsibility issues guidelines on AI use in tax practice
The IRS Office of Professional Responsibility (OPR) has released new introductory guidelines clarifying how existing professional standards under Circular 230 …
Former PCAOB board member calls for sweeping reforms to audit regulator
A former member of the Public Company Accounting Oversight Board (PCAOB) is calling for major reforms to the audit regulator, …
Sanders calls for tax on ‘systemically important AI activity,’ payable in equity
Senator Bernie Sanders (I-VT) has proposed a remittance tax on certain artificial intelligence companies amounting to 50% of the company’s …
Qualified Opportunity Zone transitional guidance issued
The IRS released transitional guidance on Qualified Opportunity Zones (QOZs) following recent legislative changes. The guidance addresses how investors and …
After clean energy credit eligibility ruling, tax pro advises ‘staying the course’
Earlier this month, the U.S. District Court for the District of Columbia vacated Treasury guidance that had limited options for …
Companies brace for Strait of Hormuz cost shock as accounting questions mount
A possible Strait of Hormuz cost spike is pushing companies to review their contracts as higher oil, freight, tariff, and …
As trust fund nears insolvency, SSA chief actuary shares options
The Social Security Administration’s (SSA) Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement benefits, is now projected to …