Solid Business Records Defeat COBRA Claim
A former employee sued her employer, asserting (among other claims) that the employer failed to send her a COBRA election …
Thomson Reuters Tax & Accounting News
AI ‘co-pilot’ for rural clinics gets $26.5 million federal shot — but the savings are still a question mark
A $26.5 million federal bet is putting artificial intelligence in the exam room — with a goal of bringing more …
Multistate Monitor — State R&E conformity creates confusion, complexity for business
The federal rules for deducting research and development costs are settling after changes under the One Big Beautiful Bill Act. …
PCAOB reorganizes, reverts Investor Advocate role to communications office
The Public Company Accounting Oversight Board (PCAOB) is eliminating its standalone Office of the Investor Advocate and moving the Investor Advocate …
LB&I chief shares priorities, provides workforce updates
IRS Large Business and International (LB&I) Division Commissioner Mabeline Baldwin shared the division’s current priorities and how it’s adjusting to …
Key 2027 figures calculated by Thomson Reuters Checkpoint based on inflation data now available
Many tax, expensing, and penalty figures are adjusted annually for cost-of-living increases. These 2027 inflation-adjusted tax numbers are Thomson Reuters …
D.C. Circuit blocks IRS from sharing taxpayer data with ICE
A federal appeals court has affirmed a preliminary injunction blocking an IRS policy that disclosed thousands of taxpayers’ addresses to …
SEC examines PCAOB’s audit inspections, citing industry concerns, other reasons
The Securities and Exchange Commission (SEC) initiated an examination of the Public Company Accounting Oversight Board’s (PCAOB) audit firm inspection …
Stock sweeteners for departing employees would face stricter accounting under new proposal
Six days after the Financial Accounting Standards Board floated a rule change on how companies must account for modified stock …
Senators decry Treasury refusal to amend private jet valuation rule
A group of senators criticized the Treasury Department for refusing to amend the Standard Industry Fare Level (SIFL) valuation rules …
If a Group Health Plan’s Business Associate Provides HIPAA Breach Notices, Must the Plan Also Send Notices?
QUESTION: A HIPAA business associate for our company’s group health plan experienced a breach of participants’ unsecured PHI and is preparing …
PCAOB scales back quality control standard following audit firm criticism over implementation burden
In response to implementation feedback and concerns about the costs and operability of certain provisions, the Public Company Accounting Oversight …
Bipartisan duo seek to ensure nonprofit status does not constitute ‘government handout’
A new bipartisan bill aims to ensure tax-exempt status does not equate to a federal government grant or subsidy. Proponents …