Inside Tax-exempt Status Audits, Revocation Challenges
A panel of tax law experts and Tax Court judges at the American Bar Association (ABA) Virtual Fall Tax Conference …
Thomson Reuters Tax & Accounting News
Ghosts on the Ledger: How Payroll Analytics Can Help Exorcise Phantom Employees and Employers
Payroll fraud may not be the stuff of horror movies, but it’s enough to keep payroll professionals awake at night—especially …
Experts Offer Tips on R&E Expensing Post-OBBB
Businesses can once again immediately expense their domestic research and experimental (R&E) expenditures after the One Big Beautiful Bill Act …
AICPA Issues Technical Q&As on Technology Use in Financial Statement Audits
The AICPA on October 23, 2025, published technical questions and answers (TQA) section 8400, Use of Technology in an Audit …
SSA Announces Social Security Taxable Wage Base for 2026
SSA Press Release: Social Security Announces 2.8 Percent Benefit Increase for 2026 (Oct. 24, 2025); SSA Fact Sheet: 2026 Social …
Post-OBBB Wind and Solar Credit Pitfalls to Avoid
After the One Big Beautiful Bill Act (OBBB) and recent IRS guidance, practitioners will need to shift their strategy to …
New Mexico Updates Guidance on State and Federal Tax Extensions
By Lisa Lopata The New Mexico Taxation and Revenue Department (TRD) has issued information on IRS disaster relief tax payment …
Tax Pros Anxiously Await Guidance on New Overtime Deduction
A new temporary above-the-line deduction for overtime pay, enacted as part of the One Big Beautiful Bill Act (OBBB), is …
Tax Industry Leaders Brace for ‘Perfect Storm’ in Upcoming Filing Season
Tax industry leaders warned of a confluence of challenges in the upcoming filing season, between the government shutdown, retroactive tax …
2025 Tax Act Myths: Social Security Tax Rules Unchanged – New Senior Deduction
October 23, 2025 Background Since the passage of the 2025 Act (formerly known as the One Big Beautiful Bill Act), …
Keeping Up With Seismic Shifts at IRS as Shutdown Continues
Tax professionals at concurrent events this week examined the government shutdown, shifts at the IRS and its enforcement priorities, and …
Audit Firms Back PCAOB QC Standard Delay; Investors Warn Against Using Deferral for Rule Revisions
All accounting firms that wrote comment letters said they support the Public Company Accounting Oversight Board’s (PCAOB) decision to postpone …
Agency FAQs (Part 72) Clarify How Fertility Benefits May Be Offered As Excepted Benefits
FAQs About Affordable Care Act Implementation Part 72 (Oct. 16, 2025) FAQs Fact Sheet The DOL, HHS, and IRS have issued …