OBBB Enhancements to Qualified Small Business Stock Rules
The One Big Beautiful Bill Act (OBBB) enhanced the federal tax exclusion for certain gain from qualified small business stock …
Thomson Reuters Tax & Accounting News
Christina Ho Will Not Seek Second Term at PCAOB, Citing Need for Fresh Leadership
As the Securities and Exchange Commission (SEC) vets candidates to serve as members of the Public Company Accounting Oversight Board …
Crypto Expert Talks Tax Loss Harvesting While Staying Compliant
Shehan Chandrasekera, head of tax strategy at CoinTracker, offered practical advice on how digital asset holders can optimize tax outcomes …
Accounting Degrees Downgraded by US Education Dept, Sparking Outrage
A seismic policy shift by the U.S. Department of Education, reclassifying accounting degrees as ‘non-professional’ and drastically cutting federal loan …
What Is the Mandatory Roth Requirement for Catch-Up Contributions?
QUESTION: We know that the SECURE 2.0 Act requires us to treat certain catch-up contributions made to our 401(k) plan …
House Passes Two Taxpayer Protection Bills
The House passed two bipartisan bills aimed at strengthening taxpayer rights on December 1 – the Fair and Accountable IRS …
New Mexico Student Housing Project for State University Subject to Property Tax
By Lisa Lopata, Esq., Checkpoint News The New Mexico Court of Appeals held that a university student housing project was …
Charitable Deduction Unpacked – Individual Itemizers
On Giving Tuesday, here’s what to know about how the charitable deduction will change next year – and how professionals …
Court Upholds IRS Lien Against Maryland Company Over Unpaid Taxes
The Tax Court has upheld the IRS’ federal tax lien against Horizon Health Services, Inc., a Maryland-based corporation, after finding …
Senate Funding Plan for IRS, SEC Unveiled
Senate appropriators released their fiscal year 2026 funding plan for Treasury, the IRS, and the SEC on November 24, 2025. …
Newly Issued US Hedge Accounting Rules Reshape How Businesses Track Financial Risk
The Financial Accounting Standards Board (FASB) has introduced new hedge accounting rules for how companies report on complex financial tools …
COBRA Claim Dismissed Absent Proof That Former Employee Was Harmed by Insufficient Notice
Marrow v. E.R. Carpenter Co., Inc., 2025 WL 3209652 (M.D. Fla. 2025) A former employee filed a proposed class action …
California Subjects Digital Financial Assets to Unclaimed Property Law
By Saleem A. Shareef, Esq., Checkpoint News On October 11, 2025, California Governor Gavin Newsom signed legislation that subjects digital …