Wealth Planning Expert’s Advice on New Charitable Giving Floors
New charitable deduction floors under the One Big Beautiful Bill (OBBB) are lesser-known provisions that may sneak up on unprepared …
Thomson Reuters Tax & Accounting News
What Are Our Company’s Obligations to a Former Employee Receiving COBRA Coverage Who Has Been Called to Active Duty in the Uniformed Services?
QUESTION: A former employee who left our company a year ago has been receiving COBRA coverage under our major medical …
SEC Order Exempts Certain Foreign Jurisdictions From Executive Stock Ownership Disclosure
The Securities and Exchange Commission (SEC) on March 5, 2026, issued an order granting directors and officers of foreign private …
Downsized IRS to Shift Towards ‘Fewer’ but ‘Deeper’ Audits, Former Officials Say
The IRS is navigating human capital challenges brought on by a decade of workforce reductions, forcing the agency to pivot …
CFOs Break the Silence: First Broad Survey in Decades Shows How Private Firms Really Report
Private firms, especially smaller ones, aren’t required to follow public-company accounting rules—but many do anyway. A new survey of 542 CFOs at …
IRS Provides Details on Trump Account Elections, Pilot Contributions
The IRS released proposed regulations detailing how to elect open a Trump account on behalf of an eligible beneficiary and …
Proposed IRS Regs Offer Alternate E-Furnishing Option for Digital Asset Broker Statements
The IRS has issued proposed regs that would give digital asset brokers an optional, streamlined process for electronically furnishing a new information return …
Form 1099-DA Debut Will Test Broker, Taxpayer Readiness in Transition Year
Digital asset brokers and taxpayers are expected to face some growing pains with this tax season’s debut of a new …
‘When Workers Cash Out’: FASB Panel Launches Review of ESOP Buyback Warnings
When uncertainty hits, employees don’t always sit tight. They cash out. That reality — people wanting their money when headlines …
Can a Qualified Educational Assistance Program Be Used to Repay Employees’ Student Loans?
QUESTION: Many of our company’s employees have student loans. Could we help them repay those loans using a qualified educational …
Tax Pros Discuss OBBB State Conformity Challenges
As states scramble to adjust their laws after major changes to the federal tax code under the One Big Beautiful …
A Fix May Be Coming for the Rule That Can Make Companies Look Riskier Overnight
A little-known accounting rule could be making companies look broke — and the rule-setters may finally fix it for both …
D.C. Attorney General Finds House Joint Resolution Did Not Repeal Legislation Amending IRC Conformity
By Denis Del Bene, JD, LL.M., Checkpoint News The D.C. Office of the Attorney General (OAG) has issued an opinion …