House Committee Moves on Yet Another Tax Administration Bill
On Wednesday, the House Ways and Means Committee advanced a bipartisan bill that would require the IRS to adopt modern …
Thomson Reuters Tax & Accounting News
IRS Provides Guidance on Post-OBBB Bonus Depreciation
The IRS issued guidance clarifying elections available to taxpayers after the One Big Beautiful Bill Act made 100% bonus depreciation …
After ‘A Thousand’ Conversations, PCC Chair Presses for Faster Route to FASB
The chair of the Private Company Council (PCC)—the Financial Accounting Standards Board’s primary advisory group on private-company reporting—says the council …
Ex-SEC Chief Accountant Warns Senate Crypto Bill Could Trigger Next FTX
As the Senate Banking Committee convenes today, January 15, 2026, to mark up the Digital Asset Market Clarity Act, former …
Updated HRSA Guidelines Expand Preventive Health Services Mandate for Cervical Cancer Screening
HHS Notice: HRSA Update to the Women’s Preventive Services Guidelines, 91 Fed. Reg. 283 (Jan. 5, 2026) Available at https://www.govinfo.gov/content/pkg/FR-2026-01-05/pdf/2025-24235.pdf …
CFPB Advisory Opinion Clears Path for Employer‑Integrated EWA, Setting Stage for Wider Adoption in 2026
The Consumer Financial Protection Bureau (CFPB) issued an advisory opinion concluding that specific employer‑integrated earned wage access products—where advances are limited to …
Loper Bright Has Not Yet Led to an Anti-Reg ‘Tsunami,’ Legal Experts Say
Leading tax and administrative law experts unpacked evolving regulatory challenges following the Supreme Court’s landmark decision in Loper Bright, which overruled …
Accounting Professor Eli Bartov Under Consideration for PCAOB After High-Profile Trump Fraud Trial—Sources
NYU accounting professor Eli Bartov—who testified as a key defense expert witness for then-President Donald Trump in a civil fraud …
Maryland Comptroller Alerts Taxpayers of Impact of OBBB on IRC Conformity
By Saleem A. Shareef, Esq., Checkpoint News The Maryland Comptroller’s Office has alerted income taxpayers of the impact of the …
Treasury Touts Deregulation While Experts Warn of Risks
Amid the Trump administration’s deregulatory efforts, some tax experts cautioned that revamping and simplifying rules could lead to greater uncertainty …
Outlook 2026: Is the IFRS Foundation Biting Off More Than It Can Chew?
The IFRS Foundation, the influential body responsible for global accounting and sustainability reporting standards, has entered 2026 seemingly at a …
Former IRS Chiefs Gauge Tax Season Readiness
A panel of former top IRS and Justice Department officials at the D.C. Bar Tax Conference January 7 warned of …
IRS Proposes New Backup Withholding Rules for Third-Party Network Transactions
The IRS has issued proposed regulations that would update backup withholding rules for third-party network transactions. These changes reflect recent …