Arkansas Cuts Individual and Corporate Income Tax Rates
By James W. O’Brien, Esq., Checkpoint News Arkansas Governor Sarah Huckabee Sanders has signed legislation that reduces the top individual …
Thomson Reuters Tax & Accounting News
Foreign Gift Penalty Suit Partially Survives IRS Attempt to Dismiss
A federal judge has ruled that the IRS has the statutory authority to assess penalties for failing to report large …
5th Circuit holds U.S. FTC’s in-house adjudication of deceptive advertising claim unconstitutional under Jarkesy
By David Carpenter, Esq., Gordon Todd, Esq., and Kenneth Coffin, Esq., Sidley Austin LLP On March 20, 2026, the U.S. …
CPAs Seek Relief on Expanded Executive Compensation Tax
The American Institute of Certified Public Accountants (AICPA) is calling on the IRS to issue immediate transition relief and guidance …
Senate Bill Takes Aim at Corporate Transparency Act
A group of Republican senators has introduced legislation to limit beneficial owner information reporting requirements to foreign entities and owners. …
What Is the Status of the ACA’s Insured Health Plan Nondiscrimination Requirements?
QUESTION: We recall that the Affordable Care Act (ACA) requires insured group health plans to satisfy nondiscrimination rules similar to …
Benefits of CTC Expansion Bill Vary by Family Type, Analysts Find
A Tax Policy Center (TPC) analysis of the proposed Family First Act (FFA) finds the legislation would reduce taxes for …
SEC Proposes Optional Semiannual Reporting for Public Companies
The Securities and Exchange Commission (SEC) on May 5, 2026, issued a rule proposal that would give public companies the …
Maryland Amends MPU Sales and Use Tax Certificate Provisions for Digital Products or Services
By Saleem A. Shareef, Esq., Checkpoint News On April 28, 2026, Maryland Governor Wes Moore signed legislation that amends the …
Expert Warns ‘Giant Mergers’ Bill Could Affect Mid-Market Deals
A proposed bill aimed at ending tax-free reorganizations for large corporations could have unintended consequences for a broad range of …
Multistate Tax Trends: Former FTB Attorney Shail Shah on California Controversy and Planning Strategies
Multistate tax practice is always evolving. The Catalyst state team stays on top of trends, frequently consulting with SALT practitioners …
Earned Wage Access Raises Renewed Questions Under IRS Constructive Receipt Rules
Earned wage access (EWA) programs allow employees to draw a portion of wages already earned before a scheduled payday and …
PCAOB Investor Advisory Group Seeks Nominations for Best Critical, Key Audit Matters in 2025 Filings
For the third year in a row, the Public Company Accounting Oversight Board (PCAOB) Investor Advisory Group (IAG) is inviting the public …