New Rule Provides Broad Exemptions From Beneficial Ownership Reporting
Treasury’s Financial Crimes Enforcement Network (FinCEN) released an interim final rule Friday that will apply the Corporate Transparency Act’s beneficial …
Thomson Reuters Tax & Accounting News
What Health Coverage Must Be Offered to Avoid or Minimize Employer Shared Responsibility Penalty Exposure?
QUESTION: We are an employer subject to Code § 4980H. In order to avoid employer shared responsibility penalties, what health …
Judge Blocks DOGE From Treasury Records
The Treasury Department, Office of Personnel Management (OPM), and the Department of Education are enjoined from disclosing personal identifying information …
Member Ho Gives PCAOB a Bad Grade
Public Company Accounting Oversight Board (PCAOB) member Christina Ho said she is giving the board “a low grade” for standard-setting …
OPM Appeals Employee Reinstatement Order in Supreme Court
After an unsuccessful attempt at the circuit level, the Trump administration asked the U.S. Supreme Court to block a federal …
Cybersecurity Tips for Tax Season
With new and ongoing data security threats, a cybersecurity expert offers his advice for protecting taxpayer data this filing season. …
IRS Recommends Electronic Options for Tax Filing and Payment
As the April 15 tax deadline nears, the IRS urged taxpayers to use electronic filing and payment options available on …
Judge Declines to Block IRS From Sharing Immigrant Data; Dems Sound Alarm
A Trump-appointed federal judge denied immigrant rights advocacy groups’ motion to temporarily enjoin the IRS from sharing tax records with …
Florida Businessman, Companies to Pay $20 Million for Fraudulent Loans
The US Department of Justice announced on March 12 that Patrick Walsh, a Florida businessman currently incarcerated, along with ten companies he …
Home Sweet New Tax Home
Hilari Pickett March 20, 2025 Practitioner’s Tax Action Bulletin® Advisory Tax practitioners frequently consult with clients who are moving, or …
Credits for Private School Contributions a ‘Classic’ Tax Shelter, Researcher Says
A proposal to provide tax credits equal to 100% of charitable contributions to certain nonprofit organizations that distribute donations in …
Who Must Receive SPDs for ERISA Health and Welfare Plans?
QUESTION: We are reviewing the SPD procedures for our ERISA health and welfare plans and need some guidance. Who must …
Paying for Tax Cut Extensions: Medicaid
A contentious topic in tax reform discussions is whether — and to what extent — Medicaid spending cuts will be …