California updates IRC conformity provisions
By Saleem A. Shareef, Esq., Checkpoint News California Gavin Newsom has signed legislation that updates the IRC conformity provisions. In …
Thomson Reuters Tax & Accounting News
Experts unpack rules for employer Trump account contributions
Tax and benefits experts analyzed recently proposed regulations that provide details on employer Trump Account Contribution Programs (TACPs). The proposal …
From Conservation Easements to Opportunity Zones: The Next Valuation Battle?
Background Two areas of tax law that, at first glance, appear unrelated (i) conservation easement deductions and (ii) Qualified Opportunity …
Court tosses challenge to IRS ‘lock-in’ withholding letters
A federal district court has dismissed a suit brought by two wage earners who sought to block the IRS from …
Digital tip prompts test wage-and-hour compliance rules
A customer taps a preset percentage on a checkout screen, but who has legally earned the resulting tip? That question …
Outsourcing payroll does not necessarily transfer employment tax risk, executive says
Employers may outsource payroll processing, tax calculations, return preparation, and tax deposits, but they should not assume that doing so …
2nd Circuit sides with government in limited partner tax dispute
The definition of “limited partner” for purposes of the self-employment tax exclusion hinges on a partner’s management and control activities, …
AI won’t fix broken finance departments — CFOs say the real work is on them
Artificial intelligence is handing finance chiefs powerful new tools — but it can’t clean up a mess built on “sticky …
SEC faces delays on semiannual reporting proposal amid record number of comment letters
When the Securities and Exchange Commission (SEC) in May issued a proposal that would give public companies the option to …
Group says government is ignoring ‘constitutional elephant’ in Corporate Transparency Act dispute
The National Small Business Association urged the Supreme Court to review the Corporate Transparency Act’s (CTA) constitutionality, arguing in a …
Solid Business Records Defeat COBRA Claim
A former employee sued her employer, asserting (among other claims) that the employer failed to send her a COBRA election …
AI ‘co-pilot’ for rural clinics gets $26.5 million federal shot — but the savings are still a question mark
A $26.5 million federal bet is putting artificial intelligence in the exam room — with a goal of bringing more …
Multistate Monitor — State R&E conformity creates confusion, complexity for business
The federal rules for deducting research and development costs are settling after changes under the One Big Beautiful Bill Act. …