IRS grants filing relief for 2026 FIFA World Cup participants
The IRS has issued new procedural guidance relieving certain foreign FIFA member associations from the requirement to file an annual …
Thomson Reuters Tax & Accounting News
PCAOB staff narrows circumstances for naming issuers in settled enforcement orders
The Public Company Accounting Oversight Board’s (PCAOB) enforcement staff has quietly revised its considerations for recommending whether issuers and broker-dealers …
H&R Block appeals ruling in tax data privacy class action
H&R Block is urging a federal appeals court to reverse a decision that refused to enforce its arbitration agreement, letting …
6th Circuit rules property tax foreclosure can be avoided as preferential transfer under Bankruptcy Code
By Bethany D. Simmons, Esq., and Noah Weingarten, Esq., Loeb & Loeb LLP In Reinhardt v. Prince (In re Reinhardt), 177 F.4th 684 …
PCAOB issues first enforcement order since January with Hong Kong audit firm sanctions
The Public Company Accounting Oversight Board (PCAOB) revoked the registration of Hong Kong-based Zhen Hui Certified Public Accountants and barred …
Multistate Tax Trends: SALT Litigator Zachary Milliken on Texas Franchise Tax Mistakes, AI Sales Tax Risks, Successful Dispute Resolution, and the Future of State Tax Audits
Rebecca Newton-Clarke, J.D., Catalyst Executive Editor, Checkpoint News Multistate tax practice is always evolving. The Catalyst state team stays on …
Appeals officer did not abuse their discretion sustaining levy against non-compliant taxpayer
The Tax Court found that an Appeals officer properly sustained a proposed levy for a taxpayer’s 2016 unpaid taxes, because …
IRS Announces Indexing Adjustments for 2027 ACA Affordability and Premium Tax Credit Determinations
Rev. Proc. 2026-26 (July 21, 2026) Available at https://www.irs.gov/pub/irs-drop/rp-26-26.pdf The IRS has announced 2027 indexing adjustments for important percentages under …
South Carolina enacts “Heirs’ Property Tax Relief Act”
By Maria T. Albanese, JD, LL.M, Checkpoint News South Carolina has enacted the “Heirs’ Property Tax Relief Act”, which creates …
Appeals court upholds disallowance of $23 million conservation easement deduction
The 11th Circuit U.S. Court of Appeals has affirmed that a taxpayer grossly overvalued a conservation easement on a tract …
PCAOB unveils draft strategic plan for 2026–2030, seeks public feedback
The Public Company Accounting Oversight Board (PCAOB) voted unanimously on July 20, 2026, to seek public comment on its proposed …
Federal Student Loan Financial Aid Updates
Background For decades, the federal government has been the primary source of financial aid for students pursuing post-secondary education. Authorized …
August 2026 Applicable Federal Rates released
The IRS has released the Applicable Federal Rates (AFRs) for August 2026, providing various prescribed interest rates for federal income …