Can a Qualified Educational Assistance Program Be Used to Repay Employees’ Student Loans?
QUESTION: Many of our company’s employees have student loans. Could we help them repay those loans using a qualified educational …
Thomson Reuters Tax & Accounting News
Tax Pros Discuss OBBB State Conformity Challenges
As states scramble to adjust their laws after major changes to the federal tax code under the One Big Beautiful …
A Fix May Be Coming for the Rule That Can Make Companies Look Riskier Overnight
A little-known accounting rule could be making companies look broke — and the rule-setters may finally fix it for both …
D.C. Attorney General Finds House Joint Resolution Did Not Repeal Legislation Amending IRC Conformity
By Denis Del Bene, JD, LL.M., Checkpoint News The D.C. Office of the Attorney General (OAG) has issued an opinion …
IRS Releases Schedule, Instructions for New OBBB Individual Deductions
The IRS has published new Schedule 1-A that taxpayers will use for tax year 2025 to claim the One Big Beautiful Bill …
As Boomers Retire, Pressure Mounts to Expose Employee Stock Buyback Obligations
A retirement plan that runs on company stock can turn into a company’s next liquidity crisis — and U.S. accounting …
Income Tax Disclosure Rules Put Pressure on Corporate Data Systems
New financial disclosure requirements from the Financial Accounting Standards Board (FASB) are intended to provide investors with greater transparency into …
Dems Push to Overturn IRS Rule on Solar, Wind Tax Credits
A group of Senate Democrats introduced a resolution to disapprove of IRS guidance that changes the requirements for wind and …
Audit Enforcement Actions Fall Sharply in 2025 Amid SEC and PCAOB Leadership Changes—Report
Enforcement activity against auditors fell sharply in 2025, marking a dramatic shift in the regulatory landscape as both the Securities …
How the Latest CAMT Guidance Impacts the R&E Deduction
The IRS provided additional guidance on the corporate alternative minimum tax (CAMT) last week – including an important update for …
SCOTUS Considers Constitutionality of State Tax Foreclosure Practices
The U.S. Supreme Court heard oral arguments February 25 in a case that could reshape how states handle tax foreclosures …
HHS Issues Updated Model Notices of Privacy Practices and Announces Part 2 Enforcement Program
Model Notices of Privacy Practices; Office for Civil Rights Announces Civil Enforcement Program for Confidentiality of Substance Use Disorder Patient …
A Tale of Two Above the Line Deductions
By Lynn Bossenbroek, CPA The One Big Beautiful Bill Act (“the 2025 Act”), introduced several important modifications to increase charitable …