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 …
Thomson Reuters Tax & Accounting News
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 …
OECD Side-by-Side Deal Has its Limits, International Tax Pro Says
One cross-border tax attorney sees the Organization for Economic Cooperation and Development’s (OECD) new side-by-side safe harbor as patchwork relief …
‘Very Few Will Read a 200-Page PDF’: GASB Shifts to Short Videos for Elected Officials
Chair Joel Black says the Governmental Accounting Standards Board (GASB) is about to launch a 16-part video series designed to …
SEC Chairman Atkins Expects New PCAOB Members to Bring Board ‘Back to Basics’
At a Washington event, Securities and Exchange Commission (SEC) Chairman Paul Atkins said he is “excited” about the newly appointed …
Unveiling Nonprofit Funding Via Form 990 Reform
Lawmakers from across the political spectrum agreed that Form 990 – annual information reporting required of most tax-exempt organizations – …
Michigan Treasury Department Discusses Impact of Nationwide Agribusiness Case on Insurance Companies
By Peter G. Pupke, Esq., Checkpoint News The Michigan Department of Treasury has issued a release explaining the impact of …