What Is an Eligible Rollover Distribution?
QUESTION: Our company sponsors a 401(k) plan. As we review the plan’s rollover procedures, we want to confirm our understanding …
Thomson Reuters Tax & Accounting News
Understanding OBBB Enhancements to Employer Leave and Childcare Credits
The One Big Beautiful Bill Act (OBBB) permanently enhanced employer credits for paid family and medical leave and employer-provided childcare. …
Meeting the Moment: How Payroll Teams Can Strengthen Tax Compliance in 2026
Payroll teams enter 2026 facing sharper regulatory pressure than in recent years, as governments tighten reporting rules, adopt structured digital …
Kansas Announces Sales and Use Tax Rate Changes Effective April 1, 2026
By Ashleigh M. Paige, Esq., Checkpoint News Effective April 1, 2026, the combined Kansas state and local sales and use …
Despite Shutdown, IRS Staff to Continue Work
The IRS shared that despite a partial government shutdown, all employees will continue working this week. The agency’s employee emergency …
What OBBB Means for Your Clients’ Itemized Deductions
Practitioner’s Tax Action Bulletin® February 2, 2026 The 2025 Act (also referred to as the One Big Beautiful Bill or …
SEC Names New PCAOB Chairman and Board Members, Marking Leadership Shift
The Securities and Exchange Commission (SEC) announced late Friday afternoon, on January 30, 2026, that it has appointed retired Ernst & …
Tax Considerations for Venezuelan Americans Mulling US Exit
Some high-net-worth Venezuelan American taxpayers may be considering a change in residency ahead of possible economic headwinds in Venezuela, but …
CPAs Urge IRS to Retain Full Workforce During Possible Shutdown
The American Institute of CPAs (AICPA) is urging the IRS and Treasury to release a contingency plan that retains 100% …
Expert Unpacks What’s Next After Sirius Solutions Decision
With the 5th U.S. Court of Appeals ruling that a federal self-employment tax exception hinges on a partner’s limited liability …
Treasury Optimistic About Tax Season Despite Concerns Over Delays
The National Taxpayer Advocate’s latest annual report to Congress warns that significant workforce reductions and complex new tax laws present …
SEC Approves PCAOB’s 2026 Budget With Major Cuts to Spending, Board Member Pay
The Securities and Exchange Commission (SEC) on January 22, 2026, approved the Public Company Accounting Oversight Board’s (PCAOB) 2026 budget …
Why Should Our Company Offer Adoption Assistance Benefits When the Code Already Provides a Tax Credit?
QUESTION: An employee has asked us to consider adding an adoption assistance benefit. There is also a tax credit for …