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 …
Thomson Reuters Tax & Accounting News
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 …
New Energy Credit Material Assistance Guidance Leaves Open Key Questions
The IRS recently issued interim guidance to assist taxpayers claiming certain clean energy tax credits comply with new restrictions on material assistance …
Additional Interim CAMT Guidance Tweaks AFSI Calculations
The IRS has issued additional interim guidance on the corporate alternative minimum tax (CAMT) that provides several new or modified …
Early Warning System—or Echo Chamber? Inside FASB’s Advisory Web
The Financial Accounting Standards Board (FASB) has built a wide advisory network to pressure-test new standards before they’re finalized: investors, …
Growing Creator Economy Raises New Tax and Payroll Compliance Considerations
From side hustle to small business As the creator economy expands into what industry estimates place at a $205 billion …