Retroactive Online Marketplace Liability Emerges as Major Sales Tax Risk
Economic nexus policies for marketplace facilitators have settled in recent years, but retroactive liability for prior periods has emerged as …
Thomson Reuters Tax & Accounting News
IRS 2025 Advance Pricing Agreement Report Released
The IRS’s Advance Pricing and Mutual Agreement (APMA) program executed 110 Advance Pricing Agreements (APAs) in 2025 and saw its …
Uber Accused of Tax Fraud ‘Scheme’ Tied to Driver Screening Gaps
A class action complaint filed in federal court claims that Uber Technologies Inc. has engaged in widespread tax fraud by …
Tax Pro Shares How to Avoid Modern IRS Impersonation Scams
As tax scams grow more sophisticated with new technology, the best line of defense, according to a tax professional, is …
XBRL Cuts AI Errors in Reading Company Filings, Study Finds
AI makes far fewer mistakes reading company filings when the information is provided in XBRL — a wonky reporting format …
DOL Removes 2024 Investment Advice Fiduciary Regulations to Implement Court Rulings
DOL Final Rule: Retirement Security Rule: Definition of an Investment Advice Fiduciary: Notice of Court Vacatur, 29 CFR Part 2510, …
House Committee Advances Bipartisan Tax Bills
The House’s tax-writing committee considered five bills aimed at improving tax fairness and the taxpayer experience on Wednesday – all …
SEC Chief Accountant Urges PCAOB to Set Up Permanent Broker-Dealer Audit Inspection Program
The Public Company Accounting Oversight Board (PCAOB) might finally move to craft a permanent program to inspect auditors of broker-dealers. …
Tax Pro Delves Into Qualified Production Property Guidance
The IRS’ recent guidance on the One Big Beautiful Bill Act’s (OBBB) depreciation deduction for qualified production property provides “at …
South Carolina Supreme Court Finds Amazon Liable for Tax on Third Party Sales
By Maria T. Albanese, JD, LL.M, Checkpoint News The South Carolina Supreme Court affirmed a decision by the South Carolina …
Debate Over Indexing Capital Gains to Inflation Reignites
A coalition of conservative groups and Republican lawmakers is pressing the Treasury Department to unilaterally index capital gains for inflation, …
2025-2028 Vehicle Loan Interest Deduction: What You Need to Know
By Patricia Brandstetter, senior specialist editor at Thomson Reuters For nearly 40 years, personal car loan interest has been off-limits …
Disclosures Show US Corporations Cut Tax Bills by Billions Last Year Using ‘Tax Havens,’ Says Group
Forty U.S. corporations collectively reduced their 2025 tax bills by more than $11.5 billion in 2025 through the use of …