Digital Asset Expert Reflects on Busy Crypto Week
While Congress advanced several pieces of legislation relating to the regulation and treatment of digital assets during its so-called crypto …
Thomson Reuters Tax & Accounting News
IRS Announces Increases for 2026 ACA Employer Shared Responsibility Penalties
Rev. Proc. 2025-26 (July 22, 2025) Available at https://www.irs.gov/pub/irs-drop/rp-25-26.pdf The IRS has announced 2026 indexing adjustments to the applicable dollar amount used to calculate …
After the Massive Tax Package, What’s Next for Congress?
Congressional Republicans surprised many policy experts by getting their tax and spending package (H.R. 1) across the finish line by …
Tax Pros Discuss Key Tax Act Partnership Provisions
Gibson Dunn Partners Eric Sloan and Matt Donnelly in an interview with Checkpoint touched on recently enacted tax provisions favorable …
After Williams’ Exit, SEC Taps Botic to Lead PCAOB Temporarily
Following the ouster of Erica Williams as chair of the Public Company Accounting Oversight Board (PCAOB), the Securities and Exchange Commission (SEC) …
IRS Tells 525,000 Federal Employees to Pay Tax Bills, Or Else
Hundreds of thousands of current and retired federal employees recently received a new wave of IRS notices prompting urgent resolution …
Oklahoma Adopts Regulations on Gross Production Tax, Motor Fuel, Alcoholic Beverages, Administrative Procedures, Other Topics
By Rebecca Helmes, Checkpoint News The Oklahoma Tax Commission adopted amended regulations, effective July 15, 2025, related to the state’s …
FIRE System Will Retire by Tax Year 2026, Says IRS
The IRS has announced that the Filing Information Returns Electronically (FIRE) system will be retired for the tax year 2026, …
IRS Obtained Proper Penalty Approval in Easement Case, Court Finds
The IRS met the supervisory approval requirements when it assessed penalties against Sand Valley after disallowing the company’s $35.38 million …
IRS Makes a Move on Cloud Transaction Sourcing Rule
In a year marked by regulatory rollback and uncertainty, the IRS proceeded with a planned rulemaking hearing July 17 on …
Payroll Data Takes Center Stage as Strategic Asset at PayrollOrg’s 2025 Virtual Congress
At a workshop held on July 9 during PayrollOrg’s annual Virtual Congress, payroll professionals and employers were urged to recognize …
House Taxwriters Mull Future of Digital Asset Tax Policy
Correction, 7/18/2025: This article has been updated to correct a misattributed in the second to last paragraph. A previous version …
Beyond The Deadline – Key Areas of Focus Following Tax Busy Season
Mary Lundstedt, Checkpoint News Background After tax season, prioritize rest and personal time to recharge. Then, tackle essential non-technical tasks …