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% …
Thomson Reuters Tax & Accounting News
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 …
Watchdog Concerned About IRS Filing Season Readiness
The Treasury Inspector General for Tax Administration (TIGTA) is concerned that the IRS may not be ready for the 2026 …
California’s 2026 Pay Data Reporting Rules Add New Compliance Pressures, Legal Experts Say
California Expands Reporting Requirements Ahead of 2026 Deadline California employers will face a broader set of reporting duties in 2026 …
FASB Chair Hopefuls Face a Conflicts Test Tougher Than Congress—Closer to Watchdogs
The search for the next leader of the U.S. accounting rulemaker comes with an unusual condition: before a candidate can …
What the OECD Side-by-Side Deal Means for US Multinationals
While the Organization for Economic Development’s (OECD) new global minimum tax guidance is welcome relief for U.S.-parented multinationals, a new …
After Further Cuts, Experts Discuss the Future of IRS Enforcement
With additional IRS funding all but gone and annual enforcement budget cuts, tax experts discussed how the agency might allocate …
Minnesota Issues 2022 and 2023 Nonconformity Guidance
By Peter G. Pupke, Esq., Checkpoint News Under current law, definitions used in determining Minnesota taxable income are based on …
Tax Pros Share Tips for Clearing Filing Season Hurdles
Tax practitioners are set to face a uniquely challenging 2026 tax season, shaped by major new retroactive tax legislation, ongoing …
Ways and Means Seeks IRS Action on Minnesota Non-Profit Fraud Scheme
House Ways and Means Committee Chairman Jason Smith (R-MO) urged the IRS to take action to prevent taxpayer-funded fraud from …