Senate passes broad tax administration reform legislation
In its last planned session day before the midterm elections, the Senate unanimously passed the Taxpayer Assistance and Service (TAS) …
Thomson Reuters Tax & Accounting News
Court finds New York City’s pied-à-terre tax improperly shifts burden to homeowners
A state court has ruled that New York City’s rollout of its new pied-à-terre tax was arbitrary, capricious, and unlawful. …
Bill aims to enhance Saver’s Match before it takes effect
Senator Ron Wyden (D-OR) has introduced legislation to expand the new Saver’s Match program before it takes effect in 2027. …
PCAOB unveils first standard-setting, rulemaking agendas under chairman Logothetis
The Public Company Accounting Oversight Board (PCAOB) on September 30, 2026, published the first standard-setting and rulemaking agendas under the …
IRS Announces Special Per Diem Rates for Travel Away From Home Beginning October 1, 2026
IRS Notice 2026-60 (Sept. 25, 2026) Available at https://www.irs.gov/pub/irs-drop/n-26-60.pdf The IRS has announced special per diem rates that can be used to substantiate the …
Kentucky expands Angel Investor Program
By Vidor A. Nosce, Esq., Checkpoint News Kentucky has passed legislation that expands the state’s Angel Investor Program to allow …
IRS adopts Trump account auto enrollment, reproposes rules
The IRS will open Trump accounts automatically and has proposed new rules allowing private donors to fund large, class-based contributions …
Proposed rules clarify farmland sale tax installment election
Proposed regulations issued by the IRS explain how sellers of certain farmland can elect to pay the resulting tax in …
Former official, tax pros see promise in IRS reform bill but passage remains unclear
Tax experts broke down a bipartisan Senate bill aimed at overhauling IRS customer service and tightening standards for paid tax …
Planning for a California wealth tax
As the vote on California’s proposed wealth tax draws closer, two California tax attorneys shared what they’re seeing — and …
Experts explore latest federal guidance, state tax divergence
Grant Thornton tax specialists examined a wave of recent federal tax, trade, and administrative developments during a September 22 webinar, …
Missing inflation month poses little risk to 2027 tax figures, experts assure
A gap in federal inflation data caused by the 2025 government shutdown has raised questions about how the IRS will set …
Experts split over regulating nonprofits through Tax Code
Tax policy experts, including current and former Treasury officials, debated whether the Tax Code is the right instrument for regulating …