Draft Bill Aims to Strengthen Taxpayer Rights
Top Senate taxwriters released draft legislation Thursday that they say would “improve the taxpayer experience” — included are proposals to …
Thomson Reuters Tax & Accounting News
Exempt Org Foreign Reporting Forms Burdensome, IRS Told
Several organizations responded to an IRS request for comment on filing obligations of tax-exempt entities to say that three forms …
Does the ACA Prohibit a Group Health Plan From Excluding Certain Types of Providers?
QUESTION Does the ACA rule prohibiting discrimination with respect to health care providers prohibit a group health plan from excluding …
PCAOB Staff Is Making Rapid Progress on Subsequent Events Project
The Public Company Accounting Oversight Board (PCAOB) staff has been making progress on a mid-term standard-setting project related to subsequent …
2025 Tax Filing Season Kicks Off
The 2025 tax filing season opened on January 27, with the IRS expecting over 140 million individual tax year 2024 …
Trump Renews Call for Tax-Free Tips
President Donald Trump renewed his call to eliminate federal taxes on tipped income last weekend. Lawmakers have offered a few …
Final IRS Regs Possibly Subject to Congressional Review
The Treasury Department during the Biden administration used its final months to finalize or correct several IRS regs, including guidance …
Will the New Partnership Related Party Basis-Shifting Rules Survive?
Practitioner’s Tax Action Bulletin® Advisory In June 2024, the IRS released a guidance package on related party basis adjustments (RPBAs) …
Executive Order Targets ‘Green New Deal’
Among the flurry of actions taken by President Donald Trump on his first day in office was issuing an executive …
OECD to ‘Keep Working’ With US Despite Trump’s Rejection of Tax Deal
The reaction to President Trump’s decision to pull out of global tax agreement negotiations started by his predecessor has been …
PCAOB Investor Panel Calls for Better Critical Audit Matters; Will Seek Nominations for Best Disclosures
The Public Company Accounting Oversight Board (PCAOB) Investor Advisory Group (IAG) will again ask the public to nominate the most …
Memorandum Orders Regulatory Freeze; Executive Order Addresses Protections Based on Gender Identity
President Trump has issued a memorandum ordering a regulatory freeze pending review and an executive order focused on gender identity …
On Menu of Tax Reform Options: Cutting SALT Deduction
As tax discussions ramp up, Republicans have compiled a lengthy menu of options, including five that would revise the deduction …