Should We Provide a COBRA Notice of Unavailability to an Individual Who Is Not Covered Under Our Plan?
QUESTION: We received notice from an employee that his son turned age 26 and is no longer an eligible dependent under …
Thomson Reuters Tax & Accounting News
PCAOB to Seek Public Input on Standard-Setting Agenda for First Time
The Public Company Accounting Oversight Board (PCAOB) will, for the first time, issue a public consultation document to seek input on its …
States’ Retreat From Judicial Deference Creates Leverage in Tax Disputes
More than twenty states now require courts to take a fresh look at ambiguous laws rather than deferring to state …
AI’s Latest Accounting Problem: Getting a Laugh
Artificial intelligence is pushing deeper into accounting, taking on work once reserved for junior staff, technical specialists and corporate reporting …
GOP Lawmakers, Trump Push Proposals to Suspend Federal Gas Tax
Republican lawmakers have introduced proposals in the House and Senate to temporarily suspend the federal excise tax on gasoline and …
Arkansas Cuts Individual and Corporate Income Tax Rates
By James W. O’Brien, Esq., Checkpoint News Arkansas Governor Sarah Huckabee Sanders has signed legislation that reduces the top individual …
Foreign Gift Penalty Suit Partially Survives IRS Attempt to Dismiss
A federal judge has ruled that the IRS has the statutory authority to assess penalties for failing to report large …
5th Circuit holds U.S. FTC’s in-house adjudication of deceptive advertising claim unconstitutional under Jarkesy
By David Carpenter, Esq., Gordon Todd, Esq., and Kenneth Coffin, Esq., Sidley Austin LLP On March 20, 2026, the U.S. …
CPAs Seek Relief on Expanded Executive Compensation Tax
The American Institute of Certified Public Accountants (AICPA) is calling on the IRS to issue immediate transition relief and guidance …
Senate Bill Takes Aim at Corporate Transparency Act
A group of Republican senators has introduced legislation to limit beneficial owner information reporting requirements to foreign entities and owners. …
What Is the Status of the ACA’s Insured Health Plan Nondiscrimination Requirements?
QUESTION: We recall that the Affordable Care Act (ACA) requires insured group health plans to satisfy nondiscrimination rules similar to …
Benefits of CTC Expansion Bill Vary by Family Type, Analysts Find
A Tax Policy Center (TPC) analysis of the proposed Family First Act (FFA) finds the legislation would reduce taxes for …
SEC Proposes Optional Semiannual Reporting for Public Companies
The Securities and Exchange Commission (SEC) on May 5, 2026, issued a rule proposal that would give public companies the …