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 …
Thomson Reuters Tax & Accounting News
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 …
Is Employer-Provided Work Clothing a Taxable Benefit?
QUESTION: Our company is going to require some customer-facing employees to wear a uniform, which the company will provide without …
Tax Act Implementation Challenges Anticipated
With Republican’s tax act behind us, practitioners are gearing up for implementation – but they are expecting some bumps along …
SEC Chief Atkins Ousts Williams as PCAOB Chair Amid Regulatory Shift
Erica Williams is stepping down as chair of the Public Company Accounting Oversight Board (PCAOB) next week, the board said …
DeFi Crypto Regs Officially Removed
In keeping with a resolution signed by President Trump in April, the IRS has revoked final regs addressing the application …
Nevada Lawmakers Take on New Gambling Losses Provision
Days after President Trump signed his new tax package into law, a bipartisan group – led by Nevada lawmakers – …