Global tax complexity outpaces simplification, survey finds
Rising complexity and compliance burdens pose the biggest tax policy challenge for global businesses, according to a Deloitte survey of 1,010 tax …
Thomson Reuters Tax & Accounting News
When Is a Home Sale Really Tax-Free?
According to the National Association of Realtors, over four million existing U.S. homes were sold in 2025, with a median …
DOL Clarifies Scope of ERISA Application to Trump Accounts, Related Employer-Facilitated Contribution Programs
DOL Technical Release 2026-02, Trump Accounts (June 17, 2026); DOL News Release, U.S. Department of Labor Issues Guidance Clarifying Trump …
IRS Office of Professional Responsibility issues guidelines on AI use in tax practice
The IRS Office of Professional Responsibility (OPR) has released new introductory guidelines clarifying how existing professional standards under Circular 230 …
Former PCAOB board member calls for sweeping reforms to audit regulator
A former member of the Public Company Accounting Oversight Board (PCAOB) is calling for major reforms to the audit regulator, …
Sanders calls for tax on ‘systemically important AI activity,’ payable in equity
Senator Bernie Sanders (I-VT) has proposed a remittance tax on certain artificial intelligence companies amounting to 50% of the company’s …
Qualified Opportunity Zone transitional guidance issued
The IRS released transitional guidance on Qualified Opportunity Zones (QOZs) following recent legislative changes. The guidance addresses how investors and …
After clean energy credit eligibility ruling, tax pro advises ‘staying the course’
Earlier this month, the U.S. District Court for the District of Columbia vacated Treasury guidance that had limited options for …
Companies brace for Strait of Hormuz cost shock as accounting questions mount
A possible Strait of Hormuz cost spike is pushing companies to review their contracts as higher oil, freight, tariff, and …
As trust fund nears insolvency, SSA chief actuary shares options
The Social Security Administration’s (SSA) Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement benefits, is now projected to …
Maryland Extends Income and Property Tax Incentives to Include U.S. Space Force Members
By Saleem A. Shareef, Esq., Checkpoint News On May 26, 2026, Maryland Governor Wes Moore signed legislation that amends the …
IRS silence on prediction market winnings to cause confusion as World Cup begins
The 2026 FIFA World Cup is bringing international visitors to the United States, and many can wager on match outcomes …
SEC Staff Eye AI Reminders, Not Prescriptive Rules, for Financial Reporting
Public company accountants and auditors have been using artificial intelligence (AI) for financial reporting matters largely without new regulatory requirements. …