Self-Reporting Misconduct Can Be Beneficial for Practitioners, OPR Says
Tax practitioners who self-report Circular 230 violations may avoid harsher sanctions and qualify for favorable settlements, the IRS’ Office of …
Federal Tax Checkpoint News Staff
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Social Security Bill Proposes New Inflation Measure, Tax Changes for High Earners
Senator Mazie Hirono (D-HI) and Representative Jill Tokuda (D-HI) have introduced the Protecting and Preserving Social Security Act to address Social Security’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 …
Checkpoint’s Exclusive Executive Summary of the 2025 Tax Act
In a series of marathon Senate and House sessions leading up to the July 4th holiday, Congress passed the Act …
Publisher’s Note for the Juneteenth Holiday
Due to the Juneteenth federal holiday, there will be no Checkpoint News articles published on Thursday, June 19, 2025. …
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Minnesota Issues Updated Guidance on Taxability of Digital Products
By Peter G. Pupke, Esq., Checkpoint News The Minnesota Department of Revenue has issued an industry guide explaining the state …
PCAOB Forms Resource Group to Address Challenges Facing Small Audit Firms
The PCAOB on August 26, 2025, said that it has formed the Smaller Firm Resource Group, an advisory group of audit …
FASB Advisers Warn: Disclosures Lacking Around Trillion-Dollar Private Credit Market
“No burning issues” stand out that would merit an accounting overhaul for reporting about private credit agreements, but certain disclosures …