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 …
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. …
COBRA Claim Dismissed Absent Proof That Former Employee Was Harmed by Insufficient Notice Marrow v. E.R. Carpenter Co., Inc., 2025 WL 3209652 (M.D. Fla. 2025) A former employee filed a proposed class action …
District of Columbia Enacts Tax Provisions Regarding RFK Stadium Redevelopment By Denis Del Bene, Checkpoint News The District of Columbia has enacted the Robert F. Kennedy Campus Redevelopment Emergency Act …
PCAOB’s Investor Panel Seeks Nominations for Best Critical Audit Matters For the second year, the Public Company Accounting Oversight Board (PCAOB) Investor Advisory Group (IAG) is asking the public to send in …