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. …
IRS Gets Partial Win in $2.3 Million Estate Tax Case The IRS scored a partial victory in a tax dispute with the estate of a late Kentucky resident, as the …
OPR: How to Request Circular 230 Investigation Records Practitioners may request information from the Office of Professional Responsibility (OPR) regarding investigations into their potential violations of the document …
Who Can Make Additional 401(k) Catch-up Contributions Under the SECURE 2.0 Act? QUESTION: We understand that the SECURE 2.0 Act permits additional catch-up contributions for older participants. Can you explain how these rules …
DOL Recovers Over $270K in Back Wages, Damages for 157 Workers An investigation by the U.S. Department of Labor (DOL) led to the recovery of over $207,470 in back wages and damages for …
SEC Chair Gensler Praises Current PCAOB Members, Criticizes Past Boards Securities and Exchange Commission (SEC) Chair Gary Gensler last week said that the Public Company Accounting Oversight Board (PCAOB) has …