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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EWA legislation may spur a broader transformation in payroll payments, industry executive says
Earned wage access (EWA) has traditionally been marketed as a workplace benefit, giving employees the ability to access wages they …
SEC Chairman Atkins Offers Details on Planned Disclosure Rule Reforms
Securities and Exchange Commission (SEC) Chairman Paul Atkins provided additional detail on the commission’s effort to reform Regulation S-K, expanding …
SEC Chief Accountant Urges PCAOB to Set Up Permanent Broker-Dealer Audit Inspection Program
The Public Company Accounting Oversight Board (PCAOB) might finally move to craft a permanent program to inspect auditors of broker-dealers. …