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. …
Court Vacates ACA Section 1557 Gender-Identity Discrimination Rules Tennessee v. Kennedy, 2025 WL 2982069 (S.D. Miss. 2025) A federal trial court has vacated certain provisions of the regulations …
Who Pays for Health Coverage During FMLA Leave? QUESTION: Does our company have to pay for employees’ health coverage while they are on FMLA leave? ANSWER: Your company does not …
PCAOB Welcomes New Chair, Board Members Amid Historic Pay Cuts The Public Company Accounting Oversight Board (PCAOB) said that its new chairman, Demetrios Logothetis, along with newly appointed board members …