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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SEC proposes fund cross-trading changes tied to level 2 fair value inputs
The Securities and Exchange Commission (SEC) has proposed rule changes that would allow registered investment funds to cross trade securities …
AI errors reach boardrooms and investors, midyear report finds
A quarter of corporate executives say errors generated by artificial intelligence tools have made their way to external audiences or …
SaaS Bubble Gets a Reality Check as Growth Slows and AI Turns Up the Heat
The easy-money days for software-as-a-service companies are over. For years, SaaS firms had a Wall Street-ready story: customers subscribe, revenue …