Carbon Capture Credit Safe Harbor Creates 2025 Backup Reporting Method
The Treasury Department and the IRS have released guidance providing a safe harbor for taxpayers claiming the tax credit for …
Checkpoint News Staff
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IRS Finalizes Regs on Tribal Entity Tax Status, General Welfare Benefits
The IRS has issued two sets of final regs addressing the federal tax treatment of entities wholly owned by Indian …
Guidance on OBBB International Tax Provisions Released
The IRS has released three notices addressing changes under the One Big Beautiful Bill Act (OBBB) impacting international taxation. (Notice …
Court Upholds IRS Lien Against Maryland Company Over Unpaid Taxes
The Tax Court has upheld the IRS’ federal tax lien against Horizon Health Services, Inc., a Maryland-based corporation, after finding …
IRS Finalizes Stock Buyback Tax Rules
Treasury and the IRS have released final regulations on the 1% excise tax on the value of stock repurchased by …
Maine Announces Individual Income Tax Rate Schedules, Personal Exemption, Standard Deduction for 2026
Maine Revenue Services has released the individual income tax rate schedules and the personal exemption and standard deduction amounts, adjusted …
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DOL Proposes Rule to Reinstate FLSA Exemptions for Domestic Workers
The U.S. Department of Labor (DOL) proposed a new rule that would reinstate long-standing exemptions under the Fair Labor Standards Act (FLSA) …
Chair Paul Atkins: SEC May Reconsider Foreign Companies’ Use of Global Accounting Standards in US
For almost two decades, the Securities and Exchange Commission (SEC) has allowed foreign companies that want to list shares on …
Inside Tax-exempt Status Audits, Revocation Challenges
A panel of tax law experts and Tax Court judges at the American Bar Association (ABA) Virtual Fall Tax Conference …