IRS Releases Schedule, Instructions for New OBBB Individual Deductions
The IRS has published new Schedule 1-A that taxpayers will use for tax year 2025 to claim the One Big Beautiful Bill …
Checkpoint News Staff
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Dems Push to Overturn IRS Rule on Solar, Wind Tax Credits
A group of Senate Democrats introduced a resolution to disapprove of IRS guidance that changes the requirements for wind and …
IRS Issues Interim Guidance on Prohibited Foreign Entities for Energy Credits
The IRS has provided interim guidance on how to determine whether electricity-producing qualified facilities, energy storage technologies, or eligible components …
IRS Falling Behind on Paperless Processing Goals
The IRS has made limited progress in its efforts to digitize tax returns and may struggle to meet a federal …
Ohio Supreme Court Affirms Denial of Apparel Company’s CAT Refund Claim
The Ohio Supreme Court upheld the Board of Tax Appeals’ (BTA) denial of an apparel company’s refund claim for Commercial …
IRS Provides Guidance on Post-OBBB Bonus Depreciation
The IRS issued guidance clarifying elections available to taxpayers after the One Big Beautiful Bill Act made 100% bonus depreciation …
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Ex-SEC Chief Accountant Warns Senate Crypto Bill Could Trigger Next FTX
As the Senate Banking Committee convenes today, January 15, 2026, to mark up the Digital Asset Market Clarity Act, former …
Payroll Professionals Weigh Overtime Reporting Changes as Related IRS Drafts Forms Surface
The Highlights New Tax Break: Up to $12,500 in overtime pay is now tax-deductible for eligible workers. Employer Role: Employers …
What Should We Do If the Post Office Returns a COBRA Election Notice as Undeliverable?
QUESTION: Our company (as plan administrator of our health plan) recently mailed a COBRA election notice by first-class mail, but …