IRS Proposes New Backup Withholding Rules for Third-Party Network Transactions
The IRS has issued proposed regulations that would update backup withholding rules for third-party network transactions. These changes reflect recent …
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CFPB Issues Advisory Opinion Clarifying Earned Wage Access Is Not Credit Under TILA
Consumer Financial Protection Bureau Acting Director Russell Vought announced on December 23, 2025, that “Covered EWA” products—employer-partnered earned wage access plans that …
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 …
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 …
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AICPA, NASBA Now Accepting Comments on Proposed Optional Pathway for CPA Licensure, Individual Mobility
The AICPA on March 4, 2025, said that its proposal to offer an additional path to obtain a CPA license …
Midyear State and Local Minimum Wage Increases
Starting July 1, 2025, several states and localities will implement increases to their minimum wage rates. This article outlines the …
Veteran Payroll Educator Warns of Confusion Over New Overtime/Tip Deductions
Following the July 4 enactment of the One Big Beautiful Bill Act (P.L. 119-21), payroll professionals began closely reviewing the …