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 …
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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 …
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 …
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 …
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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 …
Audit Committee Chairs Expect Clear, Open Communications From Auditors–PCAOB Report
During discussions with external auditors, public company audit committee chairs focus significantly on factors affecting their relationships, such as communication, …
D.C. Enacts Temporary Legislation Amending Conformity with Various IRC Provisions, Other Tax Changes
By Denis Del Bene, JD, LL.M., Checkpoint News On December 20, 2025, the District of Columbia enacted without the Mayor’s …