Qualified Opportunity Zone transitional guidance issued
The IRS released transitional guidance on Qualified Opportunity Zones (QOZs) following recent legislative changes. The guidance addresses how investors and …
Checkpoint News Staff
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As trust fund nears insolvency, SSA chief actuary shares options
The Social Security Administration’s (SSA) Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement benefits, is now projected to …
New Advisory Targets Payroll Tax Fraud Schemes
A June 5 joint advisory calls on financial institutions to be on the lookout for and report suspicious activity related …
IRS Proposes Increasing Estate Tax Closing Letter Fee
The IRS has issued proposed regulations that would increase the user fee for an estate tax closing letter from $56 …
Bipartisan ‘PARITY’ Act Introduced to Modernize Digital Asset Tax Rules
A bipartisan group of lawmakers has introduced sweeping legislation to establish a new tax framework for digital assets, aiming to …
IRS Finalizes Rules to Ease Partnership Interest Sales Reporting
The IRS has issued final regs that permanently resolve a longstanding compliance problem by removing the requirement that partnerships furnish …
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Payroll Congress Day 4: Where Payroll Gets Tested and Compliance Gets Real
Compliance, Judgment, and Execution at Scale Historically, payroll has been treated more as a back-office process until a disruption, a …
Do We Need to File Form 5500 for Our Company’s Cafeteria Plan?
QUESTION: Our company has a cafeteria plan that permits participants to pay for certain benefits using pre-tax dollars. Do we …
As Boomers Retire, Pressure Mounts to Expose Employee Stock Buyback Obligations
A retirement plan that runs on company stock can turn into a company’s next liquidity crisis — and U.S. accounting …