Final Rule on Tips Deduction Released
The IRS has finalized regulations implementing the “No Tax on Tips” provision of the One Big Beautiful Bill (OBBB) – …
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Bipartisan Bill Targets Tax-Free Corporate Mergers
Senators Sheldon Whitehouse (D-RI) and Josh Hawley (R-MO) introduced bipartisan legislation March 25 that would end tax-free treatment for many …
IRS 2025 Advance Pricing Agreement Report Released
The IRS’s Advance Pricing and Mutual Agreement (APMA) program executed 110 Advance Pricing Agreements (APAs) in 2025 and saw its …
IRS Provides Details on Trump Account Elections, Pilot Contributions
The IRS released proposed regulations detailing how to elect open a Trump account on behalf of an eligible beneficiary and …
Proposed IRS Regs Offer Alternate E-Furnishing Option for Digital Asset Broker Statements
The IRS has issued proposed regs that would give digital asset brokers an optional, streamlined process for electronically furnishing a new information return …
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 …
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SEC Urges PCAOB to Delay New Audit Quality Control Standard Amid Industry Pushback, Sources Say
Securities and Exchange Commission (SEC) Chair Paul Atkins and the commission’s Chief Accountant Kurt Hohl are said to have urged …
FASB Unveils New Rules Streamlining Internal Software Accounting for Modern Development Methods
U.S. accounting rulemakers have updated the rules for how companies track and report their spending on software they build for …
D.C. Attorney General Finds House Joint Resolution Did Not Repeal Legislation Amending IRC Conformity
By Denis Del Bene, JD, LL.M., Checkpoint News The D.C. Office of the Attorney General (OAG) has issued an opinion …