Valuation Missteps in Gifts and Compensation Draw Sharper IRS Scrutiny, Experts Warn
The IRS requires property transferred by gift or to charity to be reported at fair market value (FMV)—generally, “the price …
Christopher Wood, CPP, Checkpoint News
Christopher Wood, CPP is a senior editor at Thomson Reuters Checkpoint who creates content for the Payroll Update and Federal Tax Update daily news. He also provides explanation and analysis for the Payroll Guide product on a wide range of topics. Christopher has been published in the American Payroll Association’s PayTech magazine and has spoken at APA events. He is based in the New York City area.
Posts by this author
Payroll Privacy Rules Are Tightening—What Payroll and HR Need to Know Before 2026
Privacy rulemaking has long trained its sights on consumers, with federal and state laws historically focused on protecting individuals in their …
Ghosts on the Ledger: How Payroll Analytics Can Help Exorcise Phantom Employees and Employers
Payroll fraud may not be the stuff of horror movies, but it’s enough to keep payroll professionals awake at night—especially …
Commuter Benefits Evolve: Employers Adapt to New Technology, Tax Limits, and Employee Needs
The Changing Landscape of Commuter Benefits Commuter benefits are undergoing a transformation as transit agencies phase out traditional fare media …
E-Verify Under Scrutiny: Shutdowns, State Mandates, and System Gaps Spark Compliance Debate
E-Verify, the federal electronic system for verifying new hires’ work eligibility, has been a focal point in employment compliance discussions. …
ERC in 2025: New Rules, Old Problems—Experts Warn of Audits, Fraud, and the Lingering Legacy of Pandemic Relief
The Employee Retention Credit (ERC) was introduced in March 2020 as part of the CARES Act, alongside the Paycheck Protection …
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Reading the Tea Leaves: Corporate Transparency Act Update
For those with Corporate Transparency Act whiplash, here’s a roundup of the latest developments — including one practitioner’s take on …
SCOTUS Stays Federal Worker Rehire Order
The Supreme Court stayed a lower district court’s preliminary injunction that required government agencies to reinstate terminated probationary employees and barred the …
Administration’s Shift on Cannabis Draws Criticisms From Some Republicans
As President Trump took steps to move cannabis to a less stringent classification under the Controlled Substances Act, several Senate …