2025 Tax Act Myths: Social Security Tax Rules Unchanged – New Senior Deduction
October 23, 2025 Background Since the passage of the 2025 Act (formerly known as the One Big Beautiful Bill Act), …
Mary Lundstedt, J.D., LLM, Checkpoint News
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Digital Dollars on the Horizon? FASB Launches Study Amid White House Push for Clarity
The nation’s main accounting rulemaker, the Financial Accounting Standards Board (FASB), has kicked off critical research into how companies will …
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 …
House Bill Would Expand Protection from State Income Taxation Under P.L. 86-272, Invalidating State Interpretations
Last Wednesday, the House Judiciary Committee advanced a version of the federal reconciliation bill that would arguably enact the most significant Congressional …