Will the New Partnership Related Party Basis-Shifting Rules Survive?
Practitioner’s Tax Action Bulletin® Advisory In June 2024, the IRS released a guidance package on related party basis adjustments (RPBAs) …
Nikki Sohal, CPA, Checkpoint News
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XBRL Cuts AI Errors in Reading Company Filings, Study Finds
AI makes far fewer mistakes reading company filings when the information is provided in XBRL — a wonky reporting format …
Dems Oppose Treasury on Partnership Rules, Refundable Credits
Democratic lawmakers sent separate letters to Treasury Secretary Scott Bessent on April 21, 2026, opposing two Treasury Department proposals: one …
Senators split over tax fixes as Social Security insolvency looms
The Senate Finance Subcommittee on Social Security, Pensions, and Family Policy met June 24, to weigh the future of Social …