House Ways and Means Releases Partial Tax Bill Text
On Friday, May 9, the Ways and Means Committee shared partial text for the tax portion of a reconciliation bill …
Thomson Reuters Tax & Accounting
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Treasury Seeks Pause in Corporate Transparency Act Case
After dialing back the Corporate Transparency Act’s beneficial ownership information reporting requirements last month, the Treasury Department is now moving …
2025 Tax Filing Season Kicks Off
The 2025 tax filing season opened on January 27, with the IRS expecting over 140 million individual tax year 2024 …
Final Regs Allow Certain Co-Owned Elective Pay Entities to Opt Out of Partnership Treatment
The IRS finalized regs providing guidance on how clean energy projects with multiple owners can elect to not be treated …
Key 2025 Figures Calculated by Thomson Reuters Checkpoint Based on Inflation Data Now Available
Many tax, expensing, and penalty figures are adjusted annually for cost-of-living increases. These adjustments reflect the average chained Consumer Price …
IRS Withdraws, Reproposes Foreign Currency Gain, Loss Regs
The IRS has released new proposed regulations on making and revoking certain foreign currency gain or loss elections. These new …
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Payroll Professionals Explore AI for Enhanced Documentation and Efficiency
Payroll professionals recently convened for PayrollOrg’s “Talking Payroll Chat” on July 17, 2025, to delve into the transformative potential of …
Georgia Amends Computer Equipment Regulation
By Vidor A. Nosce The Georgia Department of Revenue has amended, effective September 7, 2024, Regulation § 560-12-2-.107, Computer Equipment, …
Capital Summit Session Highlights Growing Risks—and Tools—for Local Payroll Tax Compliance
Local payroll tax compliance—long considered one of payroll’s most challenging responsibilities—is becoming even more complex as hybrid work, employee mobility, …