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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Beyond The Deadline – Key Areas of Focus Following Tax Busy Season
Mary Lundstedt, Checkpoint News Background After tax season, prioritize rest and personal time to recharge. Then, tackle essential non-technical tasks …
Accountants Offer Assistance as SEC Drafts Regulatory Framework for Cryptos
In comment letters, the AICPA, the Center for Audit Quality (CAQ), and Big Four firms said that they support the …
IRS Guidance on Trump Accounts Addresses Cafeteria Plans and Employer Contributions, Announces Regulations on the Way
IRS Notice 2025-68 (Dec. 2, 2025); IRS News Release IR-2025-117 (Dec. 2, 2025) Notice News Release The IRS has announced …