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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Kansas Announces Sales and Use Tax Rate Changes Effective July 1, 2025
By Ashleigh M. Paige Effective July 1, 2025, the combined Kansas state and local sales and use tax rates will …
ERISA Ruling Highlights Importance of Detailed Denial Notices
Doe v. Deloitte LLP Grp. Ins. Plan, 2025 WL 586670 (S.D.N.Y. 2025) A participant in an employer sponsored health plan …
US Regulator Fines Dutch Affiliates of Deloitte, EY, PwC $8.5M for Widespread Exam Cheating
The U.S. Public Company Accounting Oversight Board (PCAOB) fined the Netherlands affiliates of Deloitte, Ernst & Young, and PricewaterhouseCoopers a …