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 …
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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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West Virginia Cuts Personal Income Tax Rates
By Lisa Lopata, Esq. Checkpoint News West Virginia has reduced its personal income tax rates beginning on January 1, 2026, …
CFPB Issues Advisory Opinion Clarifying Earned Wage Access Is Not Credit Under TILA
Consumer Financial Protection Bureau Acting Director Russell Vought announced on December 23, 2025, that “Covered EWA” products—employer-partnered earned wage access plans that …
SEC Proposes Expanding Sarbanes-Oxley Auditor Attestation Exemptions, Other Reforms to Boost IPOs
In a move intended to carry out Securities and Exchange Commission (SEC) Chairman Paul Atkins’ agenda to “Make IPOs Great …