PCAOB Elimination Plan Flies Into ‘Byrd Rule’ Wall in Senate
The Senate parliamentarian has deemed a Republican proposal to fold the PCAOB into the SEC to be subject to the …
Thomson Reuters Tax & Accounting News | Uncategorized
Key Business Tax Provisions in the Senate’s Draft Bill
Tax experts unpacked the Senate Finance Committee’s June 16 version of the One Big Beautiful Bill Act — including key provisions for …
Senate Departs from House Bill on SALT
Senate Republicans have long discussed taking a different approach to tax reform from the House — in particular, by focusing …
Must We Provide Notice Before Discontinuing Matching Contributions Under Our 401(k) Plan?
QUESTION: Our company sponsors a 401(k) plan and currently matches participants’ elective deferrals. Due to financial difficulties, however, management has …
Publisher’s Note for the Juneteenth Holiday
Due to the Juneteenth federal holiday, there will be no Checkpoint News articles published on Thursday, June 19, 2025. …
Saving for Higher Education Costs: Qualified Tuition Plan vs. Roth IRA
Practitioner’s Tax Action Bulletin® Advisory When it comes to saving for a child’s college education, many people assume they should …
Minnesota Omnibus Tax Bill Increases Cannabis Tax, Makes Other Tax Changes
By Peter G. Pupke On June 14, 2025, Minnesota Governor Tim Walz approved an omnibus tax bill that increases the …
Expert Discusses Tax Planning Amid Uncertainty
As the Republican tax and spending package makes its way through the Senate, one tax planner shared which provisions she’s …
European Audit Regulators Warn: Eliminating PCAOB Will Have Adverse Consequences
A panel of European audit firm regulators has warned that eliminating the U.S. Public Company Accounting Oversight Board (PCAOB) will …
IRS Gets Partial Win in $2.3 Million Estate Tax Case
The IRS scored a partial victory in a tax dispute with the estate of a late Kentucky resident, as the …
Board Member Ho: Eliminating PCAOB May Have Positive Outcomes
Public Company Accounting Oversight Board (PCAOB) member Christina Ho, speaking at a conference last week, highlighted that a legislative proposal …
SCOTUS: IRS Levy Abandonment Moots Collection Appeals in Tax Court
The Supreme Court in an 8-1 decision held that the Tax Court lacks jurisdiction under Code Sec. 6330 to review appeals of …
Section 899 to Bring ‘Challenges’ But Will Survive in Senate Budget Bill, Tax Pros Say
Tax professionals expect a proposed addition to the Tax Code featured in the House-passed One Big Beautiful Bill Act (OBBBA, H.R. …