Disaster Tax Relief Bill Signed Into Law
Over the holidays, President Trump signed a popular measure that provides administrative relief for victims of federally declared disasters. Disaster …
Thomson Reuters Tax & Accounting News | Uncategorized
New Jersey Adopts Additional Amendments to Film and Digital Tax Credit Regulations
By David Engel CPA, Checkpoint News The New Jersey Economic Development Agency (NJEDA) has adopted additional amendments to the film …
CPAs Renew Call for Lower S Corp PLR Request User Fees
The American Institute of Certified Public Accountants (AICPA) is renewing its call for the IRS and Treasury Department to establish …
SEC Left Without Democratic Commissioners After Crenshaw’s Departure
Securities and Exchange Commission (SEC) Commissioner Caroline Crenshaw left the agency on January 2, 2026, after the Senate Banking Committee …
D.C. Enacts Temporary Legislation Amending Conformity with Various IRC Provisions, Other Tax Changes
By Denis Del Bene, JD, LL.M., Checkpoint News On December 20, 2025, the District of Columbia enacted without the Mayor’s …
Experts Talk State Tax Issues, OBBB Conformity
Experts from Ernst & Young LLP (EY) hosted their final domestic tax quarterly webcast for 2025 on December 17, providing …
$10B in New Markets Tax Credit Allocations Announced
Treasury and the Community Development Financial Institutions (CDFI) Fund announced $10 billion in New Markets Tax Credit allocations last week. …
Administration’s Shift on Cannabis Draws Criticisms From Some Republicans
As President Trump took steps to move cannabis to a less stringent classification under the Controlled Substances Act, several Senate …
Senators Push for End to IRS Hiring Freeze Ahead of Filing Season
Lawmakers are calling on Treasury Secretary and acting IRS Commissioner Scott Bessent to ramp up IRS and Taxpayer Advocate Service …
Digital Asset Cost Basis Reporting, Backup Withholding Considerations
Digital asset experts at EY reminded taxpayers of new transaction reporting obligations that will take effect next year and explored …
Texas Provides Guidance on the Conformity of Texas Franchise Tax to the Internal Revenue Code
By Ashleigh M. Paige, Esq., Checkpoint News The Texas Comptroller of Public Accounts has provided guidance on the policy change …
Carbon Capture Credit Safe Harbor Creates 2025 Backup Reporting Method
The Treasury Department and the IRS have released guidance providing a safe harbor for taxpayers claiming the tax credit for …