Senators Grill IRS Chief Counsel Nominee
Senators questioned Donald Korb, Trump’s pick for the IRS’ chief legal advisor on Wednesday. Among their concerns – Korb’s recent …
Thomson Reuters Tax & Accounting News
Chair Paul Atkins: SEC May Reconsider Foreign Companies’ Use of Global Accounting Standards in US
For almost two decades, the Securities and Exchange Commission (SEC) has allowed foreign companies that want to list shares on …
What Are Our Company’s Obligations to a Former Employee Receiving COBRA Coverage Who Has Been Called to Active Duty in the Uniformed Services?
QUESTION: A former employee who left our company a year ago has been receiving COBRA coverage under our major medical …
White House Seeks Stopgap Government Funding Until Jan. 31, No. 2 House Republican Says
By David Morgan and Richard Cowan, Reuters The White House is seeking legislation that would extend current federal funding until …
District of Columbia Enacts 2026 Budget Support Legislation
By Denis Del Bene, Checkpoint News The District of Columbia has enacted emergency budget support legislation for Fiscal Year 2026. …
Small Business R&E Expensing Changes Explained
Small businesses with domestic research and experimental (R&E) expenses have new options under the 2025 Tax Act, or One Big …
Premium Tax Credit Changes Ahead
The July 4 Tax Act (P.L. 119-21) will soon make it harder for many obtain health coverage – recent regulatory …
IRS Has No Tax Data Sharing ‘Policy,’ Government Tells Court
A federal judge should deny a motion to block the IRS from providing outside agencies with identifying tax information about …
After September, DOL Will No Longer Accept Paper Checks
DOL Notice: Transition to Electronic Payments and Disbursements (Aug. 22, 2025), 90 Fed. Reg. 41843 (Aug. 27, 2025) Available at …
SEC Opens Comment Period on PCAOB’s Delay of Quality Control Standard
Now that the Public Company Accounting Oversight Board (PCAOB) on August 28, 2025, decided to postpone the implementation of its …
IRS Withdraws Rule on Tax Return Disclosures in Connection with Passport Services
The IRS will not proceed with a rulemaking that would have authorized the State Department to disclose taxpayer return information …
With Congress Back, Here’s What to Watch in Tax
Lawmakers return to Washington this week after over a month-long recess, and funding the government is expected to be first …