Appropriations Minibus Includes $11.6B IRS Clawback
The $1.2 trillion, three-bill government spending proposal released by congressional appropriators January 20 would strip $11.6 billion from the IRS’ …
Thomson Reuters Tax & Accounting News
PCAOB Advisory Group Report Calls for Improved Critical Audit Matters, Cites UK’s Superior Disclosures
The Public Company Accounting Oversight Board (PCAOB) in early January 2026 posted a report of the Investor Advisory Group’s (IAG) …
Republican Group Releases OBBB Follow-Up Framework
As implementation work on the One Big Beautiful Bill Act’s many tax provisions continues, the Republican Study Committee (RSC) released …
Ohio Supreme Court Affirms Denial of Apparel Company’s CAT Refund Claim
The Ohio Supreme Court upheld the Board of Tax Appeals’ (BTA) denial of an apparel company’s refund claim for Commercial …
House Committee Moves on Yet Another Tax Administration Bill
On Wednesday, the House Ways and Means Committee advanced a bipartisan bill that would require the IRS to adopt modern …
IRS Provides Guidance on Post-OBBB Bonus Depreciation
The IRS issued guidance clarifying elections available to taxpayers after the One Big Beautiful Bill Act made 100% bonus depreciation …
After ‘A Thousand’ Conversations, PCC Chair Presses for Faster Route to FASB
The chair of the Private Company Council (PCC)—the Financial Accounting Standards Board’s primary advisory group on private-company reporting—says the council …