Checkpoint’s Exclusive Executive Summary of the 2025 Tax Act
In a series of marathon Senate and House sessions leading up to the July 4th holiday, Congress passed the Act …
Thomson Reuters Tax & Accounting News
Transition Challenges Expected as Treasury Goes Paperless
Back in March, President Trump issued an executive order mandating that Treasury and the IRS largely transition to electronic payments, …
Wisconsin Governor Tony Evers Signs 2025-2027 Budget Bill
By Samantha A. Fong On July 3, 2025, Wisconsin Governor Tony Evers signed the biennial state budget for 2025-2027, which amends …
IRS, Treasury Roles Filled as Tax Package Reaches Finish Line
While all eyes have been on the One Big Beautiful Bill, Senate Republicans have also been pushing through President Trump’s …
Republicans Tee Up House Vote on Trump Bill, Outcome Uncertain
By David Morgan, Richard Cowan, and Bo Erickson Republicans in the House of Representatives on Wednesday teed up a procedural vote on …
Miami Man Sentenced to 6.5 Years for $2.3M COVID-19 Unemployment Fraud Scheme
A Miami resident has been sentenced to 78 months in federal prison for orchestrating a multi-state unemployment insurance fraud scheme that exploited …
U.S. Supreme Court Upholds Challenged Portions of ACA Preventive Services Mandate
Kennedy v. Braidwood Mgmt., Inc., 2025 WL 1773628 (U.S. 2025) Available at https://www.supremecourt.gov/opinions/24pdf/24-316_869d.pdf The U.S. Supreme Court has ruled on …
CPAs Welcome Senate SALT Changes
As Republicans continue to move forward on their One Big Beautiful Bill Act (H.R. 1), the American Institute of CPAs …
House Panel Revisits Sarbanes-Oxley as Smaller Companies Cite Rising Burdens
As Republican lawmakers seek to reduce compliance burdens for public companies, Section 404(b) of the Sarbanes-Oxley Act of 2002 was …
Republican Senators Seek to Change Senate Bill Clean Energy Tax, Improve Tax Credits
By Valerie Volcovici Republican Senator Joni Ernst has introduced an amendment to the U.S. Senate’s tax and spending megabill that …
Maryland Comptroller Provides Sales and Use Tax Guidance on Data/Information Technology and Software Publishing Services
By Saleem A. Shareef The Maryland Comptroller’s Office has provided sales and use tax guidance on data or information technology …
‘Revenge Tax’ Dropped From Budget Bill as Senate Byrd Bath Continues
A controversial provision of Republicans’ One Big Beautiful Bill Act (OBBBA) that would increase tax rates on certain individuals associated …