IRS Finalizes Stock Buyback Tax Rules
Treasury and the IRS have released final regulations on the 1% excise tax on the value of stock repurchased by …
Thomson Reuters Tax & Accounting News
Experts Say Moving Away From Quarterly Reports Not as Simple as It Seems
Securities and Exchange Commission (SEC) Chair Paul Atkins has fast-tracked a rulemaking that would give companies the option to skip …
Practical Ways to Gear Up for Tax Season
To mentally prepare the upcoming 2025 tax season, practitioners must move beyond survival mode and embrace the complexities of the …
Preparing for New 1099 Digital Asset Reporting Rules
The IRS’ new digital asset form will make its debut this upcoming tax season for 2025 transactions. Nik Fahrer, director …
Payments for Name, Image, and Likeness of Student Athletes
By Danny A. Pannese, MST, CPA/ABV/CFF, CVA, CSEP, Paul N. Iannone, JD, CPA, MST, and Joshua A. Shuart, Ph.D. November …
What Employees Are Counted for Purposes of COBRA’s Small Employer Exception?
QUESTION: We understand there is a small employer exception to COBRA for employers with fewer than 20 employees. What employees …
What to Expect From Clean Energy Tax Incentives Post-OBBBA
Tax and energy policy experts agree that while the One Big Beautiful Bill Act (OBBBA), will slow clean energy deployment, …
Michigan Issues Guidance on Recent Social Security Taxation Changes
By Peter G. Pupke, Esq., Checkpoint News The Michigan Department of Treasury has issued a release explaining the recent changes …
Trump Pulls IRS Chief Counsel Nominee After Backlash Over Democrat Ties
President Trump has withdrawn his nomination of Donald Korb as the IRS’ top lawyer ahead of his scheduled confirmation vote. Although the …
Investors to Gain Greater Clarity as FASB Ends ‘Double-Counting’ of Loan Losses
U.S. banks and other financial institutions that buy loans are poised for significant accounting changes by 2027, as new rules …
Changes Ahead for Taxpayers with Discharged Student Loan Debt
A Biden-era tax exclusion for certain student loan discharges is set to expire at year-end, causing discharged balances to be …
Disclosure Rationalization Project Likely Means Major Overhaul of SEC Rules, Former Officials Say
While SEC Chair Paul Atkins’s first rulemaking agenda is significantly shorter compared to that of his predecessor, Gary Gensler, there …