Senate panel advances broad tax administration reform package
On July 30, the Senate Finance Committee overwhelmingly approved the bipartisan Taxpayer Assistance and Service (TAS) Act, S. 3931, with a 26-1 vote, …
Thomson Reuters Tax & Accounting News
Experts flag uneven real estate market trends, Opportunity Zone transition issues
Real estate and tax specialists from PricewaterhouseCoopers (PwC) discussed shifting market conditions, Opportunity Zone transition rules, and possible federal tax …
New rules strip the cover off corporate spending — companies have five months to prepare
A wave of new accounting rules is set to crash down on public companies starting in 2027 — and finance …
ABA urges Tax Court to clarify, revise proposed practice rules
After the Tax Court announced proposed procedural changes in May, the American Bar Association Section of Taxation has offered several …
DOL Proposes New Electronic Delivery Safe Harbor for Group Health Plan ERISA Disclosures
DOL Proposed Rule: Electronic Disclosure by Group Health Plans Under ERISA, 29 CFR Parts 2520 and 2560, 91 Fed. Reg. …
Bill would allow for larger contributions to foster care children’s Trump accounts
Representative Blake Moore (R-UT) has introduced the Foster Youth Investment Act, H.R. 9920, which aims to help children in foster care build financial …
Multistate Monitor — Tax pros delve into state initiatives to tax the wealthy
Wealth taxes popping up at the state level are causing some high-net-worth taxpayers to question their future tax planning strategies …
Michigan enacts Housing Opportunity Tax Credit program
By Peter G. Pupke, Esq., Checkpoint News Michigan has enacted legislation that amends the State Housing Development Authority Act of …
Court gives insurer chance to amend ERC refund complaint
A California insurance agency has been granted leave to amend its complaint in a lawsuit seeking a refund for the …
IRS grants filing relief for 2026 FIFA World Cup participants
The IRS has issued new procedural guidance relieving certain foreign FIFA member associations from the requirement to file an annual …
PCAOB staff narrows circumstances for naming issuers in settled enforcement orders
The Public Company Accounting Oversight Board’s (PCAOB) enforcement staff has quietly revised its considerations for recommending whether issuers and broker-dealers …
H&R Block appeals ruling in tax data privacy class action
H&R Block is urging a federal appeals court to reverse a decision that refused to enforce its arbitration agreement, letting …