Court Upholds IRS Lien Against Maryland Company Over Unpaid Taxes
The Tax Court has upheld the IRS’ federal tax lien against Horizon Health Services, Inc., a Maryland-based corporation, after finding …
Thomson Reuters Tax & Accounting News
Senate Funding Plan for IRS, SEC Unveiled
Senate appropriators released their fiscal year 2026 funding plan for Treasury, the IRS, and the SEC on November 24, 2025. …
Newly Issued US Hedge Accounting Rules Reshape How Businesses Track Financial Risk
The Financial Accounting Standards Board (FASB) has introduced new hedge accounting rules for how companies report on complex financial tools …
COBRA Claim Dismissed Absent Proof That Former Employee Was Harmed by Insufficient Notice
Marrow v. E.R. Carpenter Co., Inc., 2025 WL 3209652 (M.D. Fla. 2025) A former employee filed a proposed class action …
California Subjects Digital Financial Assets to Unclaimed Property Law
By Saleem A. Shareef, Esq., Checkpoint News On October 11, 2025, California Governor Gavin Newsom signed legislation that subjects digital …
What to Know as the IRS Emerges from the Shutdown
The recent government shutdown was unique because prior funding allowed many IRS employees to remain on the job. However, after …
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 …
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 …