FASB Chair Hopefuls Face a Conflicts Test Tougher Than Congress—Closer to Watchdogs
The search for the next leader of the U.S. accounting rulemaker comes with an unusual condition: before a candidate can …
Thomson Reuters Tax & Accounting News
What the OECD Side-by-Side Deal Means for US Multinationals
While the Organization for Economic Development’s (OECD) new global minimum tax guidance is welcome relief for U.S.-parented multinationals, a new …
After Further Cuts, Experts Discuss the Future of IRS Enforcement
With additional IRS funding all but gone and annual enforcement budget cuts, tax experts discussed how the agency might allocate …
Minnesota Issues 2022 and 2023 Nonconformity Guidance
By Peter G. Pupke, Esq., Checkpoint News Under current law, definitions used in determining Minnesota taxable income are based on …
Tax Pros Share Tips for Clearing Filing Season Hurdles
Tax practitioners are set to face a uniquely challenging 2026 tax season, shaped by major new retroactive tax legislation, ongoing …
Ways and Means Seeks IRS Action on Minnesota Non-Profit Fraud Scheme
House Ways and Means Committee Chairman Jason Smith (R-MO) urged the IRS to take action to prevent taxpayer-funded fraud from …
AI-Driven Fraud Risk Heightened for 2026 Filing Season
Tax professionals and their clients will face increasingly sophisticated AI-driven fraud schemes during the upcoming tax filing season. However, one …
Tariffs, Federal Cuts, and Disclosures: GASB Chair Says the Rulebook Already Covers It
State and local finance officials are running scenarios they didn’t expect to revisit this soon: tariff shocks that hit trade …
IRS Issues Updated Rollover Notices for Retirement Plan Distributions
IRS Notice 2026-13 (Jan. 15, 2026) Available at https://www.irs.gov/pub/irs-drop/n-26-13.pdf The IRS has updated its safe harbor explanations for eligible rollover …
Fifth Circuit Reverses Tax Court on Limited Partner Self-Employment Tax
The 5th U.S. Circuit Court of Appeals ruled that the definition of “limited partner” for federal self-employment tax exemption purposes …
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’ …
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) …