IRS Changes Course on FIRPTA Look-Through Rule for Domestic C-Corps
The IRS has proposed removing a recently adopted rule that prescribes looking at the shareholders of certain domestic corporations to …
Thomson Reuters Tax & Accounting News
Amid Shutdown, Many Taxpayer Deadlines Still Apply
With the lingering shutdown and further staffing reductions, taxpayers and their advisors are working to navigate the IRS and meet …
Accounting Firms Say Foreign Issuers Face Major Obstacles if SEC Mandates US GAAP
In comment letters, prominent accounting firms highlighted the costs and practical challenges for foreign private issuers (FPIs) if the Securities …
Tax Court Cancels Trial Sessions Amid Government Shutdown
The United States Tax Court has canceled all in-person and remote trial sessions scheduled for the weeks of October 20 …
Commuter Benefits Evolve: Employers Adapt to New Technology, Tax Limits, and Employee Needs
The Changing Landscape of Commuter Benefits Commuter benefits are undergoing a transformation as transit agencies phase out traditional fare media …
Outsourcing Bill Catches Tax Community’s Attention
Recently introduced legislation would impose an excise tax on payments to foreign persons for services that directly or indirectly benefit …
Do We Have an Ongoing Obligation to Provide Exchange Notices?
QUESTION: Our company employs approximately 25 employees (some part-time) and sponsors an insured group health plan. In 2013, we provided a …
Transfer Pricing Expert: ‘Prepare Now’ for Best Chance to Avoid Scrutiny
The IRS may be operating at a limited capacity this year, but that does not mean companies should put any …
A Different Angle on Health Insurance Tax Preferences
As the standoff in Congress over the future of Affordable Care Act tax credits continues, here’s a look at a …
E-Verify Under Scrutiny: Shutdowns, State Mandates, and System Gaps Spark Compliance Debate
E-Verify, the federal electronic system for verifying new hires’ work eligibility, has been a focal point in employment compliance discussions. …
Reduced IRS Should Give Taxpayers Relief During Shutdown, CPAs Say
Correction, 10/15/2025: This article has been updated to accurately reflect Erik Asgeirsson’s title as CEO and president of CPA.com. The …
How Tax-Exempt Orgs Can Mitigate Risk in the Current Environment
The landscape for tax-exempt organizations has shifted under the current administration, particularly after the White House directed a whole-of-government approach …