What Rules Apply to 401(k) Plan Loan Repayments During a Participant’s Military Leave?
QUESTION: We have several 401(k) plan participants who have been called to active military service and would like to suspend …
Thomson Reuters Tax & Accounting News
FDIC Proposes Comprehensive Reporting, Audit Rules for Stablecoin Issuers Under GENIUS Act
The Federal Deposit Insurance Corp.’s (FDIC) April 7, 2026, proposed rulemaking tied to the Guiding and Establishing National Innovation for …
Experts Mull Revenue Raisers to Combat Budget Deficits
Tax policy experts debated whether rising federal debt poses an imminent fiscal crisis or a slower erosion of American living …
West Virginia Enacts Defined Audit Disclosure Rules, Replacing General Rule
By Lisa Lopata, Esq., Checkpoint News West Virginia has clarified the bar on public disclosure of its Tax Division’s internal …
Are Further Tax Changes Possible in Reconciliation 2.0?
The likelihood of further Republican-backed tax law changes is in flux as GOP leaders pursue a second reconciliation bill — …
Companies Rush to Market Only to See Deals Falter Over Financial Reporting Gaps
A growing wave of retirement-age business owners is heading for the exit—and private equity firms are knocking harder than ever. …
Final Rule on Tips Deduction Released
The IRS has finalized regulations implementing the “No Tax on Tips” provision of the One Big Beautiful Bill (OBBB) – …
Cities and States May Have to Spell Out Risks Tied to Aging Roads, Bridges and Water Systems
A new accounting proposal would require the nation’s cities and states to provide a clearer picture of the age of …
DOJ Criminal Tax Section Moves Again
The Department of Justice announced that the Criminal Division’s Tax Section will now fall under the newly created National Fraud …
Crypto Users Want to Comply, but Knowledge Gaps Persist, Survey Finds
A joint survey from Coinbase and CoinTracker finds that most U.S. crypto users intend to be tax compliant but often …
Multistate Tax Trends: A Q&A with SALT Expert Niki Ford on Nexus, Marketplaces, AI, and the Future
Multistate tax practice is always evolving. The Catalyst state team stays on top of trends, frequently consulting with SALT practitioners …
When Is a Dependent Child Considered to Be Age 26 for Purposes of Terminating Group Health Plan Coverage?
QUESTION: Our company sponsors a group health plan that offers coverage to eligible employees and dependent children. We understand that …