Officials, law firms, oppose proposed private school exemption rules
House Democrats, state attorneys general, and law firms are urging the Treasury Department and the IRS to withdraw or narrow …
If Our Employees Complete a Tobacco Cessation Program Midyear, Are They Entitled to a Retroactive Refund of Tobacco-Use Premium Surcharges Paid Earlier in the Year?
QUESTION: Our company is thinking about implementing a tobacco-use premium surcharge next year. If an employee were to complete a …
Partnership deals present unexpected Subchapter K traps, experts say
Partnership deals can carry unexpected federal tax consequences, from how a transaction is classified to how a recent capital contribution …
PCAOB proposes tying comfort letter negative assurance to filing deadlines amid SEC semiannual reporting project
The Public Company Accounting Oversight Board (PCAOB) on November 3, 2026, voted unanimously to issue a proposal that would change …
Iowa bitcoin mining company not qualified for data center sales, use and property tax exemptions
By Lisa Lopata, Esq., Checkpoint News The Iowa Department of Revenue issued a declaratory order concluding that a bitcoin mining …
Midterms unlikely to undo OBBB business breaks, expert says
Whatever the outcome of Tuesday’s midterm elections, permanent business deductions in the One Big Beautiful Bill (OBBB) are likely safe, …
Bisignano says IRS will use ‘super intelligence’ to speed service, collections
IRS CEO Frank Bisignano said the agency plans to make aggressive use of “super intelligence” in 2027, framing the technology …
Tax pros break down limited partner cases, Trump account rules
Tax practitioners should watch how appellate courts apply self-employment tax to limited partners, weigh new employer options for funding children’s …
OBBB expands itemizing but complicates year-end planning, CPA says
Last year’s federal tax law gave more taxpayers reason to itemize, but income-based phaseouts and state decoupling have complicated year-end …
Study sees I-9 compliance shifting from onboarding to continuous oversight
For payroll departments accustomed to reconciling tax filings, wage records and employee populations, another reconciliation may deserve a place on …