Changes Ahead for Taxpayers with Discharged Student Loan Debt
A Biden-era tax exclusion for certain student loan discharges is set to expire at year-end, causing discharged balances to be …
Disclosure Rationalization Project Likely Means Major Overhaul of SEC Rules, Former Officials Say
While SEC Chair Paul Atkins’s first rulemaking agenda is significantly shorter compared to that of his predecessor, Gary Gensler, there …
Former SEC Officials Welcome Leadership Change in Corporation Finance Division
At a conference, former SEC officials—now in private practice—were enthusiastic about the newly appointed director of the Division of Corporation …
Tax Pros Urge Caution in 2025 Overtime Reporting
The new federal overtime deduction – adopted midyear but effective for qualified overtime earned beginning January 1, 2025 – has …
Corporate Alternative Minimum Tax Guidance: What We Know So Far
In a November 6 webcast, a panel of Ernst & Young (EY) tax professionals analyzed the suite of interim IRS …
Do We Have to File a Gag Clause Prohibition Compliance Attestation Every Year?
QUESTION: We have previously filed a Gag Clause Prohibition Compliance Attestation (GCPCA) for our self-insured group health plan. Do we …
New ACA Premium Tax Credit Options Floated
The Senate has advanced a package to end the shutdown – with House consideration expected today. The package, however, holds …
Maine Announces Individual Income Tax Rate Schedules, Personal Exemption, Standard Deduction for 2026
Maine Revenue Services has released the individual income tax rate schedules and the personal exemption and standard deduction amounts, adjusted …
How the OBBB Impacts Year-End Charitable Giving
The One Big Beautiful Bill Act (OBBB) makes several changes to the charitable deduction beginning in 2026, including introducing new …
IRS Updates Shutdown Contingency Plan
The IRS quietly updated its lapsed funding contingency plan, slightly boosting the number of staff working during the shutdown. The …