District of Columbia Enacts 2026 Budget Support Legislation
By Denis Del Bene, Checkpoint News The District of Columbia has enacted emergency budget support legislation for Fiscal Year 2026. …
Small Business R&E Expensing Changes Explained
Small businesses with domestic research and experimental (R&E) expenses have new options under the 2025 Tax Act, or One Big …
Premium Tax Credit Changes Ahead
The July 4 Tax Act (P.L. 119-21) will soon make it harder for many obtain health coverage – recent regulatory …
IRS Has No Tax Data Sharing ‘Policy,’ Government Tells Court
A federal judge should deny a motion to block the IRS from providing outside agencies with identifying tax information about …
After September, DOL Will No Longer Accept Paper Checks
DOL Notice: Transition to Electronic Payments and Disbursements (Aug. 22, 2025), 90 Fed. Reg. 41843 (Aug. 27, 2025) Available at …
SEC Opens Comment Period on PCAOB’s Delay of Quality Control Standard
Now that the Public Company Accounting Oversight Board (PCAOB) on August 28, 2025, decided to postpone the implementation of its …
IRS Withdraws Rule on Tax Return Disclosures in Connection with Passport Services
The IRS will not proceed with a rulemaking that would have authorized the State Department to disclose taxpayer return information …
With Congress Back, Here’s What to Watch in Tax
Lawmakers return to Washington this week after over a month-long recess, and funding the government is expected to be first …
Payroll Professionals Weigh Overtime Reporting Changes as Related IRS Drafts Forms Surface
The Highlights New Tax Break: Up to $12,500 in overtime pay is now tax-deductible for eligible workers. Employer Role: Employers …
Illinois Offers Tax Amnesty
The Illinois Department of Revenue has issued an informational bulletin providing detailed information on tax amnesty which is available to …