Republicans Say AI Could Strengthen Tax Fraud Detection
A group of Republicans on the House’s taxwriting committee are pushing for an examination of how artificial intelligence can be …
Chart Summary of Individual Tax Provisions – One Big Beautiful Bill
Practitioner’s Tax Action Bulletin® On 7/4/2025, President Trump signed the One Big Beautiful Bill Act (P.L. 119-21; “the 2025 Act”), …
What Happens to Qualified Transportation Plan Balances Upon Termination of Employment?
QUESTION: Our company wants to adopt a qualified transportation plan that would offer employer contributions toward mass transit expenses and …
IRS Proposes to Ease Reporting Rules for Partnership Interest Sales
The IRS has proposed regs to delay and revise the reporting requirements for partnership interest exchanges, aiming to address compliance challenges and …
E-Verify In 2025: What Employers Need to Know About Federal and State Compliance
E-Verify, the federal electronic employment verification system, continues to be a focal point in U.S. hiring compliance. While federally voluntary …
Digital Dollars on the Horizon? FASB Launches Study Amid White House Push for Clarity
The nation’s main accounting rulemaker, the Financial Accounting Standards Board (FASB), has kicked off critical research into how companies will …
Direct File Programmers Not Giving Up on Dream of a Cost-Free Tax Season
Though it may seem like the IRS’ free tax filing option available for its first full tax season this year …
Stablecoin Payroll Gains Momentum, but IRS Rules Pose Compliance Challenges
Startups in the Web3 and decentralized finance (DeFi) sectors are increasingly turning to stablecoins like USDC and USDT for payroll, …
Self-Reporting Misconduct Can Be Beneficial for Practitioners, OPR Says
Tax practitioners who self-report Circular 230 violations may avoid harsher sanctions and qualify for favorable settlements, the IRS’ Office of …
IRS Proposes Rules to Update Standard for Determining Line of Business for No-Additional-Cost Services, Qualified Employee Discount Exclusions
Notice of Proposed Rulemaking: Determination of Line of Business for Purposes of No-Additional-Cost Service and Qualified Employee Discount Fringe Benefits, …