IRS Office of Professional Responsibility issues guidelines on AI use in tax practice
The IRS Office of Professional Responsibility (OPR) has released new introductory guidelines clarifying how existing professional standards under Circular 230 …
Sanders calls for tax on ‘systemically important AI activity,’ payable in equity
Senator Bernie Sanders (I-VT) has proposed a remittance tax on certain artificial intelligence companies amounting to 50% of the company’s …
Qualified Opportunity Zone transitional guidance issued
The IRS released transitional guidance on Qualified Opportunity Zones (QOZs) following recent legislative changes. The guidance addresses how investors and …
After clean energy credit eligibility ruling, tax pro advises ‘staying the course’
Earlier this month, the U.S. District Court for the District of Columbia vacated Treasury guidance that had limited options for …
As trust fund nears insolvency, SSA chief actuary shares options
The Social Security Administration’s (SSA) Old-Age and Survivors Insurance (OASI) Trust Fund, which pays retirement benefits, is now projected to …
Maryland Extends Income and Property Tax Incentives to Include U.S. Space Force Members
By Saleem A. Shareef, Esq., Checkpoint News On May 26, 2026, Maryland Governor Wes Moore signed legislation that amends the …
IRS silence on prediction market winnings to cause confusion as World Cup begins
The 2026 FIFA World Cup is bringing international visitors to the United States, and many can wager on match outcomes …
SEC Staff Eye AI Reminders, Not Prescriptive Rules, for Financial Reporting
Public company accountants and auditors have been using artificial intelligence (AI) for financial reporting matters largely without new regulatory requirements. …
New initiative aims to extend Trump account benefits to foster children
The Trump administration announced plans to allow child welfare agencies to elect to open a Trump account for children in …
Former Congressional Tax Counsel Unpacks Planned Form 990 Overhaul
Following Treasury’s recent announcement that it plans to revise Form 990 — the information return required annually of tax-exempt organizations — a …