SALT Cap Workaround for Pass-Through Entities in Precarious Position
While lawmakers have largely focused on the individual impacts of the state and local tax (SALT) deduction cap, the One …
Nebraska Amends State Sales Tax Rate, Other Provisions
By Lauren M. Curran Nebraska Governor Jim Pillen has signed legislation that changes the state sales tax rate, amends definitions …
Most Direct File Users Had Positive Experience This Tax Season, IRS Quietly Admits
Although the future is doubtful for the future of IRS Direct File, taxpayers who completed and submitted their federal tax …
CPAs Urge IRS to Address Processing Delays
Amid IRS budget and staffing cuts, the Texas Society of CPAs is urging the agency to take several steps to …
Catholic Charities Entitled to State Unemployment Tax Exemption, Says SCOTUS
In a unanimous decision, the U.S. Supreme Court held that Wisconsin violated a church-affiliated charity’s First Amendment rights by denying …
Former Regulators, Academics Say Provision to Eliminate PCAOB Violates ‘Byrd Rule’
Dozens of former regulators and academics are urging senators to oppose a provision in a budget reconciliation bill that would …
What to Watch as the Senate Takes Up Trump’s Tax and Spending Bill
With the Senate now considering the One Big Beautiful Bill Act, policy experts expect several hiccups as Republicans work toward …
OPR: How to Request Circular 230 Investigation Records
Practitioners may request information from the Office of Professional Responsibility (OPR) regarding investigations into their potential violations of the document …
Commissioner Peirce Explores Coming Shifts in SEC Priorities
At a Washington conference, Securities and Exchange Commission (SEC) Commissioner Hester Peirce said that under Chair Paul Atkins, the commission …
Maryland Enacts Appeals Process for Digital Advertising Gross Revenues Tax
By Saleem A. Shareef On May 20, 2025, Maryland Governor Wes Moore signed legislation that establishes the process for appealing …