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 …
IRS Offers ‘Simplified’ Corporate Alternative Minimum Tax Calculation Method
The IRS issued new interim guidance for the corporate alternative minimum tax (CAMT) enacted nearly three years ago in the …
Reconciliation Bill Doesn’t Go Far Enough to Tackle ‘Care Crisis,’ Say Groups
Child care providers and advocates are celebrating a provision in the One Big Beautiful Bill Act (OBBBA, H.R. 1) that would …
Tax Court Again Uses Functional Test to Deem Partners Limited ‘In Name Only’
The Tax Court, following recent precedent, determined that three partnership members were not limited partners based on their day-to-day functions …
Audit Committee Chairs Expect Clear, Open Communications From Auditors–PCAOB Report
During discussions with external auditors, public company audit committee chairs focus significantly on factors affecting their relationships, such as communication, …
DOL Recovers Over $270K in Back Wages, Damages for 157 Workers
An investigation by the U.S. Department of Labor (DOL) led to the recovery of over $207,470 in back wages and damages for …
CPAs Concerned About SALT, Contingent Fee Provisions in Tax Reform Bill
As congressional Republicans move forward with a reconciliation bill that would extend and revise tax provisions, the American Institute of …