House Budget: Updated Cost, Distributional Estimates
Budget scorers and policy think tanks have weighed in on the budget reconciliation package’s expected impact on the federal deficit …
In Dispute Over Deceased Participant’s 401(k) Plan Benefits, Clear Plan Documents Fulfill Fiduciary Duty
LeBoeuf v. Entergy Corp., 2025 WL 1262414 (5th Cir. 2025) Available at https://www.ca5.uscourts.gov/opinions/unpub/24/24-30583.0.pdf Following a 401(k) plan participant’s death, his …
Vermont Enacts Omnibus Tax Legislation
By David Engel On May 21, 2025, Governor Phil Scott signed into law omnibus tax legislation that updates Vermont’s conformity …
Treasury, DOGE to Continue IRS Overhaul as Judge Blocks More Agency Downsizing
The head of the Treasury Department and a Department of Government Efficiency (DOGE) associate indicated the collaboration between the two …
SALT Provision Buried in House’s “Big Beautiful Bill” Would Curtail State Income Taxation Under P.L. 86-272
A proposed amendment buried under “Other Matters” in the House reconciliation proposal (the “One Big Beautiful Bill”) that advanced to …
Expert Shares How Tax Reform May Impact the Real Estate Sector
The reconciliation bill that made its way through the House Thursday morning contains a plethora of tax provisions, including several …
PCAOB to Form Smaller Firm Resource Group to Advise Staff
As the Public Company Accounting Oversight Board (PCAOB) focuses on the implementation of new standards and rules adopted in the …
House Rules Committee Debates One Big Beautiful Bill
Editor’s note: The House passed the bill the morning of 5/22 by a vote of 215-214. One member voted “present” …
Understanding E-Verify+: A Streamlined Approach to Employment Verification
By Vicky Petties All U.S. employers are required to complete Form I-9, Employment Eligibility Verification, to verify the identity and work authorization …
Senators Grill IRS Nominee on Conflicts, Experience
The Senate Finance Committee questioned Billy Long, President Donald Trump’s pick for IRS commissioner, about his potential conflicts of interest …