Act Fast: Protect Pandemic Era Claims for Refund
By Shannon Christensen, J.D., MBT April 22, 2026 A Major Taxpayer Victory — Kwong v. U.S. In a significant taxpayer …
Acronyms Help Accountants Work Faster. But Are There Too Many?
Accounting has a language problem. APIC. COGS. SCF. PP&E. Inside the profession, those terms are standard shorthand—efficient, precise and familiar …
Bill Seeks Earned Income Tax Credit Boost per Child for Working Parents
Representative Kristen McDonald Rivet (D-MI) introduced legislation that would expand the Earned Income Tax Credit (EITC) to provide working parents …
House GOP Calls for IRS, SEC Funding Cuts, Demands Resolution on Corporate Transparency Act
The House Appropriations Committee released a bill to fund IRS, SEC, and certain other regulators in fiscal year 2027, calling …
Experts Find Profitable Corporations Paid Little or No Federal Income Tax in 2025
At least 88 of the largest corporations in the U.S. paid no federal income tax in 2025, while major U.S. …
What Rules Apply to 401(k) Plan Loan Repayments During a Participant’s Military Leave?
QUESTION: We have several 401(k) plan participants who have been called to active military service and would like to suspend …
FDIC Proposes Comprehensive Reporting, Audit Rules for Stablecoin Issuers Under GENIUS Act
The Federal Deposit Insurance Corp.’s (FDIC) April 7, 2026, proposed rulemaking tied to the Guiding and Establishing National Innovation for …
Experts Mull Revenue Raisers to Combat Budget Deficits
Tax policy experts debated whether rising federal debt poses an imminent fiscal crisis or a slower erosion of American living …
West Virginia Enacts Defined Audit Disclosure Rules, Replacing General Rule
By Lisa Lopata, Esq., Checkpoint News West Virginia has clarified the bar on public disclosure of its Tax Division’s internal …
Companies Rush to Market Only to See Deals Falter Over Financial Reporting Gaps
A growing wave of retirement-age business owners is heading for the exit—and private equity firms are knocking harder than ever. …