PCAOB’s Investor Panel Seeks Nominations for Best Critical Audit Matters
For the second year, the Public Company Accounting Oversight Board (PCAOB) Investor Advisory Group (IAG) is asking the public to send in …
House Bill Would Expand Protection from State Income Taxation Under P.L. 86-272, Invalidating State Interpretations
Last Wednesday, the House Judiciary Committee advanced a version of the federal reconciliation bill that would arguably enact the most significant Congressional …
TIGTA Breaks Down IRS Workforce Reduction as More Cuts Loom
The Treasury Inspector General for Tax Administration (TIGTA) reviewed details of workforce reduction efforts taken by the IRS thus far, …
Kansas Announces Sales and Use Tax Rate Changes Effective July 1, 2025
By Ashleigh M. Paige Effective July 1, 2025, the combined Kansas state and local sales and use tax rates will …
Korb Tapped Again for IRS Chief Counsel
Sullivan & Cromwell attorney Donald Korb — who served as chief IRS legal advisor under President George W. Bush — …
Big 4 Firms Talk Tax Bill Timeline 100 Days Into Trump’s Term
Tax professionals from Big Four firms discussed when to expect movement on upcoming major tax legislation and what businesses can …
SCOTUS Clarifies Differential Pay for Reservists During National Emergencies
The Supreme Court recently issued a ruling in the case of Feliciano v. Department of Transportation, addressing the issue of differential …
IRS Appeals Chief Shares Game Plan Given Staffing Cuts
Despite staffing losses and a hiring freeze, IRS Independent Office of Appeals Chief Liz Askey is “cautiously optimistic” that her …
Can an Employee Make a Midyear Cafeteria Plan Election Change on Account of Financial Hardship?
QUESTION: One of our employees elected to contribute $2,000 to his health FSA for 2025 to help pay for anticipated …
Treasury Hopes to Offset Tax Cut Costs With Tariff Revenue
Treasury Secretary Scott Bessent expressed optimism on President Trump’s 100th day in office about the progress of negotiations with congressional …