Senate Makes a Move Toward Tax Reform
Senate Republicans unveiled their version of a budget resolution to set up tax reform Wednesday afternoon, with significantly different deficit instructions than …
Paul Atkins Moves Closer to Becoming SEC Chair as Senate Panel Advances His Nomination
The Senate Banking Committee on April 3, 2025, voted 13 to 11 to advance the nomination of Paul Atkins to …
Expert Sees Growing Litigation Over Internet Tax Freedom Act as States Mull New Digital Taxes
A state and local tax expert foresees increasing litigation over taxes on internet access and electronic commerce, primarily due to …
Massachusetts Looks to Follow States Limiting P.L. 86-272 Protection for Internet Activities
The Massachusetts Department of Revenue has announced proposed amendments to its corporate income tax nexus regulation that would treat some …
States, Policy Orgs Support Crypto Trader in Fourth Amendment Claim Against IRS
A group of states and nonprofit policy organizations encouraged the Supreme Court to grant cert to a digital asset exchange …
Fraudulent Operator Sentenced to 15.5 Years, Ordered to Pay $434 Million for Fraud, Tax Crimes
Joseph LaForte, an operator of a fraudulent investment scheme in Philadelphia, PA, was sentenced to 15 and a half years in prison …
Court Dismisses PBM Expenses Lawsuit, but Expresses Sympathy for Participants
Navarro v. Wells Fargo, 2025 WL 897717 (D. Minn. 2025) Available at https://www.govinfo.gov/content/pkg/USCOURTS-mnd-0_24-cv-03043/pdf/USCOURTS-mnd-0_24-cv-03043-0.pdf A group of former participants in a …
Audit Deficiency Rate Drops in 2024 in Sign of Improvement
The quality of public company audit is improving—at least according to Public Company Accounting Oversight Board (PCAOB) inspection results. After …
At Hearing on Combating Fraud, Some Call for Repeal of Corporate Transparency Act
A recent House subcommittee hearing featured a discussion on how to best protect Americans from the growing risk of financial …
Mississippi Governor Signs Legislation Phasing Out Individual Income Tax
By Ashleigh M. Paige, Esq., Checkpoint On March 27, 2025, Mississippi Governor Tate Reeves signed the Build-Up Mississippi Act, legislation …