California Legislature Overturns OTA Decision, Negates APA Requirements, Raising Broader Deference Questions
by Niki Ford As previously reported in Checkpoint State Tax Update,1 California Governor Gavin Newsom on June 27, 2024, signed into …
Treaty Does Not Exempt Tribe Member From Self-Employment Tax, Court Holds
There is no treaty between the federal government and a Minnesota Native American tribe, nor any statute “expressly or implicitly” …
New Jersey Creates New Credit for AI Businesses
By David Engel On July 25, 2024, Governor Phil Murphy signed legislation that will provide tax credits to eligible artificial …
Tax Pros Discuss Impact of Loper Bright on IRS Regs
The Supreme Court’s decision in Loper Bright Enterprises v. Raimondo that overturned the long-standing Chevron doctrine’s deference to government agencies’ statutory interpretations may have …
Lawmakers Unite Against IRS Plan to Limit Access to Taxpayer Data for Child Support Enforcement
In a show of bipartisanship, the House Ways and Means Committee unanimously advanced a bill that would allow child support …
PCAOB Criticizes Deloitte for the Same Quality Control Problems Three Years in a Row; Flags Deficiencies at Six Firms
The Public Company Accounting Oversight Board (PCAOB) has criticized Deloitte & Touche LLP for failing to address quality control (QC) …
IRS Issues Final and Proposed Required Minimum Distribution Regulations Reflecting SECURE and SECURE 2.0 Act Changes
Final Regulations, Required Minimum Distributions, 29 CFR Parts 1, 31, and 54, 89 Fed. Reg. 58886 (July 19, 2024); Notice …
No Substantial Changes to IRS’s 2025 Draft Form 941
The IRS’s 2025 draft version of Form 941, Employer’s Quarterly Federal Tax Return, contains no substantial changes from the current 2024 version. …
IRS: ‘Key Milestones’ Hit in Online, In-Person Service Expansion
In providing an update on how the IRS is progressing towards ‘transformation efforts’ using Inflation Reduction Act (PL 117-169) funds, …
Tax-Exempt Orgs Under Additional House Scrutiny
Lawmakers considered how best to increase transparency around tax-exempt organizations’ activities and funding mechanisms at a July 23 hearing — amid calls …