Clean Energy Sector Awaits Guidance on New Foreign Entity of Concern Restrictions
The One Big Beautiful Bill (OBBB, P.L. 119-21) imposes complex foreign entity of concern (FEOC) restrictions on clean energy credits – …
‘No Tax on Tips’ Regs Proposed, Hearing Scheduled
The IRS released proposed regs implementing the “no tax on tips” provision of the One Big Beautiful Bill (OBBBA), outlining …
Dems, Advocacy Orgs Announce Billionaire Tax Plan
Editor’s Note, 9/19/2025: This article has been revised to more clearly attribute effective tax rate figures cited by advocate organizations …
Battle Over Health Care Tax Credits Heats Up
The debate over whether to extend a tax credit to offset taxpayers’ health care insurance premium costs could derail efforts …
Corporate Transparency Act Update
Those that submitted beneficial ownership information before the filing requirement was narrowed earlier this year may be wondering about the …
EV Sales Expected to ‘Dip’ After Credits Expire Sept 30: Industry Expert
Accelerated phaseout dates for the new and used electric vehicle tax credits have led to a recent spike in sales …
PayrollOrg Compliance Chief Reacts to IRS Draft 2026 Forms Under OBBBA
The IRS recently released draft versions of the 2026 Form W‑2 and Form W‑4, along with Treasury’s preliminary list of tipped occupations, as …
Key 2026 Figures Calculated by Thomson Reuters Checkpoint Based on Inflation Data Now Available
Many tax, expensing, and penalty figures are adjusted annually for cost-of-living increases. These adjustments reflect the average chained Consumer Price …
Senators Grill IRS Chief Counsel Nominee
Senators questioned Donald Korb, Trump’s pick for the IRS’ chief legal advisor on Wednesday. Among their concerns – Korb’s recent …
White House Seeks Stopgap Government Funding Until Jan. 31, No. 2 House Republican Says
By David Morgan and Richard Cowan, Reuters The White House is seeking legislation that would extend current federal funding until …