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 …
Small Business R&E Expensing Changes Explained
Small businesses with domestic research and experimental (R&E) expenses have new options under the 2025 Tax Act, or One Big …
Premium Tax Credit Changes Ahead
The July 4 Tax Act (P.L. 119-21) will soon make it harder for many obtain health coverage – recent regulatory …
IRS Has No Tax Data Sharing ‘Policy,’ Government Tells Court
A federal judge should deny a motion to block the IRS from providing outside agencies with identifying tax information about …
IRS Withdraws Rule on Tax Return Disclosures in Connection with Passport Services
The IRS will not proceed with a rulemaking that would have authorized the State Department to disclose taxpayer return information …