Wealth Management Expert’s Post OBBBA Planning Tips for High Earners
Michele Martin heads the wealth management practice at EisnerAmper and is the president of Prosperity. She shared with Checkpoint her …
OB3 SALT Cap Increase – Why Pass-through Entity Tax Elections Still Make Sense
Practitioner’s Tax Action Bulletin® Advisory Background The Tax Cuts and Jobs Act (TCJA) brought sweeping changes to the tax …
‘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 …
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 …
House Ways and Means Releases Partial Tax Bill Text
On Friday, May 9, the Ways and Means Committee shared partial text for the tax portion of a reconciliation bill …
Relief for Taxpayers Who Can’t Pay Their Tax Bill
Shannon Christensen April 20, 2025 As a tax practitioner, your role extends beyond preparing tax returns; you are a vital …
Trump Renews Call for Tax-Free Tips
President Donald Trump renewed his call to eliminate federal taxes on tipped income last weekend. Lawmakers have offered a few …
Key 2025 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 …
Newly Issued FASB Rules Require Fuller Disclosure of Taxes Paid in US, Other Countries
The nation’s main accounting rulemaker on December 14, 2023, published new disclosure rules that require more transparency about income taxes …
Tax Court Revisits Test for Timely Supervisory Penalty Approval
The Tax Court has determined that written supervisory approval for the accuracy-related penalties at issue was timely. The tax compliance …