Arkansas Cuts Individual and Corporate Income Tax Rates
By James W. O’Brien, Esq., Checkpoint News Arkansas Governor Sarah Huckabee Sanders has signed legislation that reduces the top individual …
Experts Find Profitable Corporations Paid Little or No Federal Income Tax in 2025
At least 88 of the largest corporations in the U.S. paid no federal income tax in 2025, while major U.S. …
West Virginia Cuts Personal Income Tax Rates
By Lisa Lopata, Esq. Checkpoint News West Virginia has reduced its personal income tax rates beginning on January 1, 2026, …
What OBBB Means for Your Clients’ Itemized Deductions
Practitioner’s Tax Action Bulletin® February 2, 2026 The 2025 Act (also referred to as the One Big Beautiful Bill or …
States Consider, Take Up ‘Wealth Taxes’
State level “millionaire taxes” have been proposed – and adopted – around the country, including in Massachusetts, Minnesota, and Washington …
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 …