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 …
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 …