‘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 …
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 …
Concerns Grow as Premium Tax Credit Sunset Looms
The newly passed tax act extended many key expiring provisions – but one thing it didn’t address is enhanced health …
IRS Offers ‘Simplified’ Corporate Alternative Minimum Tax Calculation Method
The IRS issued new interim guidance for the corporate alternative minimum tax (CAMT) enacted nearly three years ago in the …
Reconciliation Bill Doesn’t Go Far Enough to Tackle ‘Care Crisis,’ Say Groups
Child care providers and advocates are celebrating a provision in the One Big Beautiful Bill Act (OBBBA, H.R. 1) that would …
House Rules Committee Debates One Big Beautiful Bill
Editor’s note: The House passed the bill the morning of 5/22 by a vote of 215-214. One member voted “present” …
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 …
The Future of the Child Tax Credit
With many provisions of the 2017 Tax Cuts and Jobs Act (TCJA, P.L. 115-97) set to expire at year end and …
Final IRS Regs Possibly Subject to Congressional Review
The Treasury Department during the Biden administration used its final months to finalize or correct several IRS regs, including guidance …