Trump Orders Treasury to Axe Clean Energy Credit Guidance
President Trump signed an executive order Monday directing the Treasury Department to pull the plug on regulatory and other guidance projects relating …
Thomson Reuters Tax & Accounting News
SEC Investor Advocate to Examine Risks of China-Based VIEs
In a report to Congress, the Securities and Exchange Commission’s (SEC) Office of the Investor Advocate (OIAD) said that it …
R&E Provisions in the New Tax Act
Experts highlighted several business-friendly provisions in the July 4th tax and spending package — including revisions to the research and experimental …
DOL Proposes Rule to Reinstate FLSA Exemptions for Domestic Workers
The U.S. Department of Labor (DOL) proposed a new rule that would reinstate long-standing exemptions under the Fair Labor Standards Act (FLSA) …
Does an Employee’s Prior Consent to Electronic Furnishing of Form W-2 Also Apply to Receiving Form 1095-C Electronically?
QUESTION: Our company is an applicable large employer (ALE) and would like to distribute Form 1095-C electronically to employees. If …
Checkpoint’s Exclusive Executive Summary of the 2025 Tax Act
In a series of marathon Senate and House sessions leading up to the July 4th holiday, Congress passed the Act …
Transition Challenges Expected as Treasury Goes Paperless
Back in March, President Trump issued an executive order mandating that Treasury and the IRS largely transition to electronic payments, …
Wisconsin Governor Tony Evers Signs 2025-2027 Budget Bill
By Samantha A. Fong On July 3, 2025, Wisconsin Governor Tony Evers signed the biennial state budget for 2025-2027, which amends …
IRS, Treasury Roles Filled as Tax Package Reaches Finish Line
While all eyes have been on the One Big Beautiful Bill, Senate Republicans have also been pushing through President Trump’s …
Republicans Tee Up House Vote on Trump Bill, Outcome Uncertain
By David Morgan, Richard Cowan, and Bo Erickson Republicans in the House of Representatives on Wednesday teed up a procedural vote on …
Miami Man Sentenced to 6.5 Years for $2.3M COVID-19 Unemployment Fraud Scheme
A Miami resident has been sentenced to 78 months in federal prison for orchestrating a multi-state unemployment insurance fraud scheme that exploited …
U.S. Supreme Court Upholds Challenged Portions of ACA Preventive Services Mandate
Kennedy v. Braidwood Mgmt., Inc., 2025 WL 1773628 (U.S. 2025) Available at https://www.supremecourt.gov/opinions/24pdf/24-316_869d.pdf The U.S. Supreme Court has ruled on …
CPAs Welcome Senate SALT Changes
As Republicans continue to move forward on their One Big Beautiful Bill Act (H.R. 1), the American Institute of CPAs …