Expert Sees Growing Litigation Over Internet Tax Freedom Act as States Mull New Digital Taxes
A state and local tax expert foresees increasing litigation over taxes on internet access and electronic commerce, primarily due to …
Thomson Reuters Tax & Accounting News
Massachusetts Looks to Follow States Limiting P.L. 86-272 Protection for Internet Activities
The Massachusetts Department of Revenue has announced proposed amendments to its corporate income tax nexus regulation that would treat some …
States, Policy Orgs Support Crypto Trader in Fourth Amendment Claim Against IRS
A group of states and nonprofit policy organizations encouraged the Supreme Court to grant cert to a digital asset exchange …
Fraudulent Operator Sentenced to 15.5 Years, Ordered to Pay $434 Million for Fraud, Tax Crimes
Joseph LaForte, an operator of a fraudulent investment scheme in Philadelphia, PA, was sentenced to 15 and a half years in prison …
Court Dismisses PBM Expenses Lawsuit, but Expresses Sympathy for Participants
Navarro v. Wells Fargo, 2025 WL 897717 (D. Minn. 2025) Available at https://www.govinfo.gov/content/pkg/USCOURTS-mnd-0_24-cv-03043/pdf/USCOURTS-mnd-0_24-cv-03043-0.pdf A group of former participants in a …
Audit Deficiency Rate Drops in 2024 in Sign of Improvement
The quality of public company audit is improving—at least according to Public Company Accounting Oversight Board (PCAOB) inspection results. After …
At Hearing on Combating Fraud, Some Call for Repeal of Corporate Transparency Act
A recent House subcommittee hearing featured a discussion on how to best protect Americans from the growing risk of financial …
Mississippi Governor Signs Legislation Phasing Out Individual Income Tax
By Ashleigh M. Paige, Esq., Checkpoint On March 27, 2025, Mississippi Governor Tate Reeves signed the Build-Up Mississippi Act, legislation …
Accounting Firms, Trade Orgs Support Coca-Cola in Transfer Pricing Case
Three of the Big Four accounting firms, as well as two major trade organizations, filed amici curiae briefs with the …
Former Taxpayer Advocate Olson on IRS Cuts, DOGE
Center for Taxpayer Rights Executive Director Nina Olson, the previous National Taxpayer Advocate, warned that IRS workforce reductions and the …
USCIS Reaches H-2B Cap for Second Half of FY 2025
The U.S. Citizenship and Immigration Services (USCIS) has reached the Congressionally-mandated cap on H-2B visas for temporary non-agricultural workers for …
Amid IRS Staffing Cuts, Case Timelines Impacted
As the IRS wades through staffing cuts and changes at the leadership level, one practitioner sees a “silver lining” for …
Clayton Started More Accounting Enforcement Actions Than Gensler at SEC
The average number of accounting and auditing enforcement actions initiated per year during Jay Clayton’s tenure as Securities and Exchange …