SCOTUS: IRS Levy Abandonment Moots Collection Appeals in Tax Court
The Supreme Court in an 8-1 decision held that the Tax Court lacks jurisdiction under Code Sec. 6330 to review appeals of …
Thomson Reuters Tax & Accounting News
Section 899 to Bring ‘Challenges’ But Will Survive in Senate Budget Bill, Tax Pros Say
Tax professionals expect a proposed addition to the Tax Code featured in the House-passed One Big Beautiful Bill Act (OBBBA, H.R. …
SEC Staff Preparing In Case PCAOB Is Eliminated
The Securities and Exchange Commission (SEC) staff is preparing to assume the responsibilities of the Public Company Accounting Oversight Board …
Can Our Company Require a Third-Party EAP Vendor to Provide Us With Reports on Employees Undergoing Mandatory Drug Counseling?
QUESTION: Our company’s policy dictates that an employee whose drug test is positive must complete mandatory drug counseling under a …
SALT Cap Workaround for Pass-Through Entities in Precarious Position
While lawmakers have largely focused on the individual impacts of the state and local tax (SALT) deduction cap, the One …
Nebraska Amends State Sales Tax Rate, Other Provisions
By Lauren M. Curran Nebraska Governor Jim Pillen has signed legislation that changes the state sales tax rate, amends definitions …
FASB Advisers Warn: Disclosures Lacking Around Trillion-Dollar Private Credit Market
“No burning issues” stand out that would merit an accounting overhaul for reporting about private credit agreements, but certain disclosures …
Most Direct File Users Had Positive Experience This Tax Season, IRS Quietly Admits
Although the future is doubtful for the future of IRS Direct File, taxpayers who completed and submitted their federal tax …
CPAs Urge IRS to Address Processing Delays
Amid IRS budget and staffing cuts, the Texas Society of CPAs is urging the agency to take several steps to …
Catholic Charities Entitled to State Unemployment Tax Exemption, Says SCOTUS
In a unanimous decision, the U.S. Supreme Court held that Wisconsin violated a church-affiliated charity’s First Amendment rights by denying …
Former Regulators, Academics Say Provision to Eliminate PCAOB Violates ‘Byrd Rule’
Dozens of former regulators and academics are urging senators to oppose a provision in a budget reconciliation bill that would …
What to Watch as the Senate Takes Up Trump’s Tax and Spending Bill
With the Senate now considering the One Big Beautiful Bill Act, policy experts expect several hiccups as Republicans work toward …
OPR: How to Request Circular 230 Investigation Records
Practitioners may request information from the Office of Professional Responsibility (OPR) regarding investigations into their potential violations of the document …