News
Rhode Island, Louisiana introduce alternative pathways bills
3+ hour, 15+ min ago (300+ words) Rhode Island and Louisiana are the latest states to introduce legislation to create alternative pathways to CPA licensure. Rhode Island Rep. Stephen Casey introduced a House bill on Feb. 27, which was referred to the House Corporations Committee, as reported by…...
House plan sets tax harbor for stablecoins, crypto staking
2+ mon, 3+ week ago (657+ words) A bipartisan House duo is drawing up a cryptocurrency tax framework that would provide a safe harbor for some stablecoin transactions and delay taxation of rewards earned by verifying blockchain transactions. The cryptocurrency sector has clamored for legislation that would…...
Open enrollment changes under SECURE 2.0 Act
2+ mon, 4+ week ago (521+ words) "Any new plan that's established now must include an automatic enrollment provision, and that really drives behavior for employees to be automatically enrolled," said Ron Ulrich, vice president of product consulting and compliance at ADP Retirement Services. "The path to…...
Trump's promised big tax cuts are expected to disappoint the average worker
3+ mon, 1+ day ago (1046+ words) President Donald Trump promised Americans big tax refunds next year. Many filers " particularly those who could most use the financial boost " may soon be disappointed." "Your sort of typical W-2 worker with no kids will see very little change year-over-year," said…...
Hospital payments targeted as GOP grasps for health plan
3+ mon, 5+ day ago (576+ words) Republican congressional leaders are considering a Medicare pay cut for hospitals as GOP lawmakers try to come up with a counterproposal to Democrats' demands to renew Obamacare subsidies, House Majority Leader Steve Scalise said Wednesday. The policy was included in…...
Obamacare tax credit fraud risks persist
3+ mon, 1+ week ago (308+ words) Identity theft, fictitious applicants and other forms of fraud continue with the advance premium tax credit for buying health insurance under the Affordable Care Act, according to a new report from the Government Accountability Office that comes at a time…...
IRS allows staking of crypto assets in trusts
4+ mon, 5+ day ago (421+ words) The Internal Revenue Service has provided a safe harbor for certain kinds of trusts enabling them to stake their digital assets without jeopardizing their tax status as investment trusts and grantor trusts for federal income tax purposes." Revenue Procedure 2025-31 describes…...
Expiration of enhanced premium tax credits tied to heavy job losses
4+ mon, 4+ week ago (413+ words) The upcoming expiration of premium tax credits for health insurance could lead to hundreds of thousands of job losses and billions of dollars in reductions to state revenues, according to a new analysis. The analysis finds that if the enhanced…...
Health insurers avoided $34B in taxes while denying claims
6+ mon, 1+ week ago (310+ words) Eight major health care corporations were able to avoid $34 billion in taxes thanks to the Tax Cuts and Jobs Act, while increasing costs, denying care to customers, and cutting staff, according to a new report. The One Big Beautiful Bill…...
Trump tax law squeezes poor, CBO says
7+ mon, 4+ day ago (621+ words) President Donald Trump's tax and spending law will deal a financial blow to the poorest Americans while boosting the income of wealthier households, according to a new analysis from the Congressional Budget Office. The poorest 10% of households will lose an…...