CROWE LLP

ACC · Accounting

Issues impacting the accounting and auditing profession; PCAOB matters, including disciplinary proceedings, legislation related to the Sarbanes Oxley Act and proposed amendments to Auditing Standards; Digital assets attestation issues related to proof of reserves and stablecoin legislation; Issues related to Artificial Intelligence (AI) accountability and attest; Independence of accounting standard setting.

EDU · Education

Legislation adding accounting to STEM definition including H.R. 2911 and S. 3784 the Accounting STEM Pursuit Act.

Literal federal measure citations: H.R. 2911, S. 3784

TAX · Taxation/Internal Revenue Code

General issues related to multiple areas of the tax law and code including: Implementation of the One Big Beautiful Bill Act, P.L. 119-21, including the provisions related to no tax on tips, no tax on overtime, Trump accounts; Individual, S corporation, partnership, trust and estate implementation and extension issues regarding the Tax Cuts and Jobs Act, P.L.115-97, including SALT cap passthrough entity-level taxes and specified service trades or businesses; The taxation of digital assets; digital assets reporting, including the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act, P.L. 119-27; Legislative proposals on tax simplification, tax reform, and technical tax changes; Mobile workforce and state income tax simplification issues, including the Mobile Workforce State Income Tax Simplification Tax Act (S. 1443); Methods and periods issues, including section 174 research and experimentation expensing, and other expired and expiring provisions; Partnership taxation issues, basis-shifting transactions; Individual tax issues, including qualified business income section 199A;

Literal federal measure citations: S. 1443