IRS Updates

IRS UPDATES

IRS Updates on Remittance Tax, Last-Minute Filings, and Tip Deductions

Tax season always feels like that last-minute airport dash. Shoes in one hand, laptop in another, hoping you didn’t forget something critical. Now imagine TSA adding three new ru...

IRS UPDATES

IRS Unlocks Business Tax Accounts for More Entities

Remember the last time you tried calling the IRS for a simple update? You probably aged a little, made coffee twice, and questioned your life choices. Well, the agency seems to hav...

IRS UPDATES

IRS Flags New Tax Scams Linked to OBBBA Deductions

A client forwarded me a link last week with one line: “Is this legit?” The site claimed their refund would jump by $9,200 under the new tax law, no extra documents needed, just...

IRS UPDATES

What You Should Know About IRS Tax Extension 2026

It’s April 14. Your client calls in a panic. Documents are missing, numbers don’t add up, and there’s no way the return is getting filed on time. You give the sta...

IRS UPDATES

Why 1.4M Taxpayers Are Facing IRS Tax Refund Delays

Most taxpayers expect one thing during filing season: speed. File the return, wait a few weeks, and the refund lands. It’s predictable, almost routine. But this year, that ex...

IRS UPDATES

Why Your IRS Tax Refund Could Freeze in Tax Season 2026

Every tax season has its rituals. You file your return, check the refund tracker, and expect the money to arrive within a few weeks. For many taxpayers, that refund is already spok...

IRS UPDATES CPE Approved

IRS Moves to Simplify Foreign Currency Tax Rules

In 1991, the IRS handed us a blueprint for handling foreign currency inside Section 987. Then it sat on the shelf for three decades like a tax code time capsule. Fast forward to De...

IRS UPDATES CPE Approved

IRS Forms 1099-NEC and 1099-MISC Can Produce Different Tax Bills

A single IRS form can quietly move income from ordinary taxation into payroll-level taxes. And most clients have no idea it is happening. Every January, Forms 1099 start landing in...

IRS UPDATES CPE Approved

IRS Tax Pro Accounts Just Got a Grown-Up Upgrade

If you’ve ever managed a Centralized Authorization File (CAF) like it was a shared Netflix password, the IRS just showed up with a new rule: “Only approved us...

IRS UPDATES

IRS Grants Penalty Relief to Nearly 5M Taxpayers

When the IRS paused automated collection notices during the pandemic, it felt a bit like the opening act of The Godfather. A sudden calm. Letters stopped arriving. Phones went quie...

IRS UPDATES

IRS Breaks Down Overtime Deduction Rules Ahead of Tax Season

Overtime pay usually feels simple. You work late, you get time and a half, you move on. Then Congress adds a brand-new deduction, the IRS skips updating the W-2, and tax seaso...

IRS UPDATES

The IRS Revives a 40% Expatriation Tax with Form 708

For years, Section 2801 sat in the Code like an unplugged smoke detector. Everyone knew it existed. No one heard it chirp. Then, in January 2025, the IRS finalized regulations...