IRS Updates

  • Free Download: What are IRS Statistics Telling Us?

    Refunds are larger. Self-prepared returns are increasing. More taxpayers are using digital services. But what do these trends mean for your firm? What does the latest IRS filing season data mean for your clients, your practice, and the future of tax preparation? From the growth of self-prepared returns to rising refund amounts and increased reliance…

  • 10 State Developments Tax Professionals Should Watch in 2026

    State tax policy continues to move quickly. Legislatures, departments of revenue, and courts are addressing pass-through entity taxes (PTETs), economic nexus, income tax rate reductions, digital products taxation, and conformity to recent federal tax legislation. For tax professionals, these developments create both planning opportunities and compliance risks.  1. California: Continued Focus on PTET Planning and…

  • Disaster Tax Relief 2026: Current IRS Disaster Relief Programs Tax Pros Need to Know

    As of 2026, tax professionals must navigate multiple overlapping IRS disaster relief deadlines, some extending well into the current year. This guide outlines the most relevant IRS disaster relief programs, including active extensions, affected areas, and how to advise clients. What Is IRS Disaster Tax Relief? The IRS offers automatic tax filing and payment extensions to taxpayers…

  • IRS Update

    Beginning with Tax Year 2025, the IRS has made important updates to certain federal acceptance alerts. In some situations that previously resulted in a rejection, the IRS will now accept the return and issue an alert instead. Two key updates include alerts regarding dependents already claimed on another return and potential delays for refunds issued by paper…

  • No Tax on Tips and Overtime? IRS Issues New Guidance

    IRS releases new schedule for no tax on tips, overtime, car loans, and seniors. What tax preparers need to know for filing season.

  • IRS Research: Five IRS Tax Changes to Watch This Tax Season

    Tax professionals should start the 2026 filing season fully informed of the major shifts in tax law and IRS procedures. Many of this year’s key updates stem from the (OBBB) otherwise known as the Working Families Tax Cut Act, which enacted sweeping changes in 2025 that apply for returns due in April 2026.  Here are…

  • Preparing for Policy Changes Ahead of Tax Season

     Here is an overview of what may happen and how to prepare ahead of the next tax season. Download the resource below for a comprehensive breakdown of key policy areas and actionable steps for tax professionals and small businesses. Note: These are just predictions. Things change and happen very quickly. We will notify you as…

  • The Working Families Tax Cuts Act Guide for Tax Pros

    A guide to the latest updates and resources on act previously known as the One Big Beautiful Bill Act.  Here’s what you’ll learn more about: What is the Working Families Tax Cuts Act Permanent Extension of 2017 Tax Cuts Increased SALT Deduction Cap Enhanced Child Tax Credit Senior Deduction Introduction R&D Expensing Reinstated Tip Deduction:…

  • Essential Tax Documents Checklist for Your Clients with OB3 Updates

    Tax season can be overwhelming, but a well-organized checklist simplifies the process for both tax professionals and their clients. By ensuring clients gather the necessary documents ahead of time, tax preparers can save time, reduce errors, and improve efficiency. In addition to helping with annual filing, this year’s resources also include important information about the…

  • 2025 Drake Tax® Planner: One Big Beautiful Bill Act Updates Unpacked

    As we gear up for the 2025 tax season, the Drake Tax Planner has been updated to reflect important provisions from the One Big Beautiful Bill Act, helping tax professionals quickly adapt and accurately model client scenarios. Here’s a breakdown of what’s new: 1. 100% Bonus Depreciation For assets placed in service after January 19,…