Tax Laws

  • The IRS “Dirty Dozen” Tax Scams for 2026: What You Need to Know

    Every tax season brings a wave of new opportunities—not just for taxpayers, but for scammers as well. To help individuals and businesses stay protected, the IRS releases its annual “Dirty Dozen” list, highlighting common and dangerous tax scams to watch out for. (IRS) For 2026, the message is clear: scams are getting more sophisticated, more…

  • A Proactive Approach to Preventing IRS Underpayment Penalties

    Identify at-risk clients early and reduce surprises Underpayment penalties aren’t just a tax issue—they’re a client experience issue. When clients receive an IRS notice, it creates stress, extra work, and often an urgent call to your office. The good news is that many of these penalties are preventable with a proactive approach. Here’s how to…

  • A Checklist to Help Prevent IRS Underpayment Penalties

    Protect clients. Prevent surprises. Underpayment penalties aren’t just a tax issue — they’re a client experience issue. When clients receive an IRS notice, they call you. Even avoidable penalties create stress, additional work, and unnecessary frustration. Use this checklist to identify clients at risk for 2026 estimated tax underpayment penalties and take proactive steps to…

  • 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…

  • Common Tax Filing Errors to Avoid During the Busy Season

    Guidance to help tax professionals reduce errors, delays, and IRS notices Tax season is in full swing, and for tax professionals, accuracy matters more than ever. With millions of returns filed each year and IRS systems matching taxpayer data more aggressively, even small mistakes can trigger refund delays, notices, or amended returns. (IRS) The IRS…

  • 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.

  • The Tax Pro’s Go-To Checklist for Preparing Schedule K-1s 

    This step-by-step checklist helps tax professionals gather the right information, review allocations, and confidently prepare Schedule K-1s for partnerships and S corporations. What will you learn? This practical, process-driven guide walks you through every stage of the K-1 preparation cycle, from reviewing and confirming data to finalizing returns. Get Instant Access to the Checklist Ready…

  • How to Handle Tax Season Delays with Extensions

    Tax season rarely goes exactly according to plan. Even the most organized firms face delays — missing client documents, late K-1s, or unexpected life events that derail timelines.  Extensions become inevitable. The challenge isn’t avoiding extensions altogether; it’s managing them strategically without burning out your team or frustrating your clients. Here’s how tax professionals can…

  • Trump Accounts: A Guide For Tax Professionals

    Proposed tax-advantaged savings vehicles often generate significant client interest long before formal guidance is released. One recent example is the concept commonly referred to as “Trump Accounts.” While not yet part of enacted tax law, tax professionals can be prepared to address client questions, evaluate potential planning implications, and monitor future guidance. What Are Trump…

  • Featured Webinar: Best Practices for Extensions

    Tax extensions don’t have to mean stress or last-minute chaos. During this webinar, you’ll learn: – practical strategies for managing extensions work – keeping clients informed, and – staying organized through final filing deadlines. If you’re ready to work smarter—not longer—this webinar is for you. Complete the form below to access the on-demand recording and…