Tax Laws

  • Amended Returns: What Tax Preparers Need to Know

    Tax preparers often file amended returns long after the original filing deadline passes. In 2026, amended returns continue to play a major role in correcting taxpayer errors, claiming missed credits, and responding to IRS notices. While the basic rules for amended returns remain familiar, several procedural changes and IRS modernization efforts affect how preparers handle Form…

  • 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…

  • 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…