CPA Practice Advisor·Jul 10, 2026🔴 Action Required
IRS Introduces Automatic Exemption from Penalty Process, Phases Out First Time Abate
💡 IRS Introduces Automatic Exemption from Penalty Process, Phases Out First Tim.... General industry update.
1040
Back to Tax Brief
Latest Tax News & Updates
Curated tax updates from IRS, Federal Register, state agencies, and industry publications. AI-powered classification and summaries for tax professionals.
Last 30 days50 articles
Stay Current with Tax Law Changes
Tax Brief aggregates and classifies tax updates from authoritative sources including the IRS Newsroom, Federal Register, Tax Court, state tax agencies, and leading industry publications. Each article is analyzed by AI to provide a “Bottom Line” summary explaining what changed, who's affected, and what action to take.
🔴Action Required(7)
Current Federal Tax Developments·Jul 9, 2026🔴 Action Required
The National Taxpayer Advocate’s Perspective: Analyzing the Implementation of Automatic Exemption from Penalty
💡 The National Taxpayer Advocate’s Perspective: Analyzing the Implementation of.... Action required by july.
1040
Texas Comptroller·Jul 8, 2026🔴 Action Required
Acting Comptroller Kelly Hancock Distributes $1.2 Billion in Monthly Sales Tax Revenue to Local Governments
💡 Acting Comptroller Kelly Hancock Distributes $1.2 Billion in Monthly Sales Ta.... Action required by july.
state
Texas Comptroller·Jul 1, 2026🔴 Action Required
State Sales Tax Revenue Totaled $4.2 Billion in June
💡 State Sales Tax Revenue Totaled $4.2 Billion in June. Action required by july.
state
Journal of Accountancy·Recently🔴 Action Required
Eligible taxpayers to get automatic IRS penalty relief
💡 Eligible taxpayers to get automatic IRS penalty relief. General industry update.
1040
Accounting Today·Recently🔴 Action Required
IRS streamlines penalty relief, replacing First Time Abate
💡 IRS streamlines penalty relief, replacing First Time Abate. General industry update.
IRS Newswire·Recently🔴 Action Required
IRS simplifies penalty relief, introduces automatic process for eligible taxpayers
💡 IRS simplifies penalty relief, introduces automatic process for eligible taxp.... General industry update.
1040
🟠Heads Up(13)
CPA Practice Advisor·Jul 13, 2026🟠 Heads Up
Nominations Open for 2026 ’40 Under 40′ and ’20 Under 40′ Awards
💡 Nominations Open for 2026 ’40 Under 40′ and ’20 Under 40′ Awards. Review and take action if applicable to your clients.
CPA Practice Advisor·Jul 9, 2026🟠 Heads Up
U.S. Judge Allows SEC-Musk Deal Despite ‘Significant Misgivings’
💡 U.S. Judge Allows SEC-Musk Deal Despite ‘Significant Misgivings’. Review and take action if applicable to your clients.
payroll
CPA Practice Advisor·Jul 8, 2026🟠 Heads Up
Will World Series of Poker Main Event Attendance Be Impacted by Major Tax Changes?
💡 Will World Series of Poker Main Event Attendance Be Impacted by Major Tax Cha.... Review and take action if applicable to your clients.
Tax Foundation·Jul 6, 2026🟠 Heads Up
There Is No Low-Tax Case for Tariffs
💡 There Is No Low-Tax Case for Tariffs. Review and take action if applicable to your clients.
Current Federal Tax Developments·Jun 30, 2026🟠 Heads Up
Retroactive Employee Retention Credit Deadlines and the Fifth Amendment: An Analysis of Key Meetings, Inc. v. United States and Juggler Dave and Friends, LLC
💡 Retroactive Employee Retention Credit Deadlines and the Fifth Amendment: An A.... Review and take action if applicable to your clients.
1065
Current Federal Tax Developments·Jun 29, 2026🟠 Heads Up
The Section 530A Transfer Tax Safe Harbor: Analyzing Revenue Procedure 2026-25
💡 The Section 530A Transfer Tax Safe Harbor: Analyzing Revenue Procedure 2026-25. Review and take action if applicable to your clients.
CPA Practice Advisor·Jun 23, 2026🟠 Heads Up
Future Tax Rewards for Sales of Qualified Small Business Stock
💡 Future Tax Rewards for Sales of Qualified Small Business Stock. Review and take action if applicable to your clients.
CPA Practice Advisor·Jun 22, 2026🟠 Heads Up
Trump’s New U.S. Tariff Wall Shakes Up Winners, Losers Lineup
💡 Trump’s New U.S. Tariff Wall Shakes Up Winners, Losers Lineup. Review and take action if applicable to your clients.
1065
IRS Post-Release Form Changes·Recently🟠 Heads Up
Items to consider while completing Form 2848
💡 Items to consider while completing Form 2848. Review and take action if applicable to your clients.
payroll
Journal of Accountancy·Recently🟠 Heads Up
IRS adds online option, details for Kwong-related refund claims
💡 IRS adds online option, details for Kwong-related refund claims. Review and take action if applicable to your clients.
1040
IRS Post-Release Form Changes·Recently🟠 Heads Up
Filing Form 843 for claims citing Kwong v. United States
💡 Filing Form 843 for claims citing Kwong v. United States. Review and take action if applicable to your clients.
payroll
IRS Post-Release Form Changes·Recently🟠 Heads Up
New markets credit updated and made permanent
💡 New markets credit updated and made permanent. Review and take action if applicable to your clients.
payroll
IRS Post-Release Form Changes·Recently🟠 Heads Up
Don't use Form 720-X to claim refunds when a remittance transfer is cancelled or expired
💡 Don't use Form 720-X to claim refunds when a remittance transfer is cancelled.... Review and take action if applicable to your clients.
1040payroll
🔵For Your Information(30)
CPA Practice Advisor·Jul 17, 2026🔵 FYI
Federal Bill Would Nix 401(k) Early Withdrawal Penalty for Fertility Treatments
💡 Federal Bill Would Nix 401(k) Early Withdrawal Penalty for Fertility Treatments. Worth reviewing for potential client impact.
Tax Foundation·Jul 16, 2026🔵 FYI
Can New York City Tax Itself Out of Traffic?
💡 Can New York City Tax Itself Out of Traffic?. Worth reviewing for potential client impact.
state
CPA Practice Advisor·Jul 16, 2026🔵 FYI
62% of Workers Say Working Harder No Longer Leads to Financial Progress
💡 62% of Workers Say Working Harder No Longer Leads to Financial Progress . Worth reviewing for potential client impact.
CPA Practice Advisor·Jul 16, 2026🔵 FYI
A $900 Tax Break for Pet Owners? New Jersey is Considering It
💡 A $900 Tax Break for Pet Owners? New Jersey is Considering It. Worth reviewing for potential client impact.
state
CPA Practice Advisor·Jul 16, 2026🔵 FYI
Las Vegas Tax Preparer and 11 Others Indicted in $14M COVID Loan Fraud Scheme
💡 Las Vegas Tax Preparer and 11 Others Indicted in $14M COVID Loan Fraud Scheme. Worth reviewing for potential client impact.
IRS Draft Forms·Jul 16, 2026🔵 FYI
Instruction 8804 (Schedule A) – Instructions for Schedule A (Form 8804), Penalty for Underpayment of Estimated Section 1446 Tax by Partnerships
💡 Instruction 8804 (Schedule A) – Instructions for Schedule A (Form 8804), Pena.... Worth reviewing for potential client impact.
1065
Current Federal Tax Developments·Jul 15, 2026🔵 FYI
The Invalidity of the Extraordinary Disposition Rules: Tax Court Upholds the Plain Meaning of Section 245A in Siemens v. Commissioner
💡 The Invalidity of the Extraordinary Disposition Rules: Tax Court Upholds the .... Worth reviewing for potential client impact.
CPA Practice Advisor·Jul 14, 2026🔵 FYI
AICPA Expresses Support for Bill to End Tax Penalties on American Hostages
💡 AICPA Expresses Support for Bill to End Tax Penalties on American Hostages. Worth reviewing for potential client impact.
Current Federal Tax Developments·Jul 14, 2026🔵 FYI
Tax Court Bars Above-the-Line Deduction for Fair Credit Reporting Act Legal Fees: Analyzing Eiler v. Commissioner
💡 Tax Court Bars Above-the-Line Deduction for Fair Credit Reporting Act Legal F.... Worth reviewing for potential client impact.
IRS Draft Forms·Jul 14, 2026🔵 FYI
Instruction 8027 – Instructions for Form 8027, Employer's Annual Information Return of Tip Income and Allocated Tips
💡 Instruction 8027 – Instructions for Form 8027, Employer's Annual Information .... Worth reviewing for potential client impact.
payroll
IRS Draft Forms·Jul 14, 2026🔵 FYI
Instruction 7206 – Instruction 7206 Self-Employed Health Insurance Deduction
💡 Instruction 7206 – Instruction 7206 Self-Employed Health Insurance Deduction. Worth reviewing for potential client impact.
CPA Practice Advisor·Jul 13, 2026🔵 FYI
9 in 10 HR Leaders Regret AI-Driven Layoffs, New Survey Finds
💡 9 in 10 HR Leaders Regret AI-Driven Layoffs, New Survey Finds. Worth reviewing for potential client impact.
CPA Practice Advisor·Jul 13, 2026🔵 FYI
Virginia Society of CPAs and Blue J Partner to Support CPAs with AI Research
💡 Virginia Society of CPAs and Blue J Partner to Support CPAs with AI Research. Worth reviewing for potential client impact.
1065
Tax Foundation·Jul 13, 2026🔵 FYI
Tax Subsidies for R&D Expenditures in Europe, 2026
💡 Tax Subsidies for R&D Expenditures in Europe, 2026. Worth reviewing for potential client impact.
payroll
CPA Practice Advisor·Jul 12, 2026🔵 FYI
What the 2026 “Protect Your Clients; Protect Yourself” Campaign Means for Your Firm this Summer
💡 What the 2026 “Protect Your Clients; Protect Yourself” Campaign Means for You.... Worth reviewing for potential client impact.
CPA Practice Advisor·Jul 11, 2026🔵 FYI
State CPA Society News & Updates – July 2026
💡 State CPA Society News & Updates – July 2026. Worth reviewing for potential client impact.
CPA Practice Advisor·Jul 10, 2026🔵 FYI
Michigan Tax Preparation Business Owner Charged with Fraud
💡 Michigan Tax Preparation Business Owner Charged with Fraud. Worth reviewing for potential client impact.
Current Federal Tax Developments·Jul 10, 2026🔵 FYI
Technical Review of Announcement 2026-11 Regarding Revised Standard Mileage Rates
💡 Technical Review of Announcement 2026-11 Regarding Revised Standard Mileage R.... Worth reviewing for potential client impact.
Federal Register (IRS)·Jul 10, 2026🔵 FYI
Revising Qualified Domestic Trust Regulations Under Section 2056A To Update Outdated References and Procedures
💡 Revising Qualified Domestic Trust Regulations Under Section 2056A To Update O.... Worth reviewing for potential client impact.
7061041state
Current Federal Tax Developments·Jul 9, 2026🔵 FYI
Modernizing Qualified Domestic Trust Regulations: A Comprehensive Analysis of Treasury Decision 10050
💡 Modernizing Qualified Domestic Trust Regulations: A Comprehensive Analysis of.... Worth reviewing for potential client impact.
1041
Federal Register (IRS)·Jul 9, 2026🔵 FYI
Charitable Remainder Annuity Trust Listed Transaction
💡 Charitable Remainder Annuity Trust Listed Transaction. Worth reviewing for potential client impact.
1041
CPA Practice Advisor·Jul 8, 2026🔵 FYI
Are IRS Chatbots Really Helping Taxpayers?
💡 Are IRS Chatbots Really Helping Taxpayers?. Worth reviewing for potential client impact.
1040
CPA Practice Advisor·Jul 8, 2026🔵 FYI
Controller Pleads Guilty to Embezzling $1.1 Million From Employer
💡 Controller Pleads Guilty to Embezzling $1.1 Million From Employer. Worth reviewing for potential client impact.
payroll
CPA Practice Advisor·Jul 8, 2026🔵 FYI
The 1099 Rules Are Changing, But the Compliance Problem Remains
💡 The 1099 Rules Are Changing, But the Compliance Problem Remains. Worth reviewing for potential client impact.
CPA Practice Advisor·Jul 8, 2026🔵 FYI
Employment Seekers and Businesses Navigate Rise in AI-Fueled Fake Job Postings
💡 Employment Seekers and Businesses Navigate Rise in AI-Fueled Fake Job Postings. Worth reviewing for potential client impact.
1040
Current Federal Tax Developments·Jul 8, 2026🔵 FYI
IRS Finalizes Section 1035 Exchange and Corporate Reorganization Regulations: Key Takeaways for Tax Practitioners
💡 IRS Finalizes Section 1035 Exchange and Corporate Reorganization Regulations:.... Worth reviewing for potential client impact.
CPA Practice Advisor·Jul 7, 2026🔵 FYI
42 States Don’t Tax Social Security. Here Are the 8 That Do
💡 42 States Don’t Tax Social Security. Here Are the 8 That Do. Worth reviewing for potential client impact.
CPA Practice Advisor·Jul 7, 2026🔵 FYI
MYCPE ONE Launches Free AI-Powered CPE Wallet to Solve Compliance Tracking for Accounting Professionals
💡 MYCPE ONE Launches Free AI-Powered CPE Wallet to Solve Compliance Tracking fo.... Worth reviewing for potential client impact.
California Franchise Tax Board·Jul 7, 2026🔵 FYI
FTB is issuing Legal Ruling 2026-01
💡 FTB is issuing Legal Ruling 2026-01. Worth reviewing for potential client impact.
1041
CPA Practice Advisor·Jul 6, 2026🔵 FYI
Communications Audits: Is a 5% Sample Still a Reasonable Program?
💡 Communications Audits: Is a 5% Sample Still a Reasonable Program?. Worth reviewing for potential client impact.
Get these updates in your inbox
Subscribe to Tax Brief for a daily 9 AM digest with AI-powered summaries.
Subscribe Free