Line items

Click the headlines for these full stories.

PTEs need more notice of changes, more time to respond, AICPA says

In a letter to Treasury and the IRS, the AICPA seeks changes to tax reporting requirements for passthrough entities.

IRS outlines details for Trump accounts

The IRS issued a notice on the accounts, a new type of individual retirement account for some children.

AICPA asks Treasury, IRS to change approach to dual consolidated losses

The letter urges an exception to the current “all or nothing” approach that prevents U.S. companies from deducting any part of a dual consolidated loss if any portion of it was used in a foreign country.

AICPA warns that merger of IRS offices would ‘confuse’ taxpayers

The proposed merger of the Office of Professional Responsibility and the Return Preparer Office would blur “the public’s ability to perceive the distinction between credentialed, uncredentialed, and unenrolled preparers,” the AICPA said in a letter.

IRS clarifies how employees can claim 2025 tip and overtime deductions

The Service also is updating some income tax forms and instructions to help taxpayers claim the deductions.