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Anticipated applicability date for future final RMD regs. announced

The IRS said it anticipates that the future final regulations on RMDs under Sec. 401(a)(9) will apply for the distribution calendar year that begins no earlier than six months after those regulations’ appearance in the Federal Register.

AI loses ground to pros as taxpayers rethink who should do their taxes

Over the past year, more taxpayers affirm their trust in human tax professionals rather than artificial intelligence for return filing, a survey shows.

IRS broadens Tax Pro Account for accounting firms and others

The update allows firms that serve larger numbers of taxpayers to manage centralized authorization file access, view client information, and streamline authorizations online.

AICPA urges Treasury, IRS to simplify Sec. 951 documentation rules

The AICPA told Treasury that Notice 2025-75’s “determine and document” requirement is “ambiguous and potentially onerous” and urged replacing it with a simple safe harbor or eliminating it.

IRS releases FAQs on qualified overtime pay deduction under H.R. 1

An IRS fact sheet explains when overtime compensation qualifies for the deduction and how Fair Labor Standards Act rules apply, including for federal employees.

IRS Advisory Council report defends workers, criticizes budget and staff cuts

In its annual report, IRSAC said the IRS has been through “an extraordinarily difficult year” with budget and staff cuts while preparing for numerous tax law changes. The report also noted tax practitioners’ prolonged wait times when contacting the IRS.