2026 - Page 11 of 11 - Journal of Accountancy

January 8, 2026

IRS to start accepting and processing tax returns on Jan. 26

The IRS acknowledged that new tax provisions could affect federal taxes, credits, and deductions. The start of filing season is in line with previous years.

January 7, 2026

Electronic filing for business tax returns starts next week

The IRS said it will begin accepting business tax returns electronically next week. No date has been announced yet for individual tax returns.

January 6, 2026

AICPA calls on IRS to automate Sec. 1033 extension requests

The recommendation aims to cut delays that leave taxpayers uncertain about disaster related replacement deadlines for property.

January 5, 2026

Proposed regulations provide guidance on car loan interest deduction

In proposed regulations for the car loan interest deduction, the IRS addresses issues for taxpayers and lenders, including eligibility criteria for the deduction and information-reporting requirements.

January 2, 2026

Business standard mileage rate increases for 2026

The IRS increased the optional standard mileage rate used to calculate the deductible costs of operating a vehicle for business to 72.5 cents per mile driven, up 2.5 cents from 2025.

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