Tax, accounting, auditing news - Journal of Accountancy

March 6, 2026

IRS seeks to scrap basis‑shifting TOI reporting regulations

If proposed regulations become final, the withdrawal would let taxpayers treat the January 2025 transaction-of-interest regulations as having never taken effect.

March 6, 2026

IRS Dirty Dozen adds new capital gains scheme for 2026

The IRS says a surge in fabricated Form 2439 filings prompted the only new addition to this year’s Dirty Dozen, underscoring how quickly tax schemes evolve.

March 5, 2026

IRS proposal eases provision of 1099-DA statements by digital asset brokers

The proposed regulations would shift digital-asset reporting toward electronic-only delivery by loosening consent requirements for brokers.

March 5, 2026

Optimism, while tempered, is up among finance leaders

Finance decision-makers are more optimistic about the U.S. economy and their own organizations in the first quarter, according to the AICPA and CIMA Economic Outlook Survey.

March 4, 2026

California board approves regulation for state’s climate reporting laws

Companies with more than $1 billion in revenue are required to post their first annual reports by Aug. 10, while a law affecting companies with at least $500 million in revenue remains paused by a legal challenge.

March 4, 2026

IRS issues higher 2026 depreciation limits for passenger automobiles

The IRS issued the 2026 depreciation limitations for passenger vehicles, including those for which bonus depreciation is applied.

March 2, 2026

New Schedule 1-A for tips, OT, car loans, and senior deductions published

The Schedule 1-A does not differ from the draft version issued last year, but instructions for Form 1040 provide details and examples on the four temporary deductions.

March 2, 2026

GASB proposes guidance for financial reporting model improvements

The board is accepting comments through April 27 on proposed authoritative guidance related to subsidies in Statement No. 103, Financial Reporting Model Improvements.

March 2, 2026

Senate bill targets preparers who break the law, expands IRS reforms

The AICPA supports the Taxpayer Assistance and Service Act but seeks further improvements.

February 27, 2026

AICPA asks Department of Education to list accounting as a professional degree

In a comment letter, the AICPA asks that the department’s new rule related to student loan limits either list accounting as a “professional degree program” or retain current language stating that “professional degrees may include but are not limited to” the list in a notice of proposed rulemaking.

February 27, 2026