Tax news and information - Journal of Accountancy

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August 1, 2025

Tax Court denies constitutional challenge to IRS Appeals officers’ and supervisors’ appointments

The Tax Court follows its prior holding on the application of the Appointments Clause to the staff of the IRS Independent Office of Appeals, finding that the prior holding was not altered by amendments under the Taxpayer First Act and intervening judicial decisions.

August 1, 2025

Line items

IRS hotline questions resolved faster in 2025; concern grows about agency’s future … Revenue agents who conduct audits lead IRS job losses … AICPA makes recommendation for updated Form 8971 instructions … HSA inflation-adjusted maximum contribution amounts for 2026 announced … Basis-shifting transaction-of-interest regulations to be removed … AICPA publishes additional resources in push to preserve PTET SALT deduction

July 29, 2025

AICPA supports bill that lets married domestic violence victims file taxes as single

The bill would empower survivors of domestic abuse or spousal abandonment to file taxes without contacting their abuser.

July 29, 2025

New commissioner confident IRS can implement OBBBA’s tax provisions

Commissioner Billy Long explained his management philosophy at the 2025 Tax Summit of the National Association of Enrolled Agents, where he said IRS employees will be able to implement the OBBBA’s tax provisions.

July 28, 2025

IRS staff cuts could put burden on practitioners to explain OBBBA

A retired IRS communications executive told the AICPA’s Town Hall that employees will be challenged to explain tax changes in the massive law.

July 25, 2025

IRS advises of Tuesday deadline to maintain Business Tax Account access

The IRS warned that those who do not revalidate accounts by Tuesday will need to request access to the account again, either as a designated official or other user type.

July 24, 2025

Dealing with natural disasters: IRS relief efforts leave some wanting

How can the IRS best assist victims of natural disasters? The AICPA asked victims how long they had to wait for assistance and asked CPAs the best courses of action.

July 14, 2025

Congress passes act allowing tax relief when a state declares disaster

A bill supported by the AICPA is “a major win for taxpayers and tax practitioners,” according to a statement by President and CEO Mark Koziel. The bill, which now heads to President Donald Trump for his signature, is intended to speed up the granting of tax deadline extensions after a disaster.

July 10, 2025

AICPA: Guidance needed on catch-up contributions under Roth mandate

In a letter to Treasury and the IRS, the AICPA requested guidance on language in proposed regulations issued in January.

July 8, 2025

It’s no joke: Being nice is among this attorney’s top ways to deal with the IRS

Being nice is one of tax controversy attorney Melissa Wiley’s ways of getting answers from the IRS, which also includes knowing the Internal Revenue Manual and using self-service tools.

July 7, 2025

Tax provisions in the One Big Beautiful Bill Act

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and overtime pay, and addresses other tax priorities of the Trump administration.

July 7, 2025

AICPA recommends changes to mandate ending federal disbursements by paper check

An executive order issued in March requires the Treasury secretary to cease issuing paper checks for all federal disbursements and requires all payments made by the federal government to be electronically processed.

July 2, 2025

AICPA tax priorities and wins in the budget bill now with the House

An AICPA tax leader updates listeners on tax-related points in the Senate-approved budget bill and addresses a recent report to Congress about the potential for IRS service levels to decline. Listen to the podcast episode or read the Q&A.

July 1, 2025

IRS withdraws proposed regs. governing built-in losses and gains

The IRS said Tuesday that it expects to issue a revised notice of proposed rulemaking after it studies the issues addressed in the 2019 proposed regulations.

July 1, 2025

E-filed Tax Court petition’s completed signature block is valid

The court denies the IRS’s motion to dismiss the taxpayers’ petition as not properly signed.

July 1, 2025

Deductibility of theft losses for victims of certain scams

In the case of an individual, theft losses stemming from scams through fraud and deceit are disallowed for tax years 2018 through 2025 unless the transaction was entered into for profit.

July 1, 2025

Tax Court denies limited-partner exception to self-employment tax

The court again applies a functional-analysis test, as it had in Renkemeyer and Soroban.

July 1, 2025

Line items

IRS can make it easier to leave assets to younger generations, AICPA says … Pandemic-era ERC started with good intentions, ending with frustration … AICPA recommends prop. regs. changes for some retirement savings plans … Bills dealing with tax administration, disaster victims pass House

July 1, 2025

Modernizing your tax workflow

Jorge Olavarrieta. vice president and general manager, ProTax Group, Intuit, discusses how technology can help high-volume tax firms with their biggest operational challenges.

June 28, 2025

Senate budget bill would preserve PTET SALT deduction

An AICPA statement after the bill was issued by the Senate Budget Committee lauded lawmakers for “diligent work to reject new tax increases” on passthrough business including CPA firms.