IRS practice & procedure

TOPICS / TAX

January 16, 2026

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.

January 16, 2026

AICPA tax policy and advocacy successes: 2025 highlights

The AICPA’s Tax Division volunteer committees and technical resource panels can point to many positive results last year from its advocacy to Treasury, the IRS, and Congress for law changes and administrative guidance.

January 9, 2026

Prop. regs. amend Sec. 3406 backup withholding regulations

The IRS issued the proposed regulations to reflect changes made by H.R. 1 to the threshold for backup withholding for third-party settlement organizations such as PayPal, Venmo, and others.

January 9, 2026

IRS IT overhaul set to finish by 2028, former official says

After years of delays, the IRS expects to complete modernization of its fragmented IT systems by 2028, a former acting IRS commissioner said at an AICPA webcast.

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.

January 1, 2026

Second Circuit denies SALT cap workaround

Final regulations prohibiting a federal charitable deduction for contributions to a state or local fund for which the donor receives a state or local tax credit are upheld under a Loper Bright analysis.

January 1, 2026

Get ready for tax season

Guide clients through the significant changes in H.R. 1.

December 23, 2025

IRS updates FAQs on business interest limitation, premium tax credit

The updates reflect changes made in H.R. 1, P.L. 119–21, commonly known as the One Big Beautiful Bill Act.

December 11, 2025

Why 2026 is another ‘big tax year’

Get an inside look at the AICPA’s tax advocacy focus, including improving taxpayer service and shaping IRS processes for a smoother filing season. Listen to the podcast episode or read the Q&A with the AICPA’s vice president–Tax Policy & Advocacy.

December 9, 2025

IRS clarifies health savings account changes in H.R. 1 in new notice

Among other changes, the guidance explains that bronze and catastrophic plans are considered HSA-compatible under Sec. 223.

December 5, 2025

IRS announces prop. regs. on international tax law provisions in OBBBA

The proposed regulations will deal with changes included in H.R. 1, P.L. 119-21, commonly known as the One Big Beautiful Bill Act.

December 3, 2025

IRS outlines details for Trump accounts

The IRS released initial details on Trump accounts, a new type of IRA for some children. Also, a billionaire business executive pledged $6.25 billion to provide 25 million children with a $250 contribution to a Trump account.

December 1, 2025

New regs. reshape 1% stock buyback tax, drop funding rule

The IRS published final regulations that scrap the proposed funding rule and ease compliance for M&A deals, preferred stock, and netting provisions.

December 1, 2025

Second Circuit reverses Tax Court’s dismissal of deficiency petition

The appellate court holds that the Sec. 6213(a) deadline for filing a Tax Court deficiency petition is nonjurisdictional and subject to equitable tolling.

December 1, 2025

Tax Court denies bad-debt deduction

Advances made by a taxpayer in its business of managing an arena were not bona fide debt, and the taxpayer was not entitled to a bad-debt deduction when the advances became worthless.

December 1, 2025

Estate’s portability election held invalid

The taxpayer’s predeceased spouse’s estate failed to timely file an estate return and did not qualify for the safe harbor in Rev. Proc. 2017-34, so its portability election was invalid, the Tax Court held.

FROM THIS MONTH'S ISSUE

Tax season quick guide

Get ready for tax season with the JofA’s annual filing season quick guide, an easy-to-use compilation of dollar thresholds, tax tables, standard amounts, credits, and deductions. Download and print for quick reference this tax season.