Tax & Industry News
Fast briefings on tax-law changes, IRS deadlines, state tax updates, and accounting-industry news that directly affect CPA-firm operations. Each post breaks down what changed, who it impacts (which client segments, which filing types), what action firms need to take, and the operational implications — not just the legal text. We cover federal updates from IRS.gov and treasury.gov, state-level changes from FTB, NYDTF, Texas Comptroller, FBI, FinCEN; plus industry news on AICPA standards, peer-review requirements, and the practice management software landscape.
29 articles
How TaxScout news differs from IRS bulletins
When the IRS issues a notice or revenue procedure, the official text is written for tax counsel — multi-page, statutory citations, no operational guidance. By the time it filters down to your firm's tax season, you've lost a week trying to figure out who's affected and what to actually do.
TaxScout news posts cut that loop. Every brief follows the same structure: what changed, when it takes effect, which client segments are affected (1040 individual, S-corp owners, partnerships, nonprofits), what action firms need to take this week, and a link back to the primary IRS or Treasury source. If a change affects fewer than 5% of typical CPA-firm clients, we'll still cover it but flag it as low-priority — so reviewers can skim.
What we cover
Federal updates from IRS.gov, Treasury, and the Federal Register: revenue procedures, revenue rulings, notices, regulations, and form changes. State updates from the major revenue departments: California FTB, New York DTF, Texas Comptroller, Florida DOR, Illinois IDOR. Industry standards from AICPA, the state CPA societies, and peer-review bodies. Compliance regimes touching CPAs: BOI, FinCEN, GLBA Safeguards Rule. Industry consolidation, new entrants, and platform changes that affect firm tooling decisions.
Topics covered
The clusters under this pillar — jump directly to the playbook for your current question.
All tax & industry news
Transparency in Coverage Final Rules: What CPA Firms Must Do Now
Transparency in Coverage Final Rules: What CPA Firms Must Do Now
Federal regulators published final Transparency in Coverage rules on October 6, 2026, amending price reporting requirements for non-grandfathered group health plans under ERISA, the Public Health Service Act, and the Internal Revenue Code. CPA firms serving S-corps, partnerships, and nonprofits…
Transparency in Coverage Final Rules: What CPA Firms Must Do Now
Transparency in Coverage Final Rules: What CPA Firms Must Do Now
Federal regulators published final Transparency in Coverage rules on October 6, 2026, amending price reporting requirements under ERISA, the Public Health Service Act, and the Internal Revenue Code. The rules affect non-grandfathered group health plans sponsored by S-corps, partnerships…
Federal Scholarship Tax Credit: What CPA Firms Must Do Now
Federal Scholarship Tax Credit: What CPA Firms Must Do Now
Treasury released temporary regulations on October 2, 2026 creating a new nonrefundable Federal Scholarship Tax Credit for qualified contributions to scholarship granting organizations starting in tax year 2027. The rules affect individual filers, S-corps, partnerships, and nonprofits in…
Election To Pay in Installments Tax on Gain From Certain Farmland Property: What CPA Firms Must Do Now
Election To Pay in Installments Tax on Gain From Certain Farmland Property: What CPA Firms Must Do Now
The IRS published proposed regulations on September 29, 2026 governing the statutory election to pay in four equal annual installments the tax on gain from selling qualified farmland to a qualified farmer. CPA firms with agricultural clients, land-owning individuals, and pass-through entities…
Your client portal, on your firm’s domain
Your client portal, on your firm’s domain
Connect your firm’s own domain to the client portal. Here is how to set it up and what your clients will see.
Estate Tax Closing Letter User Fee Update: What CPA Firms Must Do Now
Estate Tax Closing Letter User Fee Update: What CPA Firms Must Do Now
The IRS finalized regulations on September 25, 2026, raising the user fee for requesting an estate tax closing letter (IRS Letter 627). Small and mid-size CPA firms with estate administration clients need to update their engagement scopes, client disclosures, and billing procedures immediately.
Backup Withholding on Third Party Network Transactions: What CPA Firms Must Do Now
Backup Withholding on Third Party Network Transactions: What CPA Firms Must Do Now
The IRS published final regulations on August 10, 2026 updating backup withholding rules for third party settlement organizations. The rules reflect statutory changes that shift withholding obligations and create new compliance touchpoints for CPA firms serving gig workers, S-corps, partnerships…
TaxScout.ai Becomes an Authorized IRS e-file Provider
TaxScout.ai Becomes an Authorized IRS e-file Provider
TaxScout.ai has been accepted as an Authorized IRS e-file Provider. The announcement was published on Yahoo Finance, Business Insider and Benzinga.
Information Reporting Regarding Qualified Opportunity Zones: What CPA Firms Must Do Now
Information Reporting Regarding Qualified Opportunity Zones: What CPA Firms Must Do Now
The IRS published proposed regulations on September 11, 2026 that impose new information reporting requirements on qualified opportunity funds and the businesses they hold. CPA firms with partnership, S-corp, or high-net-worth individual clients invested in QOFs need to act before comment…
Allocation and Apportionment of Deductions to Foreign Source Income: New IRS Proposed Rules
Allocation and Apportionment of Deductions to Foreign Source Income: New IRS Proposed Rules
The IRS published proposed regulations on September 11, 2026 that overhaul how deductions are allocated and apportioned to foreign source Section 951A category income and deduction eligible income. Small and mid-size CPA firms with clients operating abroad through foreign or domestic corporations…
Federal Independent Dispute Resolution Operations Correction: What CPA Firms Must Do Now
Federal Independent Dispute Resolution Operations Correction: What CPA Firms Must Do Now
A correction published in the Federal Register on August 28, 2026 fixes typographical errors and omissions in the IDR final rule that took effect August 3, 2026. CPA firms advising self-insured employers, group health plan clients, and providers need to review the corrected text now and update any…
Racial Nondiscrimination in Private Schools: What CPA Firms Must Do Now
Racial Nondiscrimination in Private Schools: What CPA Firms Must Do Now
The IRS published proposed regulations on September 4, 2026 that would revoke tax-exempt status for private schools that discriminate on the basis of race, color, or national or ethnic origin. CPA firms serving private school clients — and donors who take charitable deductions tied to those…
Superfund Tax on Chemical Substances: NBR Petition CPA Firms Must Track
Superfund Tax on Chemical Substances: NBR Petition CPA Firms Must Track
The Federal Register published a notice on September 9, 2026 announcing a petition to add acrylonitrile-butadiene rubber (NBR) to the IRS list of Superfund taxable substances. CPA firms serving chemical manufacturers, distributors, and industrial supply clients need to flag this now before the…
Car Loan Interest Deduction: Final IRS Rules CPA Firms Must Act On Now
Car Loan Interest Deduction: Final IRS Rules CPA Firms Must Act On Now
On September 8, 2026, the IRS published final regulations creating a new above-the-line deduction of up to $10,000 for qualified passenger vehicle loan interest on individual returns — and paired it with mandatory information reporting for lenders paying $600 or more. CPA firms serving individual…
Section 898(c) Transition Rule for Allocating Foreign Taxes: What CPA Firms Must Do Now
Section 898(c) Transition Rule for Allocating Foreign Taxes: What CPA Firms Must Do Now
On August 31, 2026, the IRS published a correction to proposed regulations REG-115145-25 in the Federal Register, amending rules on the Section 898(c) transition rule for allocating foreign taxes and the Section 960(d)(4) foreign tax credit disallowance. CPA firms with clients holding interests in…
Pro Rata Share of Subpart F Income, Tested Income, or Tested Loss: What CPA Firms Must Do Now
Pro Rata Share of Subpart F Income, Tested Income, or Tested Loss: What CPA Firms Must Do Now
The IRS published proposed regulations on August 26, 2026 that reshape how U.S. shareholders must calculate their pro rata share of Subpart F income, tested income, or tested loss from controlled foreign corporations. The rules affect any CPA firm with clients who hold CFC interests — including…
Guidance on Eligible Investments for Trump Accounts: What CPA Firms Must Do Now
Guidance on Eligible Investments for Trump Accounts: What CPA Firms Must Do Now
The IRS released proposed regulations on August 21, 2026 defining eligible investments for Trump Accounts—the new minor-beneficiary savings vehicles created under recent tax legislation. The rules restrict allowable assets until the beneficiary turns 18 and affect trustees, account administrators…
IRS Income Taxes Rule Published August 21 2026: What CPA Firms Must Do Now
IRS Income Taxes Rule Published August 21 2026: What CPA Firms Must Do Now
The IRS published a new income taxes document in the Federal Register on August 21, 2026 (Document No. 2026-17154). This brief cuts through the agency language to tell CPA firm owners exactly which client segments are affected and what steps to take before the week is out.
Employer Contributions to Trump Accounts and Nondiscrimination Rules Explained for CPAs
Employer Contributions to Trump Accounts and Nondiscrimination Rules Explained for CPAs
On August 11, 2026, the IRS published proposed regulations governing employer contributions to Trump accounts and nondiscrimination rules for dependent care assistance programs. This news brief extracts the operational impact for small and mid-size CPA firms and lists what to do this week across…
Foreign Currency Gain or Loss of Controlled Foreign Corporations: What CPA Firms Must Do Now
Foreign Currency Gain or Loss of Controlled Foreign Corporations: What CPA Firms Must Do Now
Treasury and the IRS published proposed regulations on August 14, 2026 that reshape how controlled foreign corporations compute and recognize foreign currency gain or loss on QBU remittances. CPA firms with international clients need to assess exposure now and document their review before comments…
Agency Information Collection Activities: IRS Seeks Comments on Contractor Disclosure Burden
Agency Information Collection Activities: IRS Seeks Comments on Contractor Disclosure Burden
The IRS published a Paperwork Reduction Act comment request on July 27, 2026, targeting the disclosure of return information under written contractor agreements for tax administration. Small and mid-size CPA firms that serve government contractors, nonprofits, or multi-entity clients with IRS…
Information Reporting and Transfer for Valuable Consideration Rules: What CPA Firms Must Do Now
Information Reporting and Transfer for Valuable Consideration Rules: What CPA Firms Must Do Now
The IRS published final regulations on July 9, 2026 that extend information reporting and transfer for valuable consideration rules to Section 1035 exchanges of life insurance contracts. Small and mid-size CPA firms with individual and business clients holding life insurance policies need to act…
Charitable Remainder Annuity Trust Listed Transaction: What CPA Firms Must Do Now
Charitable Remainder Annuity Trust Listed Transaction: What CPA Firms Must Do Now
The IRS published final regulations on July 9, 2026, officially designating certain charitable remainder annuity trust (CRAT) transactions as listed transactions. CPA firms with high-net-worth clients, nonprofit advisees, or estate planning engagements face immediate disclosure obligations and…
Qualified Domestic Trust Regulations Under Section 2056A Revised by IRS
Qualified Domestic Trust Regulations Under Section 2056A Revised by IRS
The IRS published final regulations on July 10, 2026, revising the Qualified Domestic Trust rules under Section 2056A to eliminate outdated references and modernize filing procedures. CPA firms with clients who have noncitizen spouses in estate plans need to review open files now. Here is what…
Increase in Threshold for Requiring Information Reporting
Increase in Threshold for Requiring Information Reporting
On July 2, 2026, the IRS published a hearing notice for proposed regulations (REG-113229-25) that would raise the dollar thresholds triggering 1099 information reporting and backup withholding for trade or business payments. CPA firms serving self-employed clients, S-corps, partnerships, and…
Returns Relating to Sales or Exchanges of Certain Partnership Interests: What CPAs Must Do Now
Returns Relating to Sales or Exchanges of Certain Partnership Interests: What CPAs Must Do Now
The IRS published final regulations on May 20, 2026 modifying information reporting obligations for sales or exchanges of certain partnership interests — specifically those holding inventory or unrealized receivables. CPA firms with partnership clients need to review engagement scope, update…
IRS Tax Deadlines 2026: What Every CPA Must Know
IRS Tax Deadlines 2026: What Every CPA Must Know
The 2026 IRS deadline calendar isn't just a list of dates — it's a series of operational triggers your firm needs to act on. This practitioner-facing guide maps every key cutoff to the workflow actions that keep your pipeline moving. Stop reacting to missed deadlines and start building a firm that…
BOI Reporting Deadline 2026: Prepare Your Firm Now
BOI Reporting Deadline 2026: Prepare Your Firm Now
The 2026 BOI reporting deadline is an active operational challenge for every CPA managing business-entity clients. FinCEN's beneficial ownership requirements under the Corporate Transparency Act have shifted enough times that firm-wide clarity is critical. This guide delivers a practical action…
New York State Tax Updates 2026 CPAs Need to Know
New York State Tax Updates 2026 CPAs Need to Know
New York State's 2026 tax changes are already hitting client accounts — from revised income tax brackets to updated NYC resident surcharges and corporate franchise tax shifts. For CPAs managing multi-state books, falling behind isn't an option. Get the updates that matter most before your next…
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