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.
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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
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 stiff penalties for non-compliance. Here is the operational breakdown every firm owner needs this week.
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 changed, who it affects, and a short action checklist for this week.
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 nonprofits need to understand the operational implications now — before the public comment window closes.
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 intake workflows, and flag affected returns before the next filing deadline.
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 runs ahead of them.
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 checklist covering who's affected, key deadlines, penalty exposure, and exactly how to operationalize compliance.
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 client call.
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