Despite Shutdown, IRS Staff to Continue Work
The IRS shared that despite a partial government shutdown, all employees will continue working this week. The agency’s employee emergency …
What OBBB Means for Your Clients’ Itemized Deductions
Practitioner’s Tax Action Bulletin® February 2, 2026 The 2025 Act (also referred to as the One Big Beautiful Bill or …
Tax Considerations for Venezuelan Americans Mulling US Exit
Some high-net-worth Venezuelan American taxpayers may be considering a change in residency ahead of possible economic headwinds in Venezuela, but …
CPAs Urge IRS to Retain Full Workforce During Possible Shutdown
The American Institute of CPAs (AICPA) is urging the IRS and Treasury to release a contingency plan that retains 100% …
Expert Unpacks What’s Next After Sirius Solutions Decision
With the 5th U.S. Court of Appeals ruling that a federal self-employment tax exception hinges on a partner’s limited liability …
Treasury Optimistic About Tax Season Despite Concerns Over Delays
The National Taxpayer Advocate’s latest annual report to Congress warns that significant workforce reductions and complex new tax laws present …
Watchdog Concerned About IRS Filing Season Readiness
The Treasury Inspector General for Tax Administration (TIGTA) is concerned that the IRS may not be ready for the 2026 …
What the OECD Side-by-Side Deal Means for US Multinationals
While the Organization for Economic Development’s (OECD) new global minimum tax guidance is welcome relief for U.S.-parented multinationals, a new …
After Further Cuts, Experts Discuss the Future of IRS Enforcement
With additional IRS funding all but gone and annual enforcement budget cuts, tax experts discussed how the agency might allocate …
Tax Pros Share Tips for Clearing Filing Season Hurdles
Tax practitioners are set to face a uniquely challenging 2026 tax season, shaped by major new retroactive tax legislation, ongoing …