Reminder: March 16 Federal Filing Deadline for Partnership and S Corporation Returns

The March 16, 2026 deadline for filing 2025 partnership (Form 1065) and S Corporation (Form 1120S) tax returns is approaching. Learn about the e-file rejection grace period, IRS disaster relief extensions for several states, and how to request an extension using Form 7004.
2026 IRS Dirty Dozen Tax Scams

The IRS has released its annual Dirty Dozen list of tax scams for the 2026 filing season, warning taxpayers and tax professionals about common schemes, identity theft tactics, and misleading tax strategies circulating online and through fraudulent communications.
State Compliance with Federal Bonus Depreciation and Section 179 Expensing (2025)

Not all states conform to federal bonus depreciation and Section 179 expensing rules. Here is a state-by-state overview of conformity as of the end of 2025.
How Taxpayers Can Protect Their Returns: Get an Identity Protection PIN (IP PIN)

Learn how an IRS Identity Protection PIN (IP PIN) helps taxpayers prevent tax-related identity theft, protect their 2026 federal tax return, and securely access their IRS online account.
2025 IRS National Tax Security Awareness Week

With tax-related scams on the rise, the IRS reminds taxpayers and tax professionals to strengthen security and stay vigilant this filing season.
Trump Accounts: New Tax-Advantaged Savings Accounts for Children

The One Big Beautiful Bill Act created Trump Accounts, a new tax-advantaged savings account for children designed to support future education, housing, and life expenses.
Federal Tax Law Changes to Be Aware of for the 2026 Filing Season

The 2026 filing season brings important federal tax changes, including new deductions, expanded credits, and updated reporting rules starting with the 2025 tax year.
New Federal Overtime Pay Deduction: How the 2025–2028 Rules Lower Taxable Income for Millions of Workers

A new federal deduction allows workers to exclude up to $12,500 ($25,000 for MFJ) of qualified overtime pay from taxable income for tax years 2025–2028. Learn how eligibility, phase-outs, and IRS reporting rules apply.
New 2025–2028 Tip Income Deduction: What Taxpayers Need to Know

A new federal tax deduction lets eligible workers deduct up to $25,000 of tip income from 2025–2028. With fresh IRS guidance now available, taxpayers can see how to calculate qualified tips, determine eligibility, and understand phase-out rules for higher-income filers.
IRS E-File Production Shutdown, Obtaining New EFIN/PTINs, and Change in IRS Paper Refund Process

The IRS has announced several important updates that tax professionals should be aware of regarding e-file operations, the issuance of EFINs and PTINs, and changes to how paper check refunds will be processed during the upcoming filing season.