Tax Practice News
OBBB Updates and Preparing Clients for Tax Law Changes
The IRS issued welcome penalty relief this week for the One Big Beautiful Bill Act's new information reporting requirements, acknowledging what practitioners already knew: the reporting infrastructure simply isn't ready.
Nov 11, 2025
FAQs for Form 1099-K Threshold under the One, Big, Beautiful Bill
Fact Sheet 2025-08 includes updated frequently asked questions regarding the dollar threshold for filing Form 1099-K under the OBBB. The OBBB retroactively reinstated the reporting threshold in effect prior to the passage of ARPA.
Nov 7, 2025
Preparing Tax Clients for the 2026 ACA Open Enrollment Crisis
As open enrollment begins on November 1, tax practitioners face an urgent challenge: helping clients navigate dramatic changes to the Affordable Care Act marketplace coverage.
Nov 6, 2025
PTIN Renewals for the 2026 Tax Season
The 2026 preparer tax identification number (PTIN) renewal period is now open for the more than 800,000 paid tax preparers.
Nov 5, 2025
IRS Staffing Crisis and Budget Cuts Create Perfect Storm for Tax Practitioners
Tax professionals are bracing for significant operational challenges as the Internal Revenue Service grapples with a devastating 25% reduction in its workforce and impending budget cuts.
Nov 4, 2025
