Tax Practice News
IRS Leadership in Transition
Acting IRS Commissioner Melanie Krause has announced her resignation, marking the third leadership change at the agency in just four months. This development comes during a critical period of IRS transformation.
Apr 15, 2025
What Your Team is Doing With Time Saved by AI
Generative AI tools are transforming how tax professionals work, reducing task completion time by up to 56%. However, recent research indicates many practitioners aren't optimizing this newfound efficiency. Here's what tax practice pros should know.
Apr 10, 2025
How Tax Preparers Can Help Clients Navigate the New Tariff Landscape
In the wake of President Trump's recent "Liberation Day" announcement of reciprocal tariffs on global trading partners, tax professionals have a unique opportunity to provide valuable guidance to clients.
Apr 8, 2025
Trust Filing Mistake Case May Reshape "Reasonable Cause" Rules
A new federal district court case, Murphy v. United States, creates an important distinction in the long-established Boyle standard for penalty relief when taxpayers rely on tax preparers.
Apr 3, 2025
Optimizing K-1 Processing for Tax Practitioners
Tax teams face significant challenges with K-1 processing, as more than half of this work is compressed into just three months, with the busy season now extending beyond the traditional January-April period into July-October.
Apr 1, 2025
