TaxPro World, San Francisco, CA (2026)

11/20/2025

𝗖𝗦𝗘𝗗: 𝗪𝗵𝗮𝘁 𝘁𝗮𝘅 𝗽𝗿𝗼𝘀 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗸𝗻𝗼𝘄 𝗮𝗯𝗼𝘂𝘁 𝘀𝘂𝘀𝗽𝗲𝗻𝘀𝗶𝗼𝗻𝘀 𝘃𝘀. 𝗲𝘅𝘁𝗲𝗻𝘀𝗶𝗼𝗻𝘀 ⏳

The Collection Statute Expiration Date (CSED) is generally 10 years from assessment, but that “clock” doesn’t always run. Certain events can suspend (pause) or extend (add time to) the collection period—key for planning strategy, advising on compliance, and managing client expectations.

- ✅ Suspension: periods when IRS is legally barred from collecting (e.g., bankruptcy automatic stay, pending CDP/OIC/innocent spouse). Time doesn’t run.
- ✅ Extension: specific rules that add time (e.g., certain court actions or time outside the U.S. that tacks on extra months).
- ✅ Practice tip: Map every tolling event on a timeline and confirm transcripts (TXMOD/IMFOLT/BMFOLT) before recommending IA/OIC or letting CSED run.

Bottom line: Accurate CSED calculations drive strategy—whether to pursue resolution now or allow the statute to expire. Misreading the clock can cost clients time and money.

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11/18/2025

2026 IRA deduction and Roth eligibility: know the new phaseouts 📈

Traditional IRA deduction and Roth IRA contribution rules tighten with new 2026 income phaseouts. Single (covered): $81k–$91k; MFJ covered spouse: $129k–$149k; noncovered spouse: $242k–$252k. Roth: single $153k–$168k; MFJ $242k–$252k; MFS $0–$10k.

- ✅ Confirm plan coverage (W-2 Box 13) and track nondeductible amounts on Form 8606 to preserve basis.
- ✅ Consider backdoor Roths, spousal IRAs, QCDs, and timing of conversions for over-threshold clients.
- ✅ Manage MAGI: HSAs, §179 timing, SE health, charitable bunching, and retirement deferral strategies.

Pro move: run 2026 MAGI projections now so clients set contribution type/amounts before January payrolls.

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11/14/2025

Savings for kids get a boost with new “Trump Accounts” starting in 2026 💼👶

Families will soon have a new vehicle to build long-term wealth for children: Trump Accounts. Annual contributions up to $5,000 (non-deductible) can grow tax-free until age 18, when the account becomes a traditional IRA; newborns in 2025–2028 may receive a $1,000 federal seed.

- ✅ Eligibility: children under 18; pilot seed deposit for births in 2025–2028 (subject to Treasury implementation).
- ✅ Planning note: contributions count toward annual gift exclusion; early withdrawals before 18 aren’t allowed.
- ✅ Investment limits: index-tracking funds during the child phase; IRA rules apply after conversion at 18.
For practitioners: model funding alongside 529s/Roth options, verify client eligibility, and prepare workflows for account setup and documentation in 2026.

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11/13/2025

Indoor tanning still carries a 10% federal excise tax ☀️

The ACA imposes a 10% federal excise tax on indoor tanning services. Salons collect it from customers and remit quarterly (Form 720). Phototherapy ordered by medical providers isn’t subject to the tax. Repeal efforts have surfaced periodically, including in early 2025.

- ✅ Scope: applies to UV indoor tanning services; excludes medically prescribed phototherapy
- 🧾 Compliance: businesses must charge, track, and remit quarterly (consider Form 720 workflows)
- 📉 Impact: salons reported revenue pressure since mid-2010; set client expectations on pricing

Bottom line for practitioners: verify client service offerings, ensure proper point-of-sale tax capture, and document exemptions to reduce audit risk.

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11/10/2025

𝗕𝗶𝗴 𝗿𝘂𝗿𝗮𝗹 𝗯𝗼𝗼𝘀𝘁 𝗳𝗼𝗿 𝗢𝗽𝗽𝗼𝗿𝘁𝘂𝗻𝗶𝘁𝘆 𝗭𝗼𝗻𝗲𝘀 🌾

Rural QOZ projects just got easier. Effective July 4, 2025, existing-building projects in rural-designated zones only need improvements equal to 50% of the building’s basis (not 100%). More than 3,300 OZ tracts are rural, and further enhancements start in 2027.

- ✅ Ex*****on: the 50% test can unlock warehouse/industrial conversions where rents are tight.
- 🧭 Governance: verify rural status, document basis allocations, and monitor the 30-month clock.
- 📈 Forward look: from 2027, QROFs can offer a 30% basis step-up after 5 years consider fund mandates now.

What it means: Better viability for rural deals, but success still hinges on underwriting, local demand, and disciplined compliance.

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11/06/2025

IRS begins phasing out paper refund checks—here’s what taxpayers must do 📨

The IRS is transitioning away from paper refund checks starting Oct. 1, 2025. For 2024 and earlier returns, nothing changes. For 2025 returns filed in 2026, taxpayers should provide direct deposit details or qualify for an exception, otherwise the IRS will delay issuing a paper check (generally about six weeks).

- ✅ Prepare now: add routing/account collection to your client intake; validate account ownership to reduce rejects
- ✅ Manage exceptions: build a documented process for unbanked/vulnerable clients and maintain proof of exception requests
- ✅ Educate clients: explain timing differences and why e-refunds are faster and more secure

This shift can streamline filing season, but only if firms gather banking data early, update engagement letters, and set expectations. (Sources: IRS IR-2025-94; NTA guidance.)

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11/06/2025

🎁 Holiday volunteering can also bring tax savings 🌟

As clients volunteer this season, remind them that time isn’t deductible—but certain unreimbursed expenses are when itemizing for qualified charities. Eligible costs typically include mileage at 14¢/mile, public transit, parking/tolls, required uniforms not suitable for everyday wear, and inexpensive supplies used exclusively for the charity’s work.

- ✅ Conventions/travel: deductible only if the primary purpose is service (not recreation) and the volunteer is an official representative.
- ✅ Fundraisers at home: out-of-pocket hosting expenses can qualify; no deduction for the value of your time, use of your home, or guests’ benefits.
- ✅ Records: keep receipts, mileage logs, and obtain written acknowledgments for contributions of $250+.

Practical tip: add a “volunteer” category in client organizers so these small expenses don’t get lost by April.

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10/30/2025

🔒 Stay Safe This October: Cybersecurity Awareness Month Tips from the IRS

October is National Cybersecurity Awareness Month, a vital reminder for tax professionals and firms to strengthen data protection practices. The IRS and Security Summit partners emphasize vigilance against scams targeting both practitioners and clients.

- ✅ Always use a VPN when accessing public Wi-Fi
- ✅ Train employees to recognize phishing and social engineering attempts
- ✅ Require strong passwords, enable MFA, and keep all software up to date

Cybersecurity breaches can lead to data theft, identity fraud, and compliance violations. Protecting sensitive tax data is not optional, it’s essential.

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10/21/2025

Tax Court cancels trial sessions for Oct. 20–27 amid shutdown ⚖️

The U.S. Tax Court has canceled all in-person and remote trial sessions for the weeks of Oct. 20 and Oct. 27. While trials pause, the clerk’s office remains open for paper filing and e-filing. Special hearing sessions on Oct. 22 and Oct. 29 will go forward as scheduled. Future cancellations will be determined weekly.

- ✅ Action for firms: Keep filing petitions, motions, and stipulations should proceed to protect clients’ rights.
- 🗓️ Scheduling: Update engagement letters and timelines; set weekly check-ins aligned with the Court’s cadence.
- 📞 Coordination: Verify session-specific details and ensure clients understand which appearances are affected.

This isn’t downtime, it’s a reshuffle. Use the window to finalize records, narrow issues, and position cases for efficient resolution when calendars reopen.

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10/17/2025

Tax brackets & standard deductions set for 2026 🔔

The IRS confirmed 2026 inflation adjustments: the 37% rate starts above $640,600 (single), $768,700 (MFJ), and $384,350 (MFS). Standard deductions rise to $16,100 (single/MFS), $32,200 (MFJ), and $24,150 (HoH). These apply to returns filed in 2027.

For seniors, the additional standard deduction is $2,050 if single and $1,650 if married. AMT exemptions and the adoption credit also increase.

- ✅ Planning tip: update safe-harbor and withholding analyses to reflect higher thresholds and deductions.
- ✅ Seniors: confirm extra amounts when modeling itemize vs. standard scenarios.
- ✅ Review AMT/adoption-credit phaseouts to avoid surprises in 2026 projections.

Bottom line: Adjust client estimates, organizers, and tax-planning memos now to capture bracket creep relief and optimize Q1 2026 withholding.

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10/16/2025

AICPA urges full IRS staffing during shutdown 🔔

With many IRS employees furloughed, automated notices and collections can continue even when live assistance is limited. AICPA is urging the IRS to keep critical systems online, temporarily halt compliance actions and automated collections, and grant targeted relief on estimated tax and late penalties.

- ✅ Suspend automated liens/levies and collection notices until full service resumes
- 🧩 Keep online accounts, transcripts, and e-services available for practitioners and taxpayers
- 🛡️ Provide targeted penalty relief where timely assistance isn’t possible

What this means for firms: prepare hold-harmless communications, document client contacts and notice dates, and queue reasonable-cause narratives so you can request relief promptly once guidance is issued.

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10/15/2025

Payroll tax alert: IRS can assess 100% Trust Fund Recovery Penalty (TFRP) 💼

Employers who willfully fail to collect and remit payroll taxes can face a TFRP equal to the unpaid trust fund amount. A recent staffing-company case underscores exposure: owners who controlled finances failed to pay over $1.3M, agreed to restitution, and face up to five years in prison.

- ✅ TFRP = 100% of withheld income + employee F**A; personal liability can reach officers and decision-makers.
- ✅ “Responsible person” hinges on control over finances and payment decisions—not just job title.
- ✅ Early remediation (EFTPS controls, 941 tie-outs, Form 4180 prep) can mitigate damage and defense risk.

For tax pros: strengthen payroll trust fund procedures, document authority lines, and monitor cash-flow triage that starves remittances—CI enforcement is active.

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