Federal Tax Updates

Potential COVID-Era Refund Claims: Why July 10 is on Practitioners’ Radar

The Tax Court decision in Kwong v. United States has sparked interest in potential COVID-era refund claims. Although the case is being appealed, some practitioners are filing protective refund claims before the July 10 deadline to preserve possible refund opportunities. This article explains why the deadline matters and what practitioners may want to review now.

IRS Provides Blanket Underpayment Penalty Relief for Qualifying Farmers Filing 2025 Returns

The IRS is providing underpayment penalty relief for qualifying farmers and fishermen filing 2025 returns. This article explains who qualifies, how the relief works, and what to do if a penalty was already assessed.

IRS Provides More Overtime Deduction Guidance

The IRS has released additional guidance clarifying how the qualified overtime compensation deduction works. This post explains what counts as qualified overtime, how FLSA coverage affects eligibility, applicable deduction limits, and reporting requirements for employers and taxpayers for 2025 and 2026.

The End of Paper Refund Checks—and What It Means for Filing Season Prep

The IRS is eliminating paper refund checks, shifting refunds and payments fully toward electronic methods. This change has important implications for filing season preparation, client intake, and payment planning. Learn what tax professionals should address now to help prevent delays once returns are filed.

OBBBA Update: Qualified Tips and Overtime Compensation for Tax Year 2025

The One Big Beautiful Bill Act (OBBBA) created new deductions for 2025–2028 for qualified tips and qualified overtime compensation. This overview covers eligibility and phase-outs—and links to a Feb. 9 update with additional IRS guidance.

Public Law 86-272 and Nexus: What Happened to the House OBBBA Provision?

Learn what happened to the House OBBBA provision affecting Public Law 86-272 and state tax nexus rules. Tax expert Annette Nellen explains the implications for multistate businesses in this reprinted article and upcoming webinar.