Hot News and Notes

IRS replacing first-time penalty abatement with automatic relief
Wednesday, July 8th, 2026
Gift tax filing requirement guidance issued for Trump account contributions; California Trump account tax conformity bill introduced
Thursday, July 2nd, 2026
Relief for businesses affected by the Los Angeles County warehouse fire
Tuesday, June 23rd, 2026
New Qualified Opportunity Zone guidance clarifies gain recognition rules
Monday, June 22nd, 2026
Tax increases included in budget deal sent to Governor
Thursday, June 18th, 2026
Tax professionals may not be able to view FTB client notices
Tuesday, June 16th, 2026
Increased taxes included in California budget deal
Monday, June 15th, 2026
IRS unveils new Tax Professional Management Office
Wednesday, June 10th, 2026
Joint Taxation Committee releases OBBBA explanation
Tuesday, June 9th, 2026
Bipartisan legislation introduced to address taxation of digital assets
Tuesday, June 9th, 2026
Relief for businesses affected by the Orange County chemical incident
Thursday, May 28th, 2026
Appeals court rules out-of-state sole proprietor not subject to California tax
Tuesday, May 5th, 2026
Deductions can now be claimed for medical marijuana expenses
Thursday, April 23rd, 2026
Customs Border Patrol to start processing IEEPA tariff refunds on April 20
Friday, April 17th, 2026
Disaster postponement relief provided to Hawaii storm victims
Wednesday, April 15th, 2026
Settlement reached in LLC class action
Tuesday, April 14th, 2026
Qualified tips deduction final regulation adopted
Friday, April 10th, 2026
Estimated tax underpayment relief provided to farmers and fishermen
Thursday, April 2nd, 2026
Digital asset lot identification relief extended
Friday, March 20th, 2026
Transitional relief announced for business interest elections
Friday, March 20th, 2026
Trump account proposed regulations issued
Monday, March 9th, 2026
Qualified tips deduction clarified for self-employed individuals
Wednesday, March 4th, 2026
What to do when California forms are not available through your software provider
Tuesday, February 24th, 2026
Guidance issued on OBBBA’s qualified production depreciation deduction
Monday, February 23rd, 2026
Mortgage assistance program for disaster victims greatly expanded
Thursday, February 12th, 2026
FTB interest rates released
Wednesday, February 11th, 2026
1040-ES mailing address confusion
Wednesday, February 11th, 2026
160 lenders extend mortgage relief for LA fire survivors
Monday, February 9th, 2026
IRS to remain staffed for first 5 days of shutdown
Tuesday, February 3rd, 2026
FTB’s systems back up and running
Thursday, January 29th, 2026
FTB’s systems are down
Thursday, January 29th, 2026
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