Current developments
Current tax law changes, IRS developments, filing-season issues, and practical topics for tax professionals.
Federal Tax Law Updates
The IRS changed its standard mileage rates in the middle of 2026. Business mileage is 72.5¢ through June 30 and 76¢ starting July 1. Here is what tax preparers need to know.
Federal Tax Law Updates
The federal 1099 reporting threshold increased to $2,000 for many payments in 2026. Here is what changed for Form 1099-NEC and Form 1099-MISC, what stayed the same, and the exceptions tax preparers should know.