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IRS Updates

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IR-2026-83

First Time Abate Is Being Retired: IRS Rolls Out Automatic Exemption from Penalty for Compliant Filers

The IRS announced on July 8, 2026, that it will replace First Time Abate with a new Automatic Exemption from Penalty (AEP) program starting summer 2026. Eligible taxpayers with a clean three year filing and payment history will get failure to file, failure to pay, and failure to deposit penalties waived without asking. Here is the transition timeline and what tax pros need to watch.

IR-2026-82

CRAT + SPIA Shelter Is Officially Dead: Final Regs Name It a Listed Transaction, Disclosure and Penalties Attach

Treasury and the IRS issued final regulations on July 8, 2026, formally identifying certain Charitable Remainder Annuity Trust transactions as listed transactions. Participants and material advisors now face mandatory disclosure and stiff penalties for failure to file. Here is what tax counsel, financial advisors, and estate planners need to know before the disclosure deadline hits.

IR-2026-81

Security Summit Fires the Starting Gun on Its 2026 Summer Series: Week One Puts New Scams Aimed at Your Firm on Notice

The IRS and Security Summit partners launched the 2026 "Protect Your Clients; Protect Yourself" summer campaign on July 7, 2026. Week one covers the newest scams targeting tax pros: IRS impersonation, viral social media tax hacks, "new client" spear phishing, and EFIN, PTIN, and CAF number theft. Here is what to do about it.

The Tax Awards

The night the industry made history
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The 2026 Recap, Save the Date 2027

We made history.

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June 25 to 27, 2027
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A full house. The whole industry in one room. The Tax Awards 2026 went viral all over social media and set a new standard for what a tax industry event can feel like. Watch the recap, then get on the waitlist so you do not miss what is coming next.

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The Tax Awards
An Annual Event
01

Day One, The Mixer

Friday, June 25, 2027. A networking mixer and mingle for tax pros. Kick off the weekend with the people you have been watching online all year, now standing right in front of you.

02

Day Two, The Tax Awards

Saturday, June 26, 2027. The night the industry comes together. Recognition, strategy, real connection, and the awards ceremony that redefined what this space celebrates. Bigger this year.

03

Day Three, Bosses, Business, and Brunch

Sunday, June 27, 2027. The exclusive women only VIP brunch. Strategy, sisterhood, and the real conversations that do not happen anywhere else. Boss women in tax only.

The Podcast

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Each episode features tax professionals, firm owners, software founders, and industry voices sharing what is actually happening in this space. Strategy, scaling, compliance, the day to day reality of building in tax. No fluff. Just real conversations. Want to be featured? Tap in and apply to be a guest.

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