Show notes
Roger and Annie take a midyear look at how the IRS is holding up: call center struggles, a wave of CP2000, CP05, and CP14 notices, and the sudden departure of top Treasury tax official Ken Kies. They break down the new automatic penalty abatement replacing the old first-time abatement process, updates to Trump accounts, and a long list of OBBBA provisions kicking in for 2026, from the educator expense deduction to a higher 1099-K threshold. They close with practical tips for managing the fall extension crunch and a prediction on whether the TAS Act clears its Senate Finance Committee markup.SponsorsPadgett - Contact Padgett or Email Jeff PhillipsGet NASBA Approved CPE or IRS Approved CELaunch the course on EarmarkCPE to get free CPE/CE for listening to this episode.Links mentioned in this episodeChapters(00:00) - Welcome and Catch Up(00:31) - Summer Tax Conference Circuit(04:06) - Why IRS Phones Struggle(06:22) - Digital Self Service Push(08:44) - Staffing Tech and Leadership Shift(12:34) - Tips and Overtime Reporting 2026(14:39) - Refund Notices and Paper Checks(16:53) - Most Common IRS Notices(21:05) - Trump Accounts Guidance Update(24:03) - Kwong Case Status and Deadlines(27:00) - Fall Extension Survival(28:43) - Client Info Deadlines(31:13) - Systems and Automation(33:07) - Midyear Client Touchpoints(34:00) - Advisory in AI Era(35:21) - Automatic Penalty Relief(38:00) - AEP Tradeoffs Explained(42:36) - Key Changes for 2026(45:59) - Business and Reporting Updates(48:50) - TAS Act Outlook(53:43) - Conference Plans and FarewellFollow the Federal Tax Updates Podcast on Social Mediatwitter.com/FedTaxPodfacebook.com/FedTaxPodlinkedin.com/showcase/fedtaxpodConnect with the Hosts on LinkedInRoger HarrisAnnie SchwabReviewLeave a review on Apple Podcasts or PodchaserSubscribeSubscribe to the Federal Tax Updates podcast in your favorite podcast app!This podcast is a production of Earmark MediaThe full transcript for this episode is available by clicking on the Transcript tab at the top of this pageAll content from this podcast by SmallBizPros, Inc. DBA PADGETT BUSINESS SERVICES is intended for informational purposes only.