Digital Assets: Tax Fundamentals, Emerging Issues, and 2026 Legislative Developments

Posted on by Lindy Murphy
Digital Assets: Tax Fundamentals, Emerging Issues, and 2026 Legislative Developments Watch the replay!   This two-hour webinar provides a practical, tax advisor-focused overview of the taxation of digital assets, progressing from foundational concepts to intermediate-level tax analysis and recent legislative developments.   Participants will gain a working understanding of how cryptocurrencies, stablecoins, and other blockchain-based assets are classified and taxed under current U.S. federal income tax law, including key principles such as property ...
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Hobby and House Flipping

Posted on by Lindy Murphy
Hobby and House Flipping Watch the webinar replay! Millions of people enjoy hobbies that are also a source of income. From catering to baking cupcakes, crafting homemade jewelry to wind chimes -- no matter what a person’s passion, we as tax professionals must determine if our client has a business or Hobby. The rules for how to report the income and expenses depend on whether the activity is a hobby or business. Sometimes the tax law is so obvious that one need not be an expert to conclude the result of a case. But at times we allow ourselves to be so obscured in details ...
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Small Business Credits & Deductions

Posted on by Lindy Murphy
Small Business Credits & Deductions This course will review, explain, and discuss best practices for many valuable business and rental activity credits and deductions. Substantial federal tax savings are available with the Section 199A QBI deduction, pass-through elective tax deduction (PTET), accelerated depreciation deductions, favorable retirement plan funding deductions, shareholder, partner, and owner health insurance deductions, vehicle deductions, and home office deductions. Plus business credits including the R&D credit, employer's tips credit, employer's cre...
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Trump Accounts

Posted on by Lindy Murphy
Trump Accounts Listen to the recorded webinar. The One Big Beautiful Bill Act (OBBBA) established Trump Accounts, a new federal, tax-advantaged investment account for children under age 18. The program provides a government seed contribution for certain children born between January 1, 2025, and December 31, 2028, along with the ability for families and employers to make additional contributions, subject to annual limits. The Treasury Department and IRS have issued initial implementation guidance (Notice 2025-68) and announced forthcoming regulations, prompting growing client int...
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Introduction to Client Portals

Posted on by Lindy Murphy
Introduction to Client Portals Join us for an introductory training session on Client Portals for TaxAct Professional. This webinar will provide an overview of the portal features and demonstrate how to securely exchange documents, manage client files, and navigate the portal experience. See the system in action from both the preparer and taxpayer view, and learn the basics of setup and everyday use. Disclaimers:By clicking ‘submit’ you agree to TaxAct’s Privacy Policy and Terms of Service. 
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Estate Planning After OBBBA …Turning Theory into Practice

Posted on by Lindy Murphy
Estate Planning After OBBBA … Turning Theory into Practice Join Michael Miranda for an exciting discussion on what can be done in 2026 and beyond to assist clients in developing an appropriate estate action plan. The “permanent” increase to 15M in basic exclusion amount provides estate tax planning opportunities for middle (less than $15M estates) and high-net-worth client. Many wealthy and not-so wealthy taxpayers need to consider what actions they should take with respect to large gifts and other lifetime planning strategies. Clients will be best served by consideration of planning tech...
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Social Security & Medicare Update

Posted on by Lindy Murphy
Social Security & Medicare Update This program provides an update on Social Security, Medicare, and Medicaid, with emphasis on the tax and planning considerations relevant to tax professionals. As the population continues to age and more individuals transition into retirement, practitioners are increasingly asked to advise clients on retirement income planning, healthcare coverage, eldercare issues, and government entitlement programs. This webinar reviews the structure and operation of these programs and discusses how recent legislative and administrative developments may affect client p...
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The Busy Tax Season Is Over: What’s Next for Tax Pros?

Posted on by Lindy Murphy
The deadline has passed. The long nights, constant filings, and endless client calls are finally behind you. For many tax professionals, this moment brings relief, but also a critical question: What should you be doing now to set yourself up for an even better next season? The post-tax-season window is one of the most valuable (and underutilized) opportunities to improve efficiency, strengthen client relationships, and grow your practice. Here’s how to make the most of it. 1. Conduct a Post-Season Review Before shifting gears, take time to evaluate what worked and what didn’t. As...
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How Tax Professionals Can Navigate the IRS During Peak Season

Posted on by Lindy Murphy
How Tax Professionals Can Navigate the IRS During Peak Season For preparers, knowing the right IRS resources and when to use them can help you save time and keep returns moving through the pipeline. Below is a guide to the most useful IRS contact options and strategies tax professionals rely on during the busiest part of the filing season.   Start with the Practitioner Priority Service (PPS) The Practitioner Priority Service (PPS) is typically the fastest way for tax professionals to resolve account-related issues with the IRS. Practitioner Priority Service Phone Number: 866-8...
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After Tax Season Ends, Cybersecurity Shouldn’t

Posted on by Lindy Murphy
The Top 3 Cyber Risks Facing Tax Firms This Season — and What to Do First Tax season brings tight deadlines, long hours, and constant communication with clients. It also brings something else: increased cyberattacks. Criminals know tax offices are moving quickly and handling sensitive financial data. That combination makes firms especially attractive targets. The reality is that most successful attacks don’t start with sophisticated hacking — they start with a stolen login, a rushed click, or an unverified request. The encouraging news? You don’t need to be an IT specialist to dramatica...
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Estate Planning After the “One Big Beautiful Bill”: What TaxAct Professionals Need to Know

Posted on by Lindy Murphy
When the Tax Cuts and Jobs Act (TCJA)* — famously dubbed the One Big Beautiful Bill Act, now called the Working Families Tax Cut Act — was signed into law, it reshaped the estate and gift tax landscape almost overnight. The ripple effects are still very much in play, especially as sunset provisions approach and clients reassess long‑term plans. This post breaks down what changed, what’s still in effect, and how tax professionals can guide clients through smarter estate planning decisions in today’s environment.   A Quick Refresher: What the TCJA Changed for Estate Planning The mos...
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IRS Research & What Tax Pros Should Watch in 2026

Posted on by Lindy Murphy
IRS Research & What Tax Pros Should Watch in 2026 As the 2026 tax season begins, professional tax preparers face a shifting compliance landscape shaped by new IRS research, audit priorities, and taxpayer behavior. Understanding these changes is key to helping clients avoid costly mistakes — and keeping your practice efficient and audit-ready.   1. IRS Audit Shifts: More Focus on High-Income and Complex Returns Recent enforcement updates from the IRS point to a continued pivot toward auditing higher-income individuals, passthrough entities, and complex business returns. This stem...
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SALT Deduction Changes for 2025: What Tax Professionals Need to Know

Posted on by Lindy Murphy
Recent legislation temporarily expands the SALT deduction cap, creating new planning opportunities — particularly for higher-income taxpayers and clients in high-tax states.What’s Changing in 2025For tax years 2025 through 2029, Congress increased the SALT deduction cap under the One Big Beautiful Bill Act (also known as the Working Family Tax Cut Act).Key changes include:·       The SALT cap increases to $40,000 for married filing jointly and $20,000 for married filing separately·       The expanded cap is phased down for taxpayers with MAGI above $500,000 ($250,000 for MFS)·       Both the c...
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Tax Season Readiness Guide – TY25 – With One Big Beautiful Bill Act Updates

Posted on by Lindy Murphy
Our new Tax Year 2025 Season Readiness Guide is here. The guide includes important calendar dates, direct resources that are available, and also updated guidance for the One Big Beautiful Bill Act. What’s the purpose of the Tax Season Readiness Guide? To help alleviate some of the stress that comes with prepping for the upcoming tax season, we have created an updated season readiness guide every tax season. The information is important for you and your tax firm in order to help prep and stay ahead of the coming tax season. Plus, it’s a great resource for you to utilize in the depths of tax s...
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Cybersecurity Best Practices for 2025

Posted on by Lindy Murphy
Cybersecurity Best Practices for 2025 As a tax professional, you’re legally required to safeguard taxpayer data — and the stakes are higher than ever. Join us for this exclusive webinar, Jared Ballew (VP of Government Relations, TaxAct) will walk you through: - Your obligations under the FTC Safeguards Rule How to create and maintain a Written Information Security Plan (WISP) Practical safeguards every tax pro must implement What to do if a data breach occurs Disclaimers:By clicking ‘submit’ you agree to TaxAct’s Privacy Policy and Terms ...
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