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INDUSTRY INSIGHTS

Accounting and Tax Industry Insights from the Tax Resolution Experts at Protection Plus.

Your trusted resource for actionable insights on tax issues, tax news, audit trends, and more.

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IRS Expanded Business Tax Account: What Professionals Need to Know Now

Effective April 6, 2026, the IRS just expanded its Business Tax Account to partnerships, nonprofits, government entities, and more. For tax professionals, this digital shift means faster access to client account data and less reliance on paper and phone. Here's a full breakdown of who's eligible, what they can access, and what it means for your practice.

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February 2026 Tax Industry News Roundup

Stay informed with our latest insights and expert outlook from our team at Protection Plus. In this article, take a deeper dive into topics highlighted in our February News Roundup. We cover new energy credit guidance, refund trends, Tax Pro Account updates, and a key R&D court ruling, plus actionable steps tax professionals should take now.

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January 2026 Tax Industry News Roundup

Stay informed with our latest insights and expert outlook from our team at Protection Plus. In this article, we break down key updates from our January News Roundup, including what the latest Advisory Council report means for tax professionals, the 2026 mileage rate increase, new bonus depreciation guidance, and proposed rules on car loan interest deductions. We also explore IRS modernization efforts and what it could mean for tax professionals.

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How Our Team Resolved an IRS Verification Review and Secured a Taxpayer’s Full Refund

IRS verification of refundable credits can delay refunds and require extensive documentation. This article explains how our case team handled an IRS credit review from initial notice through final determination, resulting in the IRS closing the examination with no changes and releasing the taxpayer’s full refund.

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December 2025 Tax Industry News Roundup

Stay informed with our latest insights and expert outlook from our team at Protection Plus. In this article, take a deeper dive into topics highlighted in our December News Roundup. We cover new IRS proposed regulations under the One Big Beautiful Bill Act, congressional tax legislation activity, key guidance on expanded HSA rules, and developments impacting adoption tax credits.

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November 2025 Tax Industry News Roundup

Stay informed with our latest insights from our team at Protection Plus. In this article, take a deeper dive into the key developments from our November News Roundup. We cover the IRS’s transitional reporting relief for tips and overtime under the One Big Beautiful Bill Act, updated 401(k) and IRA contribution limits for 2026, changes to Roth 401(k) catch-up contributions, IRS staffing pressures, and the discontinuation of the Direct File program. Discover the implications of these updates for tax professionals and the practical steps to guide clients effectively.

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First-Time Penalty Abatement: How Proactive Representation Saved a Business $2,820

Even diligent businesses can face unexpected IRS penalties. This article shares a real-world case in which our team helped a business avoid a $2,820 Failure to File penalty through the IRS First-Time Penalty Abatement program, demonstrating how rapid response and expert knowledge of IRS relief programs can secure a complete recovery and restore a client’s account to good standing.

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October 2025 Tax Industry News Roundup

Stay informed with our latest insights and expert outlook from our team at Protection Plus. In this article, take a deeper dive into topics highlighted in our October News Roundup. We look at how a recently passed law demands clearer error-notices from the IRS and the actionable steps for tax professionals to take next. We also discuss the IRS’s service-disruption amid the government shutdown, inflation-adjustments for tax year 2026, updated 1099-K thresholds and tip and overtime deduction guidance.