News

The AICPA recommended in a letter on September 12, 2025, that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed electronically.

The Tax Adviser and Journal of Accountancy have for many years surveyed AICPA members in tax practice soon after tax busy season regarding their impressions. The 2025 tax software survey was completed between June 2 and June 20 by 2,011 AICPA members who prepared 2024 tax returns for a fee. They recorded their views of the software’s strengths and weaknesses, generally on a scale of a low of 1 to a high of 5, their top likes and dislikes, their experiences with product support, and other parameters.

The Internal Revenue Service, working with the U.S. Department of the Treasury, today announced that paper tax refund checks for individual taxpayers will be phased out beginning on Sept. 30, 2025, as required by Executive Order 14247.

The American Institute of CPAs (AICPA) and state CPA societies have strongly advocated Congress to authorize the Internal Revenue Service (IRS) to postpone federal tax deadlines for taxpayers affected by a qualified state-declared disaster upon a declaration by the state governor. Earlier this year, the House of Representatives unanimously passed the Filing Relief for Natural Disasters Act (H.R. 517) and this week the Senate followed suit, passing the bill by unanimous consent. The bill now heads to the President’s desk for his signature.

Below are details of many of the tax provisions in the One Big Beautiful Bill Act, which was signed into law Friday, July 4, 2025, by President Donald Trump.

For several weeks, the American Institute of CPAs (AICPA), along with various other stakeholders, have raised concerns over proposals to eliminate the pass-through entity tax (PTET) state and local tax (SALT) deduction for specified service trades or businesses (SSTBs). Following the release of the reconciliation bill by the Senate, the AICPA has identified several provisions it supports.

Earlier today, the AICPA and state CPA societies in 53 states and jurisdictions sent a letter to the Senate Committee on Finance urging the retention of the ability for all pass-through entities to deduct state and local taxes at the entity level.

The Senate is considering a sweeping bill that effectively targets particular pass-through businesses by indirectly raising taxes on those entities that are considered the backbone of the American economy but maintain deductions for large corporations. The legislative package, known as the “big beautiful bill,” is expected to undergo additional changes before the Senate’s upcoming vote. Join ARCPA and AICPA in raising awareness of this issue by encouraging other members to contact their senators by Friday, June 13

Governor of the State of Arkansas and pursuant to Ark. Code Ann. §§ 12-75-101, et seq., and the state of emergency declared in Executive Order 25-07, amends Executive Order 25-08 to include additional counties.

In the wake of recent reports of workforce reductions at the Internal Revenue Service (IRS), President and CEO, Mark Koziel, CPA, CGMA, of the American Institute of CPAs (AICPA) released a statement regarding IRS Services for this tax season