08/23/2026
📚✈️ WE DIDN’T GO TO NEW YORK JUST FOR THE EXPERIENCE — WE WENT TO LEARN!
AA’s Financial Services LLC recently attended the 2026 IRS Nationwide Tax Forum in New York, and when I say we went to LEARN, I mean we attended the classes, took notes, asked questions, and paid attention to what is changing in the tax industry.
Why?
Because tax preparation is NOT just putting numbers into software and pressing submit.
Tax laws change. IRS procedures change. Reporting requirements change. Technology changes. And as tax professionals, it is our responsibility to keep learning.
Some of the topics and updates we went over included:
📌 New federal tax-law changes and how they affect upcoming returns
📌 Working Families Tax Cuts provisions and implementation
📌 New and changing deductions, credits and limitations
📌 Due diligence requirements for tax professionals
📌 IRS examinations and audit procedures
📌 Tax preparer compliance and enforcement
📌 Circular 230 and professional responsibilities
📌 IRS use of technology, data analytics and AI in tax administration and compliance
📌 Social media, tax misinformation and professional conduct
📌 Identity theft and tax-related fraud prevention
📌 Cybersecurity and protecting taxpayer information
📌 Digital assets and cryptocurrency reporting
📌 Form 1099-DA and increased third-party digital-asset reporting
📌 Business income, expenses and recordkeeping
📌 Schedule C and self-employed taxpayer compliance
📌 Hobby-loss vs. business rules and establishing a profit motive
📌 Earned Income Tax Credit and other refundable-credit compliance
📌 Child-related tax provisions
📌 Retirement and tax considerations affecting seniors
📌 New savings opportunities and accounts created under recent tax legislation
📌 IRS notices, collections and taxpayer compliance
📌 Preparer penalties and consequences for failing to follow due-diligence requirements
📌 Documentation — because if you claim it, you need to be able to SUPPORT it
📌 Protecting our EFINs, PTINs, businesses AND clients from tax-related scams and fraud
📌 Changes that will affect the 2026 filing season and future tax years
And that is only SOME of what we covered.
One thing that was made very clear throughout the forum:
The tax industry is changing, and tax professionals have to change with it.
Technology is advancing. Information reporting is expanding. The IRS has more tools available to identify inconsistencies, and compliance and proper documentation continue to matter.
That is why we invest our TIME, MONEY and ENERGY into continuing education.
We don’t want to learn about a major tax change from a Facebook post two weeks before filing season. 😂
We want the information from the people responsible for administering and enforcing the tax laws, and then we continue researching the actual law and IRS guidance so we understand how it applies to our clients.
Our goal isn’t to get you the biggest number somebody can type into a return.
Our goal is to make sure you receive every credit, deduction and tax benefit you LEGALLY qualify for while keeping your return accurate and compliant. 💯
Over the next several weeks, I’m going to start breaking down some of what we learned into individual educational posts so our clients AND fellow tax professionals can better understand what’s coming.
Because when you choose a tax professional, don’t just ask:
“How much can you get me back?”
Ask:
“What are you doing to stay educated?” 👏🏽
At AA’s Financial Services LLC, education doesn’t stop when tax season ends.
We prepare. We train. We learn. We stay ready.
Because our clients deserve professionals who take their responsibility seriously. 🖤💛
