Tax Brew Blog https://taxbrewglobal.com/blog/ Bookkeeping, cleanup, US tax prep support and UK MTD for US CPA firms and UK accountants. en Wed, 14 Oct 2026 09:00:00 +0530 Standard Mileage Rates 2026: IRS Raises Business Rate to 76 Cents for July–December — What US CPA Firms Should Tell Clients https://taxbrewglobal.com/blog/standard-mileage-rates-2026-announcement-2026-11-cpa-firms/ https://taxbrewglobal.com/blog/standard-mileage-rates-2026-announcement-2026-11-cpa-firms/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal Standard mileage rates 2026: IRS raises business rate to 76¢ (July–Dec) via Announcement 2026-11; Notice 2026-10 first-half rates for CPA firms. AFR Rates October 2026 and Below-Market Family Loans: What US CPA Firms Should Tell Clients https://taxbrewglobal.com/blog/afr-rates-october-2026-below-market-family-loans-cpa-firms/ https://taxbrewglobal.com/blog/afr-rates-october-2026-below-market-family-loans-cpa-firms/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal AFR rates October 2026 (Rev. Rul. 2026-19): 4.25%/4.61%/5.22% and §7872 below-market family loans for US CPA firms. Crypto Staking Rewards Tax and Form 1099-DA: Rev. Proc. 2026-20 and What US CPA Firms Should Tell Clients https://taxbrewglobal.com/blog/crypto-staking-rewards-tax-form-1099-da-cpa-firms/ https://taxbrewglobal.com/blog/crypto-staking-rewards-tax-form-1099-da-cpa-firms/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal Crypto staking rewards tax for CPA firms: Rev. Proc. 2026-20 trust safe harbor, Rev. Rul. 2023-14 income timing and Form 1099-DA blank basis. Section 1062 Farmland Election (OBBBA): Proposed Regs IR-2026-115 and a Tax-Payment Installment Guide for US CPA Firms https://taxbrewglobal.com/blog/section-1062-farmland-election-cpa-firms/ https://taxbrewglobal.com/blog/section-1062-farmland-election-cpa-firms/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal Section 1062 farmland election (OBBBA): IR-2026-115 proposed regs — four 25% tax installments on qualified farmland gain for CPA firms. IRS Collection Alternatives After You Owe: Payment Plans, Offers in Compromise and Automatic Exemption from Penalty for US CPA Firms https://taxbrewglobal.com/blog/irs-collection-alternatives-payment-plan-oic-aep-cpa-firms/ https://taxbrewglobal.com/blog/irs-collection-alternatives-payment-plan-oic-aep-cpa-firms/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal IRS Tax Tip 2026-73 collection alternatives: installment agreements, offers in compromise, levy exemptions and Automatic Exemption from Penalty for CPA firms. IRS Whistleblower Program and HMRC’s Strengthened Reward Scheme: What US CPA Firms and UK Accountants Should Know https://taxbrewglobal.com/blog/irs-whistleblower-hmrc-strengthened-reward-scheme-cpa-uk-accountants/ https://taxbrewglobal.com/blog/irs-whistleblower-hmrc-strengthened-reward-scheme-cpa-uk-accountants/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal IRS whistleblower program meets HMRC’s Strengthened Reward Scheme (IR-2026-120): awards, FBAR risk and what US CPA firms and UK accountants should do. State Millionaire Tax 2027: Rhode Island Surtax, Washington’s 9.9% Tax and North Carolina’s Rate Cut — What US CPA Firms Should Tell Clients https://taxbrewglobal.com/blog/state-millionaire-tax-2027-rhode-island-washington-cpa-firms/ https://taxbrewglobal.com/blog/state-millionaire-tax-2027-rhode-island-washington-cpa-firms/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal State millionaire tax 2027: Rhode Island’s 1% surtax, RI amnesty, Washington’s 9.9% tax vote and NC’s 3.49% rate, for US CPA firms. Draft 2027 Form W-4: OBBBA Tips, Overtime, Car-Loan and Senior Lines for US CPA Firms https://taxbrewglobal.com/blog/draft-2027-form-w-4-obbba-cpa-firms/ https://taxbrewglobal.com/blog/draft-2027-form-w-4-obbba-cpa-firms/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal Draft 2027 Form W-4 keeps OBBBA tips, overtime, car-loan and senior lines. Withholding checklist for US CPA firms. Education Freedom Tax Credit (§25F): State Opt-In, SGO Lists and What US CPA Firms Should Tell Clients https://taxbrewglobal.com/blog/education-freedom-tax-credit-25f-cpa-firms/ https://taxbrewglobal.com/blog/education-freedom-tax-credit-25f-cpa-firms/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal Education Freedom Tax Credit (§25F): state opt-in, SGO lists, $1,700 credit vs deduction, and SC EO 2026-23 for US CPA firms. Draft Schedule 3-A and Refundable Credits as a "Federal Public Benefit": What US CPA Firms Should Prepare For https://taxbrewglobal.com/blog/draft-schedule-3-a-refundable-credits-cpa-firms/ https://taxbrewglobal.com/blog/draft-schedule-3-a-refundable-credits-cpa-firms/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal Draft Schedule 3-A would treat refunded EITC, ACTC, AOTC and adoption credits as a federal public benefit. What US CPA firms should prepare for. IRS Free File Closes October 15, 2026: What US CPA Firms Need to Know About Free File, Fillable Forms and Direct File https://taxbrewglobal.com/blog/irs-free-file-closes-october-15-direct-file-cpa-firms/ https://taxbrewglobal.com/blog/irs-free-file-closes-october-15-direct-file-cpa-firms/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal IRS Free File for 2025 returns closes Oct 15, 2026 ($89k AGI cap). Free File vs Fillable Forms vs Direct File — guidance for US CPA firms. IRS Audit Rates in the FY2025 Data Book: What CPA Firms Should Tell Clients About CP2000s and Audits https://taxbrewglobal.com/blog/irs-audit-rate-data-book-cp2000-cpa-firms/ https://taxbrewglobal.com/blog/irs-audit-rate-data-book-cp2000-cpa-firms/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal FY2025 IRS Data Book audit rates (0.32% overall, 6.6% for $10M+), CP2000 vs audits, and a notice-response checklist for US CPA firms. October 15, 2026 Extension Deadline: A Final-Day Checklist for US CPA Firms https://taxbrewglobal.com/blog/october-15-2026-extension-deadline-checklist-cpa-firms/ https://taxbrewglobal.com/blog/october-15-2026-extension-deadline-checklist-cpa-firms/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal The October 15 extension deadline covers more than Form 1040: FBAR, Form 3520, SEP and Solo 401(k) funding, IRA fixes and e-file rejects. A CPA checklist. IRS Disaster Relief Under §7508A: What US CPA Firms Should Do Before and After the Announcement https://taxbrewglobal.com/blog/irs-disaster-relief-7508a-what-cpa-firms-should-do/ https://taxbrewglobal.com/blog/irs-disaster-relief-7508a-what-cpa-firms-should-do/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal How IRS disaster deadline postponements under §7508A work, why a governor's declaration alone doesn't move a deadline, and a practical process for CPA firms. The 1099-NEC Threshold Rises to $2,000 for 2026 Payments: What CPA Firms Should Change https://taxbrewglobal.com/blog/form-1099-nec-2000-threshold-cpa-firms/ https://taxbrewglobal.com/blog/form-1099-nec-2000-threshold-cpa-firms/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal The IRS's revised 1099-MISC/1099-NEC instructions raise the reporting threshold from $600 to $2,000 for 2026 payments. Workflow changes for CPA firms. AI Tools, Offshore Teams and Section 7216: A Compliance Checklist for US CPA Firms https://taxbrewglobal.com/blog/section-7216-consent-circular-230-ai-offshore/ https://taxbrewglobal.com/blog/section-7216-consent-circular-230-ai-offshore/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal Circular 230 responsibility and IRC §7216 consent when CPA firms use AI tools or offshore and outsourced preparers: a practical checklist. Your Firm's WISP: A Practical Guide to the FTC Safeguards Rule and IRS Security Six https://taxbrewglobal.com/blog/wisp-ftc-safeguards-rule-tax-firms/ https://taxbrewglobal.com/blog/wisp-ftc-safeguards-rule-tax-firms/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal Why tax firms need a written information security plan under the FTC Safeguards Rule, what it should cover, and IRS Pub. 4557 and Pub. 5708 basics. Ghost Preparers and Preparer Responsibility: Lessons for CPA Firms from Recent IRS-CI Cases https://taxbrewglobal.com/blog/ghost-preparers-preparer-responsibility-lessons/ https://taxbrewglobal.com/blog/ghost-preparers-preparer-responsibility-lessons/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal What recent IRS Criminal Investigation preparer cases show about ghost preparers, client responsibility, due diligence and review standards for CPA firms. Outsourcing MTD and Self Assessment Work: A Client Records Handoff Checklist for UK Practices https://taxbrewglobal.com/blog/uk-mtd-self-assessment-handoff-checklist/ https://taxbrewglobal.com/blog/uk-mtd-self-assessment-handoff-checklist/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal 8-step checklist for UK practices preparing client records for Making Tax Digital bookkeeping and Self Assessment work with an outsourced team. How to Hand Off a QuickBooks Online Cleanup to an Outsourced Team: A Checklist for US CPA Firms https://taxbrewglobal.com/blog/qbo-cleanup-handoff-checklist/ https://taxbrewglobal.com/blog/qbo-cleanup-handoff-checklist/ Wed, 14 Oct 2026 09:00:00 +0530 Keshav Bansal A practical 8-step checklist for US CPA firms preparing a QuickBooks Online catch-up or cleanup handoff to an outsourced or offshore bookkeeping team.