The TXCPA Professional Standards Committee sent comments supporting PEEC’s revised Tax Services interpretation. The updated proposal replaces the MLTN threshold with a more flexible, principles-based approach.

CPA firms saw revenue and profit up, salaries rising, tech spending increasing, and strong AI openness.

The IRS is suspending its Direct File tool after low participation and high costs, despite positive user feedback. Texas was one of 25 pilot states. The IRS will now focus on strengthening the Free File program with private software partners.