At the end of 2025, the U.S. Postal Service rolled out Rule 608.11 and it’s a game-changer. First Class mail is now postmarked when it is processed at a regional center, which could be days later. A delayed postmark could mean late filings, penalties, interest, or even missed claims. Savvy practitioners are taking steps to ensure enhanced proof of timely mailing.

California’s Franchise Tax Board offers several options for penalty relief that can help taxpayers avoid unnecessary costs. This article highlights practical abatement options that can help CPAs reduce or eliminate penalties for California residents and nonresidents.

Inherited an IRA? New IRS final regulations issued July 18, 2024, end years of delays and require many beneficiaries to take required minimum distributions—or face a 25% penalty. Learn who’s affected and what to do.