The IRS began its 2026 collections season with notices issued starting June 8. Practitioners should help clients resolve issues quickly using online tools. The IRS is also expanding scheduled, in-person “coordinated field activities” for certain cases.
In a letter to GASB, the PSC expressed support for the proposal to establish a single-authority GAAP Codification. The committee also endorsed retaining the current overall structure and emphasized the importance of robust transition resources.
The PSC supports GASB’s goal to improve infrastructure reporting but raised concerns about some proposed disclosures. They said clear explanations are needed and expressed that a 10‑year maintenance schedule would create an unnecessary burden.