Episode 109 Weekly Tax Update for 01 16 2026

Описание: Weekly Tax Update — January 16, 2026 (Ep. 109) | 1040 Opening Date, EA Renewals, IRS Funding Bill, Bonus Depreciation, “Trump Accounts,” CTC SSN Rules, and More | Tax Practice Pro

In this week’s program, Tax Practice Pro faculty (John Sheeley is not the speaker) cut through the noise with the operational and policy changes you need as filing season opens. We cover IRS e-file dates for business and individual returns, urgent EA renewal timing, the House’s IRS appropriations bill (and what the allocation mix implies for service levels), fresh guidance on bonus depreciation (including retroactive 100% options), practical messaging around “Trump accounts” (Sec. 530 Cap-A) and the Dell-funded seed contribution, and tightening Child Tax Credit SSN requirements that drive new due-diligence workflows. We also hit ACA PTC status, a proposed fully refundable CTC variant, barcode mandates for paper returns, and realistic expectations on processing times.

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What you’ll learn

Go-live dates: Business e-file is up; 1040 intake begins Jan 26, 2026—plan transmissions and perfection windows accordingly.

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EA renewals (SSNs 4–6): Renewal due Jan 31 to avoid inactive status Mar 31; steer clients to ethics CE and confirm certificates.

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IRS funding picture: House bill sets $11.2B with roughly $5B enforcement / $3B taxpayer services / $3.2B ops support; watch Senate timing against the Jan 30 CR deadline and plan for potential service variability.

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Bonus depreciation (planning now): Treasury/IRS guidance enables retroactive 100% bonus with transitional relief; verify eligible property (incl. sound recordings) and model book–tax impacts.

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“Trump accounts” (Sec. 530 Cap-A): Office policy ideas to auto-elect seed funding (federal $1,000 for 2025–2028 births; $250 Dell donation for under-10s) and defer private contributions pending IRS guidance; include engagement-letter language and opt-out workflow.

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CTC due-diligence reality: 2025–2026 rules tighten: work-eligible SSNs for parents/children drive eligibility; expect extensions where SSNs are pending; remember the $635 due-diligence penalty exposure and standardize intake scripts.

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Also in this episode: barcode requirement proposal for paper returns; ACA PTC and competing health-credit designs; realistic POA/ID-theft timelines; free ethics/due-diligence livestream with polling for CE.

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Suggested chapters (add timestamps after upload)

00:00 Intro & outage notes

02:00 E-file dates (business, 1040 start)

04:30 EA renewal countdown & CE

06:15 IRS funding bill: what the split means

10:30 Bonus depreciation: retroactive options & industry angles

14:30 “Trump accounts”: default-to-yes office workflow

18:45 CTC SSN rules & due-diligence checklist

23:00 ACA/CTC proposals & planning flags

27:00 Barcode for paper & other ops notes

30:00 Processing expectations & client comms

Helpful links to add before publishing

EA Renewal (Form 8554) + ID.me help

IRS e-file dates / forms availability

IRS/Treasury bonus depreciation notice (transitional rules)

Practitioner handouts: Cap-A explainer + engagement-letter clauses

IRS Due-Diligence (Topic M) & free CE session registration

About this video
Published on the Tax Practice Pro YouTube channel. Presenter: Tax Practice Pro faculty (John Sheeley is not the speaker). Built for EAs, CPAs, and tax professionals who want practitioner-grade, implementation-ready guidance.

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Disclaimer
Educational content for tax professionals; not legal or tax advice. Policies and guidance evolve; verify current IRS/state materials before advising clients.

SEO keywords / tags
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