{"podcast":{"title":"Federal Tax Updates","slug":"federal-tax-updates-5954475","podcast_index_feed_id":5954475,"rss_url":"https://feeds.transistor.fm/federal-tax-updates","website_url":"https://federaltaxupdates.com","image_url":"https://img.transistorcdn.com/eP2n1-i2q4OclX-m7SCZURGTtGLTi_AI9Pc1KWL7eiE/rs:fill:0:0:1/w:1400/h:1400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzM2NDUzLzE2NzMw/Mjg5NzItYXJ0d29y/ay5qcGc.jpg","author":"Roger Harris, EA and Annie Schwab, CPA","episode_count":92,"summary":"CPAs, Enrolled Agents, and Tax Preparers can keep up-to-date with the latest federal tax information while earning NASBA approved CPE credits and IRS approved CE credits by listening to the bi-weekly Federal Tax Updates podcast. The hosts Roger Harris and Annie Schwab have over 75 years of tax experience between them, which has been featured in various media outlets including Wall Street Journal, USA Today, The Morning Business Report, Bloomberg Business News, and Accounting Today.","last_synced_at":"2026-09-15T04:20:40.895553+00:00","page_url":"https://stenobird.com/podcast/federal-tax-updates-5954475"},"episode":{"title":"The IRS Just Made First-Time Penalty Abatement Automatic","slug":"the-irs-just-made-first-time-penalty-abatement-automatic","published_at":"2026-08-10T14:00:00+00:00","page_url":"https://stenobird.com/podcast/federal-tax-updates-5954475/the-irs-just-made-first-time-penalty-abatement-automatic","show_page_url":"https://stenobird.com/podcast/federal-tax-updates-5954475","url":"https://share.transistor.fm/s/7541cc51","audio_url":"https://op3.dev/e/media.transistor.fm/7541cc51/cb66178e.mp3","summary":"Roger and Annie take a midyear look at how the IRS is holding up: call center struggles, a wave of CP2000, CP05, and CP14 notices, and the sudden departure of top Treasury tax official Ken Kies. They break down the new automatic penalty abatement replacing the old first-time abatement process, updates to Trump accounts, and a long list of OBBBA provisions kicking in for 2026, from the educator expense deduction to a higher 1099-K threshold. They close with practical tips for managing the fall extension crunch and a prediction on whether the TAS Act clears its Senate Finance Committee markup. Sponsors Padgett - Contact Padgett or Email Jeff Phillips Get NASBA Approved CPE or IRS Approved CE Launch the course on EarmarkCPE to get free CPE/CE for listening to this episode. Links mentioned in this episode Chapters (00:00) - Welcome and Catch Up (00:31) - Summer Tax Conference Circuit (04:06) - Why IRS Phones Struggle (06:22) - Digital Self Service Push (08:44) - Staffing Tech and Leadership Shift (12:34) - Tips and Overtime Reporting 2026 (14:39) - Refund Notices and Paper Checks (16:53) - Most Common IRS Notices (21:05) - Trump Accounts Guidance Update (24:03) - Kwong Case Status and Deadlines (27:00) - Fall Extension Survival (28:43) - Client Info Deadlines (31:13) - Systems and Automation (33:07) - Midyear Client Touchpoints (34:00) - Advisory in AI Era (35:21) - Automatic Penalty Relief (38:00) - AEP Tradeoffs Explained (42:36) - Key Changes for 2026 (45:59) - Business and Reporting Updates (48:50) - TAS Act Outlook (53:43) - Conference Plans and Farewell Follow the Federal Tax Updates Podcast on Social Media twitter.com/FedTaxPod facebook.com/FedTaxPod linkedin.com/showcase/fedtaxpod Connect with the Hosts on LinkedIn Roger Harris Annie Schwab Review Leave a review on…","meta_description":"Roger and Annie take a midyear look at how the IRS is holding up: call center struggles, a wave of CP2000, CP05, and CP14 notices, and the sudden departur…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3299,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/federal-tax-updates-5954475/episodes/the-irs-just-made-first-time-penalty-abatement-automatic/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/federal-tax-updates-5954475/the-irs-just-made-first-time-penalty-abatement-automatic.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}