Tax Section news and member FAQ

September 18, 2026

• New proposed foreign source income rules
  The IRS has issued proposed regulations addressing how deductions are allocated and apportioned to foreign source income for foreign tax credit limitation purposes and the calculation of deduction-eligible income. For a broader look at recent international tax developments, download our H.R. 1 (OBBBA) International Tax Summary, which highlights key provisions and their potential implications for taxpayers and practitioners.

• Opportunity zones (OZ) — Explore new reporting proposals
  The IRS proposed new reporting requirements for qualified opportunity funds and qualified OZ businesses, including information return and investor reporting obligations. Stay current on these developments and explore related guidance, resources and insights.

• Car loan interest deduction guidance finalized
  The IRS issued final regulations on the deduction of up to $10,000 of qualified passenger vehicle loan interest and established new information reporting requirements for certain businesses that receive qualifying loan interest payments. Visit Key Insights and Takeaways: Specified Passenger Vehicle Loan Interest for a breakdown of the final rules, eligibility considerations and practical implications for taxpayers and practitioners.

• IRS new Sec. 45Z clean fuel credit guidance
  The IRS released new guidance (Notice 2026-53) on the Sec. 45Z clean fuel production credit, including emissions rates for fuels derived from animal manure and the treatment of certain regenerative agricultural practices. Visit the Environmental, Sustainability and Governance (ESG) Resource Center for the latest ESG tax developments, including an index of recent IRS guidance.

• Indiana disaster tax relief available
  The IRS announced tax relief for individuals and businesses in designated Indiana counties affected by severe storms, tornadoes and flooding that began Aug. 11, 2026. Affected taxpayers now have until Feb. 1, 2027, to file certain federal tax returns, make tax payments and complete other time-sensitive actions.

• IRS releases new Sec. 174 accounting method guidance
  The IRS issued Rev. Proc. 2026-32 detailing procedures for obtaining automatic consent to change accounting methods for research and experimental (R&E) expenditures under Sec. 174, including changes related to H.R. 1. The guidance is intended to help taxpayers comply with both prior and newly enacted R&E capitalization and deduction rules. Visit our summary of IRS released R&E expense guidance following H.R. 1 for other developments affecting taxpayers and practitioners.

September 11, 2026

• New Saver’s Match resource available
  Help clients prepare for the Saver’s Match with our new FAQs covering key provisions and planning opportunities. Also explore our IRS Notice 2026-49 rollover procedures resource for insights on proposed retirement plan and IRA rollover changes.

• More disaster-affected taxpayers receive filing relief
  The IRS has announced additional disaster tax relief for taxpayers affected by recent disasters in West Virginia, Nebraska and Washington. Eligible individuals and businesses in designated disaster areas now have until Feb. 1, 2027, to meet certain federal tax filing, payment and other tax-related deadlines.

• A risk framework for AI use in tax administration and preparation
  As AI adoption accelerates across the tax profession, understanding the risks is just as important as recognizing the opportunities. The Tax Adviser article explores a framework for evaluating and managing AI use in tax administration and preparation. For more insights, tools, and guidance, visit the AI Tax Resource Center.

• Remember to review BBA filing and pushout requirements before September 15
  The IRS reminded practitioners that partnerships receiving a Form 8986 may have a Sept. 15, 2026, deadline to pay or push out adjustments. Tax Section members were encouraged to access the BBA Partnership Audit and Adjustment Rules Framework and the BBA Partnership Audit and Adjustment Rules FAQs for practical guidance on navigating these requirements.

September 4, 2026

• Taxpayers can now access IRS Tax compliance report online
  The IRS has launched a digitally authenticated Tax compliance report that taxpayers can use to verify their tax compliance status for loans, jobs, government benefits and more. For additional insights on IRS procedural tools and digital services, explore our IRS Online Tools resource.

• Proposed regulations address FDDEI changes under H.R. 1 (OBBBA)
  Treasury and the IRS have released proposed regulations implementing H.R. 1 changes to the Sec. 250 deduction, including new rules for excluding certain gains from DEI. For a practical overview of these and other international tax developments, download our H.R. 1 International Tax Provisions Summary, which highlights key changes and related IRS guidance.

• September 2026 tip — Elevate client strategy for year-end
  September is the perfect time to begin proactive year-end planning discussions with clients. Reviewing income, major life changes and planning opportunities now can help uncover strategies before year-end deadlines approach. For more monthly planning insights and client-ready tips, explore the 2026 Tax and Financial Planner.

August 28, 2026

• Treasury proposes new Trump account investment rules
  Treasury issued proposed guidance that would limit Trump account investments to low-cost, diversified index funds designed to support long-term growth and reduce fees. For more on the proposed regulations and other Trump account insights, explore our member FAQs and resources.

• Updated FAQs on business interest expense deductions
  The IRS has refreshed its FAQs on the Sec. 163(j) limitation for business interest expense deductions. The revised guidance in FS-2026-14 provides updated clarification to help taxpayers and practitioners apply these rules correctly.

• New proposed rules for single-employer pension plans
  The IRS has issued proposed regulations that would modify rules in the existing regulations regarding the minimum funding requirement applicable to single-employer defined benefit pension plans. Comments and public hearing requests are due by October 19.

August 21, 2021

• IRS issues new retirement rollover guidance
  The IRS has issued guidance, including optional sample forms and procedures, to help simplify rollovers between retirement plans and IRAs under SECURE 2.0. The guidance is designed to streamline the process while reducing administrative burden for participants and plan sponsors.

• Final rule eliminates BOI reporting for U.S. entities
  A final rule eliminates beneficial ownership information (BOI) reporting requirements for U.S. entities, significantly reducing compliance obligations under the Corporate Transparency Act (CTA). Members can access our FAQs and client letter template, part of the BOI reporting resource library, for guidance on understanding the changes and communicating their impact to clients.

• IRS clarifies Trump account contribution limits
  The IRS has issued proposed regulations clarifying that the $2,500 annual limit on tax-free employer contributions to Trump accounts applies per employee, regardless of the number of children or employers involved. Members can view our FAQs for additional insights on the new rules and their practical implications.

• IRS issues regs. for Sec. 3406 backup withholding rules
  The IRS finalized regulations aligning Sec. 3406 backup withholding rules with the revised Form 1099-K reporting thresholds under H.R. 1 (OBBBA). Under the rules, third-party payment platforms generally are not subject to backup withholding unless payments exceed $20,000 and 200 transactions.

• Tax relief expanded for recent disaster victims
  The IRS has announced tax relief for taxpayers affected by several recent disasters, including Super Typhoon Bavi in the Northern Mariana Islands, severe storms and flooding in West Virginia and Tropical Storm Arthur in Mississippi. Affected individuals and businesses now have until Feb. 1, 2027, to meet certain tax filing and payment deadlines.

August 14, 2026

• IRS updates overtime deduction FAQs
  The IRS has updated its FAQs on the qualified overtime compensation deduction, adding important guidance on reporting requirements, withholding and eligibility rules. Practitioners should pay particular attention to the new Form W-2 and Form 1099 reporting requirements and clarifications that only FLSA-required overtime qualifies for the deduction. Explore additional insights with our questions and answers resource.

• IRS issues guidance on employer credit for paid family and medical leave
  Treasury and IRS issued guidance on the permanently expanded Paid Family and Medical Leave (PFML) tax credit, clarifying enhanced eligibility, expanded coverage options and new credit calculation rules for employers beginning in 2026. For more on this and other provisions, visit our H.R. 1 (OBBBA) guidance and resources index, which tracks released H.R. 1 guidance and related resources as they become available.

• IRS expands BTA features
  The IRS has expanded its Business Tax Account (BTA) with new self-service features, including additional digital notices, downloadable EIN verification notices (CP575), payment plan management and online Offer in Compromise payments. Visit our

  IRS Online Tools resource to learn more about BTA and other IRS digital tools.

August 7, 2026

• Stay current on taxes and tariffs
  Tariff refunds can affect tax and reporting obligations. Access the AICPA's

  three-part guide with CPA Canada, a client letter on the Consolidated Administration and Processing of Entries (CAPE) refund process and the tariff resource center for additional news, tools and resources.

• Senate Finance Committee advances tax bill backed by AICPA
  On July 30, the Senate Finance Committee approved the Taxpayer Assistance and Service (TAS) Act, which the AICPA said will improve tax administration and reduce burdens on both taxpayers and preparers. Read more.

• Review BBA filing and pushout requirements before September 15
  The IRS is reminding practitioners that partnerships receiving a Form 8986 may have a Sept. 15, 2026, deadline to pay or push out adjustments. Tax Section members can access the BBA Partnership Audit and Adjustment Rules Framework and the BBA Partnership Audit and Adjustment Rules FAQs for practical guidance on navigating these requirements.

July 31, 2026

• Penalty relief has changed: What you need to know about AEP
  The IRS Administrative Exception Program (AEP) has replaced First-Time Abatement (FTA) as the IRS's primary administrative penalty relief program. Learn how AEP works, who may qualify and what practitioners should know when seeking relief for clients. Be sure to also explore our member templates and tools to help streamline the penalty relief process.

• Protect client data with a WISP

  The IRS recently reminded tax practitioners that a Written Information Security Plan (WISP) is required to help safeguard taxpayer data, support Circular 230 compliance and reduce cybersecurity risks. Need help getting started? Tax Section members can access a customizable WISP template to help create or update their firm's information security plan.

• Condo casualty losses: Deductions for common-interest property

  When disaster affects a condominium or planned community, owners may pay for common-area repairs without qualifying for the casualty loss deduction they expect. This article explains when deductions are available and how ownership structures may create tax benefits. For additional guidance, visit our casualty loss FAQs for practical answers on such losses, disaster relief and related IRS resources.

July 24, 2026

• New Business Tax Account enhancements

  The IRS has expanded Business Tax Account (BTA) with new self-service features, including access to additional digital notices, online EIN verification notice downloads (CP575), and Offer in Compromise payment capabilities for eligible taxpayers. Explore details and index of various IRS online tools.

• North Carolina joins the conformity conversation

  North Carolina has updated its IRC conformity rules following H.R. 1, with new guidance affecting the treatment of domestic R&D expensing under Sec. 174A. The changes may impact both retroactive and prospective tax filings, making it important for practitioners to understand the state-specific adjustments.

• Check your deadlines: IRS grants disaster relief

  The IRS has announced tax relief for individuals and businesses affected by recent severe weather events in Mississippi, Wisconsin, Louisiana and Michigan. Eligible taxpayers now have until Nov. 2, 2026, to meet various federal tax filing and payment deadlines.

July 10, 2026

• Form 843 filing options

  The IRS has updated its Form 843, Claim for Refund and Request for Abatement, filing options to include electronic submission. Working on a Kwong v. United States (Kwong) claim? Visit our resource for a Form 843 filing checklist and additional guidance to help navigate the process before the July 10 deadline.

• Business Tax Account renewal reminder
  Designated Officials for S and C corporations using the IRS Business Tax Account must revalidate their status between June 15 and July 29 to maintain access. Annual renewal is quick and easy — simply sign in to the Business Tax Account to renew.

• Cut through the tax noise with insights from both sides of the story

  Join April Walker, former IRS Communications Chief Terry Lemons and Forbes’ Kelly Phillips Erb (Taxgirl) on this latest Tax Section Odyssey podcast episode as they discuss IRS complexity, media coverage, tax misinformation, AI’s impact and why practitioners remain trusted guides in today’s fast-moving information environment.

• July tax advisory tip — Prepare. Protect. Prevail. Get disaster ready

  Encourage your clients to assess their current real and personal property insurance policies and make necessary adjustments to protect their assets in the event of a disaster including review of real estate and personal property insurance policies. Find more tips each month in the 2026 Tax and Financial Planner.

July 3, 2026

• Kwong alert: Checklist added as deadline nears
  Don’t miss the July 10 deadline tied to Kwong v. United States (Kwong). The updated FAQ resource now feature a new, easy-to-use checklist at the top to help you quickly determine next steps for your clients. Review the latest guidance and take action now to ensure you’re addressing potential refund and penalty considerations.

• Revenue Procedure 2026-25 clarifies gift tax treatment for Trump accounts

  New “Trump accounts” (Sec. 530A) launch July 4, offering eligible children a $1,000 federal deposit and a new savings opportunity. The AICPA encourages families to understand the rules before contributing. The IRS has issued Revenue Procedure 2026-25, which provides a safe harbor for certain Trump account contributions, allowing them to qualify for the annual gift tax exclusion without the need to file a gift tax return. Explore our

  FAQs for key considerations, 529 plan comparisons and practical guidance.

• NTA mid-year report: Strong filing season for online taxpayers, weaker for others

  The IRS delivered a largely successful 2026 filing season, processing millions of returns and issuing most refunds without delay, according to a report released by National Taxpayer Advocate (NTA) Erin Collins. However, the report notes that taxpayers needing direct assistance encountered long waits, service challenges and confusion. Read more.

• IRS outlines responsible AI use for tax practitioners

  The IRS Office of Professional Responsibility (OPR) released introductory guidance on how Circular 230 applies to tax practitioners’ use of artificial intelligence (AI). Practitioners remain responsible for accuracy, due diligence and confidentiality, including reviewing AI-generated output, protecting client data and using appropriate firm controls. Read more.

June 26, 2026

• WISP reminder: Protect your clients — and your practice

  The IRS is reminding tax professionals that a Written Information Security Plan (WISP) is required by law and essential for protecting sensitive client data. A strong WISP helps firms identify risks, implement safeguards and stay prepared for potential security incidents. Get started or strengthen your plan — download our WISP template designed specifically for tax professionals.

• Treasury and the IRS signal upcoming QOZ regulations

  Treasury and the IRS announced in Notice 2026-40 the plan to issue proposed regulations on qualified opportunity zones (QOZ) under H.R. 1 (OBBBA) changes, along with transitional guidance for investments made under prior law. The forthcoming regulations are expected to reflect rules outlined in the notice and provide additional clarity on how the updated QOZ framework will be implemented.

• Disaster Relief Resource Center for tax practitioners

  With disaster season underway, the IRS urges proactive planning — secure important documents, create backups and be ready to access tax relief if needed. Explore the IRS guidance and visit our Disaster Relief Resource Center for more tools and timely updates.

June 19, 2026

• Seven CPAs recognized at AICPA ENGAGE 2026

  The AICPA honored seven CPAs at ENGAGE 2026 in Las Vegas, recognizing excellence in specialty areas, volunteer service and contributions to the profession. Awards included Standing Ovation honors in personal financial planning and technology advisory, along with a new Technology Advisory Volunteer of the Year recognition.

• IRS to merge tax practitioner offices despite AICPA opposition

  The IRS will merge the Return Preparer Office (RPO) and Office of Professional Responsibility (OPR) into the Tax Professional Management Office to streamline operations, despite AICPA concerns. The AICPA warned the change could cause confusion and create risks by combining oversight roles. The IRS said the offices will remain distinct in function and that oversight and professional distinctions will not change.

• IRS online access rules: Age matters

  Taxpayers must be 18+ to create an IRS online account, as ID.me cannot verify individuals under 18. Minors must use alternative methods (e.g., paper or a parent/guardian); for more answers to frequently asked questions on IRS tools and handy links, visit our IRS online tools glossary.

• State tax update: H.R. 1 conformity updates for New York and Indiana

  States continue to diverge on H.R. 1 conformity. New York decouples from Secs. 174A and 168(n), while

  Indiana selectively conforms but remains decoupled from provisions including Secs. 163(j), 168(k), 168(n) and federal R&E rules.

June 12, 2026

• Disaster tax relief for Hawaii and Georgia: August 20 deadline to know

  Disaster tax relief latest developments: Hawaii disaster tax relief deadlines have been extended to August 20 (previously July 8), giving affected taxpayers additional time to file and pay federal taxes following severe storms. In addition, taxpayers impacted by wildfires in parts of Georgia also have until August 20, to meet federal filing and payment obligations, aligning relief timelines across both states.

• Sec. 892 proposed rules offer certainty for foreign government investments

  Treasury and the IRS issued proposed Sec. 892 regulations clarifying applicability dates for foreign government investors, including sovereign wealth funds. The guidance provides grandfathering and a transition period, offering greater certainty and flexibility.

• Digital-first IRS tools: ID.me access for Trump account elections

  The IRS now allows taxpayers to view and submit Trump account elections through their IRS online account. After verifying their identity through ID.me, users can securely track the status of Form 4547, Trump Account Election(s), and submit elections electronically — helping streamline processing and improve accuracy. Explore our glossary for more details on ID.me, IRS online accounts and related tools.

• State and Local Tax (SALT) updates: Conformity changes and PTET extension
  Recent state developments include Connecticut decoupling from select H.R. 1 provisions, Hawaii updating IRC conformity and adding a 13% top rate, and Minnesota extending its passthrough entity tax (PTET) election. Stay current via the SALT Roadmap.

June 5, 2026

• New insights on tariffs and refund considerations

  Stay ahead of evolving tariff developments. The Tax implications of tariffs resource has been updated to include the latest insights on tariff refund considerations — helping you understand how potential recoveries may impact taxable income, cost of goods sold and overall planning. With refund rules still developing, this is a must-read to help you navigate the tax implications with confidence.

• This week's listen — Beyond the script: Improv for advisory confidence

  Keep your finger on the pulse of the dynamic and evolving tax landscape with insights from tax thought leaders with the Tax Section Odyssey podcast. In this episode, April Walker and Jennifer Dymond discuss how improv techniques can help tax practitioners enhance client communication and build advisory confidence.

• June 2026 tax advisory tip — Half-year review

  Compare clients’ year-to-date spending against their annual budget and discuss whether they’re on track or need adjustments. There’s still time to course-correct before year-end. Explore more tips, key dates and planning insights in the 2026 Tax and Financial Planner.

• AICPA small firm generative AI policy template

  Help your firm adopt AI with confidence. This customizable policy template is designed specifically for small firms — giving you a practical starting point to manage risks, set expectations and guide responsible AI use.

May 29, 2026

• Trump account elections now available online

  Taxpayers can now submit a Trump account election through their IRS online account — alongside

  Trumpaccounts.gov — and track their election status online. Pilot contribution deposits are expected to begin no earlier than July 4, 2026, with additional IRS notices forthcoming. Find out answers to commonly asked questions, key information and insights.

• Revised 1099‑MISC and 1099‑NEC now available

  The IRS has released Form 1099‑MISC, , and draft Form 1099‑NEC, , on IRS.gov, including new fields for qualified overtime, qualified tips and a tipped occupation code. Draft instructions for forms 1099-MISC and 1099-NEC have also been released. Check out our FAQs for more insights.

• Pillar Two in focus: New GloBE filing and safe harbour guidance
  Organization for Economic Development’s (OECD) jurisdictions implementing the Global Minimum Tax from 2024 have introduced a common approach for centralized GloBE Information Return filings, along with updates to the central record and guidance on the Transitional UTPR Safe Harbour. Visit the AICPA’s OECD BEPS 2.0 — Pillar One and Pillar Two Resource Center for more tools and the latest updates.

• Protecting COVID‑era refunds: Key update from the NTA

  In her third blog, the National Taxpayer Advocate (NTA) highlights urgent steps to preserve potential COVID-era refunds — most taxpayers must act by July 10, 2026, and may need to file protective claims to safeguard their rights. Visit the AICPA’s Kwong v. United States Resource Center for more news, tools and insights.

• State tax update: Georgia lowers corporate tax rate, plans further reductions

  Georgia has enacted further corporate tax rate reductions under H.B. 463, signed May 11, 2026. Effective for tax years beginning on or after Jan. 1, 2026, the rate decreases from 5.19% to 4.99%, with additional annual reductions of 0.125% starting in 2027 — subject to certain conditions — until reaching 3.99%. This follows rate cuts enacted in 2024 and 2025.

May 22, 2026

• Your questions on tariffs — answered

  Looking for clear guidance on international tariffs? Our tariff FAQs have been recently updated and continue to serve as a go to resource for timely answers and practical insights for tax practitioners.

• A practical template for your GLBA WISP
  Our Gramm‑Leach‑Bliley Act (GLBA) Written Information Security Plan (WISP) template has been updated to ensure continued clarity and accuracy. Use this customizable template to help document your firm’s information security program and support compliance.

• State tax update: Arkansas tax rates reduce

  Governor Sarah Huckabee Sanders has signed legislation lowering the state’s top individual and corporate income tax rates. The top individual rate is now 3.7%, with a two‑tier structure applying for income above $94,700. Beginning with tax years starting on or after Jan. 1, 2027, the top corporate income tax rate drops to 4.1% (from 4.3%), with the same rate structure applied to both domestic and foreign corporations.

May 15, 2026

• Stay updated: Kwong v. United States

  Kwong v. United States (Kwong) is a court case every tax practitioner should be watching. Head to the new

  AICPA Resource Center for updates and find FAQs and tools including a client alert email template to help you navigate what’s next.

• A new IDES access solution for foreign filers
  The IRS is creating a new Foreign Filer Transmitter Control Code Registration System to help certain filers submit information returns through the International Data Exchange System (IDES). This addresses access issues caused by the new Information Returns Intake System (IRIS) system's stricter authentication requirements. Additional guidance on eligibility and implementation will be released soon.

• State tax update: Kentucky R&D expense clarification

  Kentucky's H.B. 869 was signed on April 27, 2026, and modifies H.B. 757, which had decoupled the state from H.R. 1 provisions on domestic research and development (R&D) expense treatment under Sec. 174A. The new law clarifies that for tax years beginning on or after Jan. 1, 2026, Kentucky taxpayers must add back R&D deductions claimed under Sec. 174A but may subtract amortization calculated under Sec. 174 as it existed on Dec. 31, 2024.

May 8, 2026

• Tax Section Odyssey podcast: A timely look at Kwong

  In this episode of the Tax Section Odyssey podcast, April Walker and Michael Waalkes unpack Kwong

  and why it has quickly become a post–filing season priority for CPA firms. Tune in for practical insights on how Sec. 7508A’s COVID relief period may affect deadlines, refund claims and risk management — and what firms should be doing right now.

• Received a CP53E notice? What to know

  As the IRS continues modernizing its payment process, some taxpayers may receive a CP53E notice requesting banking information. Explore an overview of these notices and key practical tips.

• IRS announces streamlined extension option for disallowed ERC claims

  The IRS has announced a streamlined way for certain taxpayers to extend the time to resolve a disallowed employee retention credit (ERC) claim and avoid refund litigation. Visit our FAQs to learn how the two‑year deadline works, who qualifies for the CP320B/Form 907 process and what steps may be needed to preserve an ERC dispute.

May 1, 2026

• CAPE tariff refund portal — What CPAs and firms need to know + client letter

  Following the Supreme Court’s February 2026 ruling, U.S. Customs and Border Protection (CBP) has launched a new International Emergency Economic Powers Act (IEEPA) tariff refund process through its Consolidated Administration and Processing of Entries (CAPE) system. Learn key steps CPAs should consider and download a client‑ready letter explaining CAPE filing requirements starting April 20, 2026. Bookmark the Tariff Resource Center for the latest news, guidance and tools.

• Taxpayer Advocacy Panel issues 2025 Annual Report

  On April 24, the Taxpayer Advocacy Panel released its 2025 Annual Report highlighting accomplishments and ongoing efforts to strengthen the IRS delivery, improve communications with taxpayers, reduce taxpayer burden and support continued modernization of tax administration.

• State tax update: What’s changing in Kentucky, Oregon and Maine

  Several states are decoupling from selected H.R. 1 provisions beginning in 2026, including bonus depreciation and R&D expensing, with Kentucky and Oregon making targeted conformity changes. Maine will also impose a new 2% surcharge on high income individuals, while state level adoption of H.R. 1’s R&D expensing rules will be phased in through 2030.

April 24, 2026

• IRS issues Whistleblower Alert, expands efforts to uncover fraud

  The IRS issued a Whistleblower Alert warning of potential misuse, diversion, or fraudulent use of federal funds by tax‑exempt organizations, individuals, and businesses, and is encouraging the public to report credible information. The alert highlights this as a high‑risk compliance area and aims to help the IRS identify and address possible fraud involving federal funds and grants.

• Latest disaster tax relief guidance for Hawaii, Mississippi and Tennessee

  Stay current on disaster‑related tax relief with our updated Disaster Tax Relief FAQs and Latest Developments page, now featuring new IRS alerts for Hawaii, Mississippi and Tennessee. Tax Section members can use this page to quickly track filing extensions, penalty relief and other time‑sensitive guidance for affected and non‑affected taxpayers.

• State tax update: Maryland decoupling and West Virginia rate update

  Maryland has enacted key depreciation changes starting after Dec. 31, 2025, including decoupling from Sec. 168(n) qualified production property depreciation and limiting Sec. 168(k) bonus depreciation for certain manufacturers. Meanwhile, West Virginia’s individual income tax rates for tax years beginning on or after Jan. 1, 2026, now range from 2.11% to 4.58%.

April 17, 2026

• Final Treasury/IRS regulations address tip income

  The IRS has released final regulations implementing H.R. 1 “no tax on tips,” defining eligible occupations and clarifying what qualifies as deductible tips. The final rules expand and refine the list of tipped occupations and provide more detail on tip treatment and reporting, following extensive public comment. Access in‑depth insights with answers to common questions and side‑by‑side comparisons of the final and proposed regulations.

• New IRS guidance sets path for 2027 Qualified Opportunity Zones (QOZs)

  On April 7, 2026, the IRS issued Rev. Proc. 2026-12, which outlines the process for nominating new QOZs for the next designation cycle. It identifies eligible population census tracts, including those that are entirely rural, that may be nominated by the chief executive officers of each state, the District of Columbia and U.S. territories. Census tracts nominated under this process, once approved, will be designated as QOZs beginning in 2027. Explore key insights.

• IRS Business Tax Account update

  On April 6, 2026, the IRS expanded its Business Tax Account (BTA) to include partnerships, government entities and tax-exempt organizations, broadening secure, self-service digital access beyond sole proprietors and corporations. Check out related guidance and quick links to additional IRS online tools resources for more information and practice insights.

• State tax update: IRC conformity developments in Georgia and New Mexico

  Georgia's H.B. 1199, enacted March 20, 2026, updates IRC conformity through Jan. 1, 2026, while continuing to decouple from bonus depreciation, select Tax Cuts and Jobs Act (TCJA) provisions and parts of H.R. 1. By contrast, New Mexico’s rolling conformity will adopt key H.R. 1 provisions, though S.B. 151 decouples certain federal rules and requires full Net Controlled Foreign Corporation Tested Income (NCTI) inclusion beginning Jan. 1, 2027.

• IRS announces tax filing extension for DHS employees

  Treasury and the IRS announced tax filing relief for Department of Homeland Security (DHS) personnel affected by the ongoing shutdown, citing the financial and administrative burdens placed on employees who continue to work without pay. Impacted DHS personnel will receive an automatic 30‑day filing extension — moving the deadline to May 15, 2026 — with penalty and interest relief included.

April 10, 2026

• State‑triggered federal tax disaster relief: Flyer & governor letter template

  Enacted July 24, 2025, the Filing Relief for Natural Disasters Act allows governors to request discretionary federal tax filing and payment relief for state‑declared disasters, separate from automatic presidential relief. Download a flyer for an overview of the two‑step state‑trigger process and access a governor letter template

  to request federal tax filing and payment relief under Sec. 7508A(c).

• 4 million children have been signed up for Trump Accounts with 1 million claiming the $1,000 pilot program contribution

  On March 31, 2026, the IRS announced that more than 4 million children have been enrolled in tax‑favored Trump Accounts, including over 1 million covered by elections for the $1,000 pilot program contribution. Eligibility for the $1,000 contribution is based on the child’s date of birth.

• State tax update: Utah rate reduction and permanent PTET election

  S.B. 60, signed March 23, 2026, retroactively lowers Utah’s corporate and individual income tax rates from 4.50% to 4.45% for tax years beginning on or after Jan. 1, 2026. H.B. 77, also signed March 23, 2026, permanently extends Utah’s PTET election for tax years beginning on or after Jan. 1, 2022. Explore all state pages in the SALT Roadmap.

April 3, 2026

• State tax update: Indiana and H.R. 1 conformity

  Indiana generally follows static conformity to the IRC as of Jan. 1, 2023, but has selectively conformed to three H.R. 1 provisions — the adoption tax credit, certain energy property recovery periods and the telehealth safe harbor — through July 4, 2025. The state does not conform to the remaining H.R. 1 provisions for 2026, requiring return adjustments. Explore all state pages in the SALT Roadmap.

• IRS watchdog cites resource limits, duplication in partnership audits

  Limited resources and a duplicative review process contributed to IRS problems with auditing large partnerships, a government watchdog said in a review issued earlier this month. Read more.

March 27, 2026

• State tax update: Ohio updates IRC conformity date

  Ohio updated its IRC conformity date to March 5, 2026, incorporating federal tax law changes enacted through that date, including H.R. 1. For tax years ending between March 7, 2025, and March 5, 2026, taxpayers may irrevocably choose which federal provisions apply, though some Ohio-specific adjustments may be required. Explore all state pages in the SALT Roadmap.

• Before mailing — New USPS postmark changes: FAQs + client alert

  Effective Dec. 24, 2025, the USPS clarified that a postmark generally reflects when mail is first processed — not when it’s dropped off or accepted — creating potential risks for time‑sensitive tax filings. Access new FAQs explaining what changed, why it matters and steps to help reduce late‑filing risk. A downloadable client alert is also available to share with clients.

• No bank account on file? IRS Notice CP53E

  Following a March 25, 2025, executive order to phase out paper checks by Sept. 30, 2025, the IRS announced

  the end of paper refund checks beginning that date and later issued FAQs in January 2026 to explain the transition to electronic payments. Now’s the time to flag for clients that the IRS will issue

  Notice CP53E to taxpayers who do not have a bank account on file, outlining next steps for receiving funds. Check out our FAQs for more information.

• Tax extension client communications

  During the height of busy season, now’s the time to think strategically about which clients may be good candidates for an extension. Sending an extension reminder letter can help start that conversation early and keep expectations clear. You can also share the Tax Extension FAQ for Clients to support those discussions and address common questions and misconceptions up front.

• The electronic payments toolkit: Help clients transition smoothly

  The IRS has released Fact Sheet 2026‑02 outlining the shift to electronic payments under the March 2025 Executive Order (EO), which ends most paper checks — including tax refunds — by Sept. 30, 2025, and encourages electronic payments whenever practical. To help practitioners guide clients through this transition, we’ve assembled client‑ready resources including a Direct Pay visual step‑through, a downloadable electronic‑payment guide, a client alert and FAQs. Access the AICPA’s IRS Practice & Procedures library for more guidance, tools and timely updates to support your practice and your clients.

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