Tax News - The Tax Adviser

May 4, 2026

COVID-19 disaster relief case has implications for timely refund claims

National Taxpayer Advocate Erin Collins explained what affected taxpayers need to do in response to the Court of Federal Claims’ holding that a taxpayer’s refund claim filing deadline was automatically extended by Sec. 7508A(d)(1) due to the COVID-19 disaster declaration.

April 28, 2026

IRS offers extension option for taxpayers facing ERC claim deadlines

Taxpayers meeting eligibility rules can now use Form 907 to preserve their right to challenge ERC disallowances while the IRS continues its review.

April 27, 2026

House panel backs repeal of BOI reporting by domestic companies

The House Financial Services Committee voted to remove domestic-owned companies from the beneficial ownership information reporting requirements of the Corporate Transparency Act.

April 24, 2026

IRS to update Form 990 amid transparency push for nonprofits

A Treasury release said the changes are intended to “strengthen tax administration” and provide clearer reporting on the activities of tax-exempt organizations. No timeline was announced.

April 17, 2026

IRS launches online tool to help taxpayers manage tax debt

Taxpayers can explore payment plans, collection delays, or compromise offers through a streamlined, privacy protected tool.

April 15, 2026

IRS flagged FATCA noncompliance but followed up with few exams, penalties

TIGTA found the IRS spent hundreds of millions on FATCA oversight while examining only a handful of high-value foreign account cases.

April 13, 2026

Uncredentialed tax preparer errors included fictitious deductions, review shows

A report from the Center for Taxpayer Rights comes as Congress considers giving the IRS more oversight of the industry.

April 13, 2026

IRS finalizes deduction rules for tips, adds 3 eligible jobs

The final IRS regulations expand the tips deduction to 71 occupations and clarify rules on qualified tips, digital payments, and automatic gratuities.

April 7, 2026

Expansion gives millions of entities access to business tax accounts

The IRS said Monday it is opening the online, self-service accounts to partnerships, Indian tribal governments, tax-exempt organizations, and federal, state, and local governments.

April 3, 2026

IRS tapped Inflation Reduction Act funds to cover 2025 filing season, watchdog says

TIGTA found the IRS spent $4.8 billion in Inflation Reduction Act funds, which were intended to supplement its annual appropriation, on labor and IT to keep the 2025 tax season on track.

March 25, 2026

IRS watchdog cites resource limits, duplication in partnership audits

The Treasury Inspector General for Tax Administration assessed a soft-letter initiative and the IRS’s examinations of 82 major U.S. partnerships.

March 20, 2026

AICPA seeks clarity on revamped paid family leave credit rules

The request came in an AICPA letter to Treasury and the IRS seeking guidance on how employers should implement changes to the paid family leave credit.

March 20, 2026

IRS provides guidance on business interest limitation elections

The guidance in Rev. Proc. 2026-17 is provided in response to H.R. 1’s amendments to Secs. 163(j) and 168(k).

March 18, 2026

Adequate identification relief extended through 2026

The relief allows taxpayers to use alternative methods to make adequate identification of digital asset units that are sold, disposed of, or transferred during the relief period.

March 16, 2026

AICPA pushes IRS to ease and expand first‑time abatement rules

The recommendations include allowing taxpayers to rely on substitute reasonable cause when appropriate, permitting them to reserve the automatic first-time abatement for future use.

March 9, 2026

IRS proposes regulations for Trump accounts, pilot program

Proposed regulations under Sec. 530A provide information on how to open initial Trump accounts, and proposed regulations under Sec. 6434 provide guidance on the program that provides $1,000 contributions to Trump accounts for eligible children.

March 6, 2026

IRS seeks to scrap basis‑shifting TOI reporting regulations

If proposed regulations become final, the withdrawal would let taxpayers treat the January 2025 transaction-of-interest regulations as having never taken effect.

March 6, 2026

IRS Dirty Dozen adds new capital gains scheme for 2026

The IRS says a surge in fabricated Form 2439 filings prompted the only new addition to this year’s Dirty Dozen, underscoring how quickly tax schemes evolve.

March 5, 2026