The IRS released Revenue Procedure 2026-15, which provides the inflation-adjusted luxury automobile depreciation limits under Internal Revenue Code (Code) Section 280F for passenger vehicles, including trucks and vans, placed...more
3/11/2026
/ Bonus Depreciation ,
Disregarded Entities ,
Income Taxes ,
Internal Revenue Code (IRC) ,
International Tax Issues ,
IRS ,
Leases ,
New Guidance ,
Partnerships ,
Private Letter Rulings ,
Reporting Requirements ,
Tax Court ,
Tax Deductions
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for February 17, 2026 – February 27, 2026....more
3/4/2026
/ Alternative Minimum Tax ,
Bonus Depreciation ,
Corporate Taxes ,
Foreign Currency ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
One Big Beautiful Bill Act ,
Proposed Regulation ,
Required Minimum Distributions ,
Revenue Rulings ,
Tax Rates ,
Tax Reform
The IRS issued Revenue Procedure 2026-13, providing discount factors for insurance companies to compute Section 846 discounted unpaid losses and recoverable Section 832 discounted estimated salvage for the 2025 accident year....more
2/24/2026
/ Disclosure Requirements ,
Energy Policy ,
Energy Storage ,
Energy Tax Incentives ,
Income Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Penalties ,
Revenue Rulings ,
Tax Credits ,
Tax Rates ,
Tax Returns ,
U.S. Treasury
Effective December 24, 2025, the United States Postal Service (USPS) adopted final rules that revise how postmarks are defined and treated. These changes have important implications for taxpayers who plan to mail their tax...more
2/13/2026
/ Filing Deadlines ,
Final Rules ,
Government Agencies ,
Internal Revenue Code (IRC) ,
IRS ,
Mail ,
New Regulations ,
Regulatory Requirements ,
Rulemaking Process ,
Service by Mail ,
Statutory Interpretation ,
Tax Returns ,
USPS
The IRS released Notice 2026-9, which provides a one-year extension to make certain amendments to individual retirement arrangements (IRAs), simplified employee pension arrangements, and savings incentive match plan for...more
2/11/2026
/ Arbitration ,
Executive Orders ,
Government Shutdown ,
Individual Retirement Account (IRA) ,
Inflation Reduction Act (IRA) ,
Internal Revenue Code (IRC) ,
IRS ,
One Big Beautiful Bill Act ,
Proposed Regulation ,
Proposed Rules ,
Tax Court ,
Tax Credits ,
Tax Treaty ,
U.S. Treasury
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for January 13, 2026 – January 20, 2026....more
2/4/2026
/ Interest Rates ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
One Big Beautiful Bill Act ,
Qualified Opportunity Funds ,
Required Minimum Distributions ,
Retirement Plan ,
Revenue Procedures ,
Revenue Rulings ,
Safe Harbors ,
Tax Deductions ,
Tax Exempt Entities ,
Tax Incentives ,
Tax-Exempt Bonds
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for December 12, 2025 – January 12, 2026....more
1/14/2026
/ Final Rules ,
Foreign Entities ,
Foreign Governments ,
Income Taxes ,
Internal Revenue Code (IRC) ,
International Tax Issues ,
IRS ,
New Regulations ,
Notice of Proposed Rulemaking (NOPR) ,
One Big Beautiful Bill Act ,
Passive Foreign Investment Company ,
Private Letter Rulings ,
Proposed Regulation ,
Revenue Procedures ,
Revenue Rulings ,
Tax Rates ,
U.S. Treasury ,
Voluntary Disclosure ,
Withholding Tax
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for December 15, 2025 – December 22, 2025....more
1/7/2026
/ Carbon Capture and Sequestration ,
Employee Benefits ,
Environmental Protection Agency (EPA) ,
Greenhouse Gas Emissions ,
Income Taxes ,
Interest Rates ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Penalties ,
Reporting Requirements ,
Retirement Plan ,
Tax Credits ,
Tax Penalties ,
Tax Planning ,
Tax Refunds
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for November 25, 2025 – December 10, 2025....more
12/17/2025
/ Comment Period ,
Energy Projects ,
GILTI tax ,
Individual Retirement Account (IRA) ,
Internal Revenue Code (IRC) ,
International Tax Issues ,
Investment Tax Credits ,
IRS ,
New Guidance ,
New Legislation ,
One Big Beautiful Bill Act ,
Proposed Rules ,
Tax Credits ,
Tax Incentives ,
Tax Reform
Taxpayers who paid the stock repurchase excise tax based on prior guidance provided in Notice 2023-2 and the proposed regulations under Internal Revenue Code (IRC) § 4501 may be entitled to a refund based on changes made in...more
12/15/2025
/ Business Taxes ,
Excise Tax ,
Filing Requirements ,
Final Rules ,
Internal Revenue Code (IRC) ,
IRS ,
New Regulations ,
Preferred Shares ,
Preferred Stock Financing ,
Reorganizations ,
Share Buybacks ,
Statute of Limitations ,
Stock Repurchases ,
Stocks ,
Tax Refunds ,
Tax Returns ,
U.S. Treasury
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for November 7, 2025 – November 24, 2025. The IRS released Internal Revenue Bulletin No. 2025-46, which includes proposed...more
12/3/2025
/ Cost-of-Living Adjustment (COLA) ,
Digital Assets ,
Interest Rates ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Notice Requirements ,
Proposed Regulation ,
Proposed Rules ,
Qualified Retirement Plans ,
Retirement Plan ,
Revenue Procedures ,
Revenue Rulings ,
Safe Harbors ,
Tax Court ,
Trusts
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for October 23, 2025 – November 6, 2025. ...more
11/10/2025
/ 1099s ,
American Rescue Plan Act of 2021 ,
Health Insurance ,
Healthcare ,
Insurance Regulations ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
One Big Beautiful Bill Act ,
Patient-Centered Outcomes Research Trust ,
Penalties ,
Reporting Requirements ,
Tax Preparers ,
Tax Returns ,
Third Party Payments
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for October 7, 2025 – October 23, 2025. October 7, 2025: The IRS issued Notice 2025-55, providing guidance on relief from...more
10/29/2025
/ Employee Retention ,
Excise Tax ,
Filing Requirements ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
One Big Beautiful Bill Act ,
Penalties ,
Proposed Rules ,
Reporting Requirements ,
Revenue Procedures ,
Revenue Rulings ,
Tax Credits ,
Tax Returns
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for September 19, 2025 – October 1, 2025. September 19, 2025: The US Department of the Treasury (Treasury) and the IRS...more
10/9/2025
/ Alternative Minimum Tax ,
Corporate Taxes ,
Final Rules ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
One Big Beautiful Bill Act ,
Private Letter Rulings ,
Proposed Regulation ,
Revenue Procedures ,
Tax Court ,
Tipped Employees ,
U.S. Treasury
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for August 28, 2025 – September 15, 2025. August 28, 2025: The IRS issued Revenue Procedure 2025-28, providing guidance on...more
9/19/2025
/ Appeals ,
Clean Energy ,
Employee Benefits ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
One Big Beautiful Bill Act ,
Private Letter Rulings ,
Research and Development ,
Revenue Procedures ,
Tax Court ,
Tax Credits ,
Tax Planning
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for August 12, 2025 – August 20, 2025. August 15, 2025: The IRS issued Notice 2025-42, providing guidance consistent with...more
8/28/2025
/ AFR ,
Energy Tax Incentives ,
Executive Orders ,
Interest Rates ,
Internal Revenue Code (IRC) ,
International Tax Issues ,
IRS ,
Low Income Housing ,
New Guidance ,
One Big Beautiful Bill Act ,
Proposed Regulation ,
Renewable Energy ,
Solar Energy ,
Tax Credits ,
Wind Power
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for July 12, 2025 – July 29, 2025. July 15, 2025: The IRS issued Revenue Ruling 2025-14, providing prescribed rates for...more
8/18/2025
/ Affordable Care Act ,
Alternative Minimum Tax ,
Audits ,
Corporate Taxes ,
Defined Benefit Plans ,
Federal Taxes ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
Proposed Regulation ,
Reporting Requirements ,
Retirement Plan ,
Revenue Procedures ,
Revenue Rulings ,
Securities ,
Tax Credits ,
Tax Incentives ,
U.S. Treasury
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for June 18, 2025 – July 11, 2025.
“One Big Beautiful Bill Act” tax provisions -
On July 4, 2025, US President Donald...more
7/16/2025
/ Employee Retention ,
FinCEN ,
Internal Revenue Code (IRC) ,
IRS ,
Legislative Agendas ,
New Legislation ,
Opportunity Zones ,
Penalties ,
Regulatory Agenda ,
Regulatory Requirements ,
Reporting Requirements ,
Tax Credits ,
Tax Exemptions ,
Tax Reform
June 16, 2025: Billy Long was sworn in as the 51st IRS Commissioner after having been confirmed by the US Senate on June 12. Long served as a US Representative for Missouri’s 7th congressional district from 2011 to 2023. His...more
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for May 15, 2025 – June 2, 2025....more
6/6/2025
/ Alternative Minimum Tax ,
Corporate Taxes ,
Filing Deadlines ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
New Legislation ,
Proposed Regulation ,
Revenue Procedures ,
Revenue Rulings ,
Tax Court ,
Tax Rates
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for May 2, 2025 – May 13, 2025.
IRS GUIDANCE -
May 2, 2025: The IRS issued Revenue Procedure 2025-20, providing...more
5/20/2025
/ Executive Orders ,
Income Taxes ,
Interest Rates ,
Internal Revenue Code (IRC) ,
IRS ,
New Guidance ,
New Legislation ,
Proposed Legislation ,
Revenue Procedures ,
Revenue Rulings ,
Tax Credits ,
Tax Rates ,
Tax Reform
The IRS issued Notice 2025-19, inviting the public to submit recommendations for items to include in the IRS’s 2025-2026 Priority Guidance Plan. The IRS uses the Priority Guidance Plan to identify and prioritize the tax...more
5/1/2025
/ Digital Assets ,
Disclosure Requirements ,
Executive Orders ,
Filing Requirements ,
Government Agencies ,
IRS ,
New Guidance ,
Regulatory Reform ,
Reporting Requirements ,
Rulemaking Process ,
Small Business ,
Taxation
Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for March 15, 2025 – March 28, 2025.
IRS GUIDANCE -
March 17, 2025: The IRS issued Revenue Ruling 2025-8, providing...more
The US Court of Appeals for the Federal Circuit upheld a US Court of Federal Claims ruling that Hatch-Waxman Act litigation expenses are ordinary and necessary business expenses under § 162(a) of the Internal Revenue Code,...more