Tax
AICPA finalizes independence rules for tax services to audit clients
PEEC approved revisions to the Tax Services interpretation of the ethics code, effective January 15, 2027.
Policy
Tax
Tax
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Tax · Corporate
IRS adds digital notices and EIN letters to Business Tax Account
The summer 2026 update lets business users download CP575 EIN verification and pay toward an offer in compromise.
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Tax · Corporate
Treasury finalizes rules making some charitable trust deals listed transactions
Final regulations require participants and material advisers to disclose certain CRAT and annuity arrangements.
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Tax · Individual
Tax Court denies above-the-line deduction for credit reporting legal fees
FCRA claims do not involve unlawful discrimination under section 62(a)(20), the Tax Court held in Eiler.
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Tax · Individual
IRS to grant penalty relief automatically to compliant taxpayers
The IRS will abate three common penalties without a request from taxpayers who have three clean years behind them.
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Tax · Corporate
IRS raises business mileage rate to 76 cents for the second half of 2026
The business standard mileage rate rises to 76 cents from 72.5 cents for travel on or after July 1.
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Tax · International
Court of Federal Claims strikes down a GILTI rule on disqualified basis
Judge Tapp held Treasury lacked authority under section 7805(a) to bar amortization deductions in the GILTI disqualified period.
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Tax · Individual
The Kwong refund claim window closed on July 10 with no refunds paid
The IRS opened an electronic Form 843 route on July 1, nine days before the protective claim deadline, and is appealing Kwong.
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Personal Finance
IRS removes a death benefit tax trap from life insurance policy swaps
Final rules undo a 2019 regulation that could have made a death benefit taxable after a routine 1035 exchange.
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Tax · Individual
IRS sets 2026 inflation factors for nuclear, hydrogen and clean fuel credits
Notice 2026-41 publishes the section 45U, 45V and 45Z inflation adjustment factors and applicable amounts for 2026.
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Personal Finance
Lawyers warn NYC second-home buyers could inherit a seller's pied-a-terre tax bill
The surcharge took effect July 1. The rules that say who owes it are still in draft.
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Personal Finance
World Cup bets may be taxed differently on prediction markets than at a sportsbook
Sportsbook losses face a new 90 percent deduction cap. Event contracts may sit outside it. The IRS has not ruled.
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Tax · International
IRS moves QDOT bond filings out of the estate tax return
Final regulations under section 2056A change where QDOT bonds and letters of credit must be filed.
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Tax · Individual
Caring for a dying parent does not toll a tax refund deadline
The Court of Federal Claims held section 6511(h) financial disability covers only the taxpayer's own impairment, not a relative's.
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Tax · Individual
IRS waives gift tax returns for most Trump account contributions
Rev. Proc. 2026-25 treats qualifying cash gifts to a section 530A account as present interests, removing the Form 709 duty.
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Tax · State & Local
New York's convenience rule survives a second Zelinsky challenge
An appellate court held that a pandemic office closure is not employer necessity, so remote pay stays New York source.
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Tax
The IRS has broken its own calendar five times. This is the smallest one yet.
Every mid-year mileage adjustment since 2005 has been smaller than the one before it. The 2026 change continues an unbroken decline.
Nothing filed under that subtopic yet.