Tax News

In a lapsed appropriations contingency plan posted late Friday, the IRS announced that it would remain fully staffed from Jan. 31, 2026, through Feb. 7, 2026, of a federal government shutdown. The plan explained that Section 10301 of the Inflation Reduction Act, Pub. L. 117-169, provided supplemental appropriations available through Sept. 30, 2031, for all […]

We have received inquiries about a filing delay for the Feb. 2, 2026, deadline due to the winter weather many states have experienced this week and the winter weather anticipated for this weekend. FEMA has issued Emergency Declarations for Louisiana, Indiana, Arkansas, West Virginia, Tennessee, Kentucky, Maryland, North Carolina, Mississippi, Georgia, Virginia and South Carolina

https://www.irs.gov/newsroom/irs-issues-frequently-asked-questions-about-executive-order-14247-modernizing-payments-to-and-from-americas-bank-account

https://www.irs.gov/newsroom/treasury-irs-issue-faqs-to-address-the-new-deduction-for-qualified-overtime-compensation-under-the-one-big-beautiful-bill

https://www.irs.gov/newsroom/treasury-irs-provide-new-safe-harbor-explanations-for-retirement-plan-administrators

https://www.tn.gov/content/dam/tn/revenue/documents/notices/sales/sales26-01.pdf

https://www.irs.gov/newsroom/treasury-irs-issue-guidance-on-the-additional-first-year-depreciation-deduction-amended-as-part-of-the-one-big-beautiful-bill

https://www.irs.gov/newsroom/treasury-irs-issue-proposed-regulations-reflecting-changes-from-the-one-big-beautiful-bill-to-the-threshold-for-backup-withholding-on-certain-payments-made-through-third-parties

https://www.irs.gov/newsroom/irs-announces-first-day-of-2026-filing-season-online-tools-and-resources-help-with-tax-filing

https://www.irs.gov/newsroom/treasury-irs-provide-guidance-on-the-new-deduction-for-car-loan-interest-under-the-one-big-beautiful-bill