IRS Releases Lapsed Appropriations Contingency Plan
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 […]
Winter Storm Fern Alert – Jan. 29, 2026
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 […]
IRS issues frequently asked questions about Executive Order 14247: Modernizing Payments To and From America’s Bank Account
https://www.irs.gov/newsroom/irs-issues-frequently-asked-questions-about-executive-order-14247-modernizing-payments-to-and-from-americas-bank-account
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-issue-faqs-to-address-the-new-deduction-for-qualified-overtime-compensation-under-the-one-big-beautiful-bill
Treasury, IRS provide new safe harbor explanations for retirement plan administrators
https://www.irs.gov/newsroom/treasury-irs-provide-new-safe-harbor-explanations-for-retirement-plan-administrators
Important Notice #26-01: End of Penny Production
https://www.tn.gov/content/dam/tn/revenue/documents/notices/sales/sales26-01.pdf
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-guidance-on-the-additional-first-year-depreciation-deduction-amended-as-part-of-the-one-big-beautiful-bill
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/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
IRS announces first day of 2026 filing season; online tools and resources help with tax filing
https://www.irs.gov/newsroom/irs-announces-first-day-of-2026-filing-season-online-tools-and-resources-help-with-tax-filing
Treasury, IRS provide guidance on the new deduction for car loan interest under the One, Big, Beautiful Bill
https://www.irs.gov/newsroom/treasury-irs-provide-guidance-on-the-new-deduction-for-car-loan-interest-under-the-one-big-beautiful-bill