accounting
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IRS Newswire April 27, 2026IRS announces new option for certain taxpayers to request more time after ERC claim disallowanceIRS Newswire April 27, 2026
IR-2026-58, April 27, 2026 WASHINGTON — The Internal Revenue Service today announced a new, streamlined way for taxpayers to extend the period of time for the IRS and the IRS Independent Office of Appeals to review a taxpayer’s response to a disallowance of an Employee Retention Credit (ERC) claim to avoid refund litigation. When an
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IRS GuideWire April 27, 2026
Notice 2026-27 specifies updated static mortality tables to be used for defined benefit pension plans under § 430(h)(3)(A) of the Code and section 303(h)(3)(A) of ERISA. This notice also specifies a mortality table for use in determining minimum present value under § 417(e)(3) of the Code and section 205(g)(3) of ERISA for distributions with annuity starting
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IRS updates frequently asked questions about section 127 educational assistance programs
R-2026-55, April 20, 2026 WASHINGTON – The Internal Revenue Service today updated frequently asked questions in Fact Sheet 2026-10 related to educational assistance programs. An employee’s gross income does not include educational assistance benefits if the benefits are provided under a section 127 educational assistance program and the amounts do not exceed $5,250. Under the One, Big, Beautiful
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IRS issues Whistleblower Alert, expands efforts to uncover fraud
R-2026-54, April 17, 2026 WASHINGTON — The Internal Revenue Service today issued a Whistleblower Alert highlighting an area of concern about misuse, diversion or fraudulent use of federal funds by tax-exempt organizations, individuals and businesses, and urged the public to provide information. “Whistleblower Alerts are a new way for the IRS to spotlight high-risk areas and reach people
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Arizona Transaction Privilege Tax Changes and News
Transaction Privilege Tax Changes and News April 2026 What’s New | Reporting Guide | Rates | Quick Reference ARIZONA CASH TRANSACTION ROUNDING LAW: GUIDANCE FOR BUSINESSESArizona businesses that do not use or have pennies available at the point of sale are now required to round cash transactions to the nearest 5 cents, following a new law signed by Governor Katie Hobbs.
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Actions taxpayers should take if they missed April filing and payment deadline
IRS Tax Tips April 16, 2026 Actions taxpayers should take if they missed April filing and payment deadline Taxpayers who missed the April 15 filing deadline should submit their federal tax return as soon as possible. Those who missed the deadline to file and owe taxes should file as soon as possible to avoid penalties
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IRS launches new online tool to help taxpayers resolve tax debt
IR-2026-53, April 16, 2026 WASHINGTON — The Internal Revenue Service today announced a new online tool to help taxpayers understand and resolve tax debt. The Tax Debt Help tool provides individuals and businesses with a simple, accessible way to explore payment options and identify next steps based on their situation. The tool is part of the IRS’s
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IRS Newswire April 13, 2026
IRS hosting free webinar to share last-minute tips for the filing season IR-2026-51, April 13, 2026 WASHINGTON — The Internal Revenue Service today announced it will be hosting a free 30-minute webinar for taxpayers and tax professionals to provide last-minute tips for filing season on Tuesday, April 14, at 1 p.m. Eastern time. The IRS