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Agency Needs To Do Better Communicating Tech Advances – IRS Official
NEW YORK—The Internal Revenue Service needs to find ways to better communicate how it is handling technology modernization and transformation, including in areas such as the use of artificial intell...

IRS Issues Sample Retirement Plan Rollover Forms (Notice 2026-49; IR 2026-91)
The IRS issued guidance in the form of sample forms and proposed rollover procedures to simplify, standardize, and expedite the completion of direct rollovers to or from a retirement plan. The guidanc...

IRS and Treasury Intend to Regulate Saver’s Match Contributions (Notice 2026-48; IR 2026-89)
The IRS and Treasury have announced their intension to propose regulations relevant to Code Sec. 6433 and the SECURE 2.0 Act of 2022 (P.L. 117-328). For tax years beginning after December 31, 2026,�...

IRS Issues Guidance on Employer Credit for Paid Family and Medical Leave for Insurance Premiums (Notice 2026-28; IR 2026-86)
The Treasury Department and IRS have issued initial guidance on the employer credit under Code Sec. 45S for premiums paid on family and medical leave insurance as provided by the One Big Beautiful B...

IRS Updates FAQs on Overtime Compensation and More (FS-2026-13; IR 2026-88)
The IRS updated frequently asked questions (FAQs) for qualified overtime compensation. The FAQs update guidance on (1) the qualified overtime compensation deduction; (2) coverage and exemptions under ...

Fifth Circuit Again Rejects "Passive Investor" Rule for Code Sec. 1402(a)(13) Exception (K Alain, L.L.L.P., CA-5)
The Fifth Circuit Court of Appeals held that the original public meaning of "limited partner" in Code Sec. 1402(a)(13) is a partner who plays no significant role in managing or running a business....

Final Regulations Address Backup Withholding Rules for Third Party Network Transactions (TD 10053)
The IRS has issued final regulations that clarify when backup withholding applies to payments made in settlement of third party network transactions. The final rules reflect amendments to Code Secs. ...

Final Reg Permanently Ends BOI Reporting Requirement for U.S. Companies, U.S. Persons (FinCEN Final Rule RIN-1506-AB67)
The Financial Crimes Enforcement Network (FinCEN) has issued a final rule that permanently removes the requirement that U.S. companies and U.S. persons must report beneficial ownership information (BO...

How Do I? Get back start-up expenses in starting a business as quickly as possible
The American Jobs Creation Act of 2004 (2004 Jobs Act) changed the rules for start-up expenses in both favorable and unfavorable ways. Start-up expenditures are amounts that would have been deductible...

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