The IRS Desk · Updated Regularly
Welcome to the IRS Newsroom.
Every IRS update, enforcement action, program rollout, and policy change that matters to tax professionals. Straight from the source, translated for the people doing the work.
First Time Abate Is Being Retired: IRS Rolls Out Automatic Exemption from Penalty for Compliant Filers
The IRS announced on July 8, 2026, that it will replace First Time Abate with a new Automatic Exemption from Penalty (AEP)...
CRAT + SPIA Shelter Is Officially Dead: Final Regs Name It a Listed Transaction, Disclosure and Penalties Attach
Treasury and the IRS issued final regulations on July 8, 2026, formally identifying certain Charitable Remainder Annuity Trust transactions as listed transactions....
Security Summit Fires the Starting Gun on Its 2026 Summer Series: Week One Puts New Scams Aimed at Your Firm on Notice
The IRS and Security Summit partners launched the 2026 "Protect Your Clients; Protect Yourself" summer campaign on July 7, 2026. Week one...
Grandparents, Aunts, and Family Friends Can Fund Trump Accounts Without a Form 709 (Within Limits): IRS Issues Rev. Proc. 2026-25 Safe Harbor
Treasury and the IRS issued Revenue Procedure 2026-25 on June 29, 2026, creating a gift tax reporting safe harbor for individual donors...
TAS Mid Year Report: The IRS Ran a Cleaner Filing Season Than Anyone Expected, and Then Left Some Taxpayers Behind
National Taxpayer Advocate Erin M. Collins released her Fiscal Year 2027 Objectives Report on June 24, 2026. The IRS processed almost 139...
The Section 4960 Net Just Widened: OBBB Pulls Every Highly Paid Nonprofit Employee Into the Excise Tax Zone
Treasury and the IRS issued Notice 2026-36 on June 5, 2026, signaling proposed regulations that expand the Section 4960 excise tax on...
IRS Drops a Free Look Back Interest Calculator for Long Term Contracts (Form 8697 Just Got Easier)
The IRS released a free Excel based Look Back Interest Calculator on May 29, 2026, designed to support the interest computation step...
Treasury and IRS Soften Section 892 Proposed Regs: Grandfathering and Transition Relief for Sovereign Investors
Treasury and the IRS issued additional guidance on May 29, 2026, walking back the bite of their December 2025 Section 892 proposed...
IRS Opens Taxpayer Assistance Centers Saturday, May 30: What Your Clients Can Actually Do There
The IRS will open select Taxpayer Assistance Centers from 9 a.m. to 4 p.m. on Saturday, May 30, 2026, with most regular...
IRS Drops the Receipts on Working Families Tax Cuts: Car Loan Interest, Overtime, and Senior Deduction by the Numbers
IRS CEO Frank J. Bisignano and Senator Bernie Moreno toured Cleveland on May 22, 2026, with new data on three Working Families...
IRS Opens New Settlement Window for Conservation Easement Cases, No Upfront Payment Required for Most
The IRS announced on May 13, 2026, a new time limited settlement opportunity for taxpayers caught in conservation easement and […]
IRS Opens $200K LITC Grant Applications, Florida Counties Get Special Consideration
The IRS Low Income Taxpayer Clinic Program opened applications for matching grants up to $200,000. Several Florida counties get special consideration. Applications...