News

October 23, 2026

Year-Round Tax Planning: Steps to Take Before Year-End

Check withholding, make any needed estimated payments, use your IRS online account, and organize records now to make the 2027 filing season easier.

October 22, 2026

Get Your IRS Identity Protection PIN Before Mid-November

The IRS urges taxpayers to request an IP PIN now. The online tool goes down for annual maintenance in mid-November and returns in mid-January.

October 22, 2026

IRS Updates Retirement Plan Correction Program and Creates New IRA Correction System

Rev. Proc. 2026-34 updates EPCRS for employer plans, and Rev. Proc. 2026-33 creates a new IRA Compliance Resolution System effective May 1, 2027.

October 16, 2026

IRS Issuing Automatic Refunds for Adoption Credit Carryforwards

More than 50,000 taxpayers are receiving automatic adjustments for 2025 adoption credit carryforwards. No amended return should be needed.

October 14, 2026

Premium Tax Credit: Proposed Eligibility and Verification Changes for 2027

Proposed rules would tighten eligibility and verification for the Premium Tax Credit for Marketplace health coverage starting in 2027.

October 1, 2026

New Federal Tax Credit for Scholarship Donations Starts in 2027

A new nonrefundable federal credit of up to $1,700 per person ($3,400 joint) for cash gifts to scholarship granting organizations begins January 1, 2027.