Tax

IRS Comment Request on Disclosure Authorization for Identity Theft

The IRS has issued a notice requesting public comments on an information collection request concerning tax information authorization and IRS disclosure authorization for victims of identity theft. The notice pertains to Forms 8821 and 8821-A and seeks feedback on the necessity, utility, and burden of these forms.

Updated Certificate Holders and Continuing Education Hours for Certificate Holders

The Nebraska Department of Revenue issued a news release on March 25, 2026, announcing updated information regarding certificate holders and continuing education hour requirements. The release links to a PDF attachment containing the substantive details of the update. No specific regulatory requirements, penalties, or deadlines are stated in the visible page content.

Washington Capital Gains Tax Returns Due Date Moved to May 1, 2026

Washington DOR announces that the due date for Tax Year 2025 Capital Gains Excise Tax returns and payments is extended from April 15, 2026 to May 1, 2026. This extension aligns with IRS tax relief for Washington residents affected by severe storms and flooding that began December 9, 2025. While filers may request a filing extension to October 15, 2026 by requesting a federal extension, the payment due date remains May 1, 2026.

Save on Easter Childcare Egg-spenses with Tax-Free Childcare

HMRC is encouraging working families to sign up for Tax-Free Childcare before booking Easter holiday childcare. Families can save up to £2,000 per year per child (or £4,000 for disabled children up to age 16) through the government top-up scheme, which adds £2 for every £8 deposited. December 2025 figures show 542,700 families benefited and £46.6 million in government contributions were added to accounts. Eligibility requires earning at least National Minimum Wage for 16 hours weekly, with neither parent earning more than £100,000 annually, and not receiving Universal Credit or childcare vouchers.

Help With VAT Place of Supply of Services in Oil and Gas Sector

HMRC published guidance (GfC18) on 25 March 2026 explaining how businesses in the oil and gas sector should determine the VAT place of supply for services. The guidance covers special place of supply rules, general rules, fixed establishment rules, and other factors affecting VAT treatment. Businesses in the sector should read this guidance alongside HMRC's published guidance to make informed decisions about their VAT obligations.

Form 1040-X Instructions: Taxpayer Burden Estimates Corrected

The IRS has issued a correction to the Instructions for Form 1040-X, Amended U.S. Individual Income Tax Return (Rev. December 2025). The effective date on page 13 is corrected from November 2022 to October 1, 2025, and the average cost per return is updated from $200 to $230 to align with the Estimates of Taxpayer Burden Table. The next revision of the instructions will include updated burden estimates for that time period.

North Carolina Property Tax Reform Analysis

Tax Foundation analysis of North Carolina property tax dynamics finds that rising home values have not produced automatic, one-to-one increases in property tax bills. From fiscal year 2018 to 2023, statewide real property values rose 12.26 percent while property tax revenues grew only 5.27 percent, demonstrating that local governments offset more than half of potential revenue gains through lower tax rates. The analysis identifies county rate-setting decisions as the primary driver of revenue variation, not property value appreciation alone.

ND Primary Residence Credit Application Deadline

North Dakota Tax Commissioner Brian Kroshus reminds eligible homeowners to apply for the Primary Residence Credit (PRC) before the April 1, 2026 deadline to receive up to $1,600 on their property tax credit statement. The PRC, established under House Bill 1158 in 2023 and increased under House Bill 1176 in 2025, has no age or income restrictions. Over 156,000 applications have been received for the 2026 property tax year, with the Commissioner noting the program is again on track for a record number of applications.

HMRC Business Appointment Rules Advice October to December 2025

HMRC published its quarterly transparency data covering business appointment rules advice given to former senior civil servants at SCS1 and SCS2 levels and equivalents during October to December 2025. The publication also covers special advisers of equivalent level. This is the sixth transparency report for 2025, following similar disclosures for the first three quarters.

MTD Income Tax Threshold Reduction to £20k from April 2028

HMRC has published a policy paper confirming that the Making Tax Digital (MTD) for Income Tax Self Assessment mandation threshold will be reduced from £30,000 to £20,000 from April 2028. This change extends the existing MTD obligations — digital record-keeping and quarterly digital submission of income reports — to additional self-employed individuals and landlords whose annual income or property income meets or exceeds the new £20,000 threshold. The existing MTD infrastructure and software requirements continue to apply; only the pool of in-scope taxpayers expands.

HMRC and VOA Workforce Management Information February 2026

HM Revenue & Customs and the Valuation Office Agency published their February 2026 workforce management information, providing transparency data on departmental staff numbers and payroll costs for both payroll and non-payroll staff. The data is published monthly as part of government transparency requirements and is also available on data.gov.uk. Users of assistive technology can request accessible formats via email.

HMRC Senior Officials Business Expenses Hospitality and Meetings Q3 FY2025

HMRC has published transparency data covering senior officials' (SCS2+) business expenses, hospitality, and external meetings for October to December 2025. The release includes three CSV datasets covering business expenses (98.8 KB), hospitality (6.47 KB), and meetings (1.68 KB). Some expense entries have been redacted where publication could impact national or personal security or jeopardise investigations. This quarterly disclosure covers Permanent Secretaries, Directors General, Finance Directors, Commercial Directors, and senior responsible owners in the Government's Major Projects Portfolio. The data is also republished on data.gov.uk.

2026 Tax Processing Season Webinar Recordings Available

The Illinois Department of Revenue has made 2026 Tax Processing Season Update webinar recordings publicly available on its website. Recordings cover seven topic areas: Modernized E-File, Illinois Secure Choice, Illinois Individual Income Tax, Illinois Business Income Tax, Illinois Withholding Income Tax, Illinois Sales Tax, and Alcohol, Tobacco, and Fuel. Taxpayers, employers, and businesses can access these recordings at their convenience to learn about key updates for the upcoming filing season.

HMRC SME Action Plan 2025 to 2028

HMRC published its SME Action Plan for 2025 to 2028 on 24 March 2026, covering the period from April 2025 to March 2028. The plan outlines actions to reduce barriers for small and medium-sized enterprises seeking to access public sector supply chains, and sets out HMRC's SME procurement spend targets. The action plan does not create new legal obligations for businesses but signals government commitment to increasing SME participation in public procurement.

Tax Years 2023-2025 Reporting Relief: Forms 3468 and 8835

The IRS is granting reporting relief for tax years 2023, 2024, and 2025 for filers of Form 3468 (Investment Credit) and Form 8835 (Renewable Electricity Production Credit). Under the Inflation Reduction Act, filers are normally required to submit separate forms for each facility or property. Because the IRS acknowledges taxpayer concerns about the inability to import data into these forms, filers with more than 200 of either form may now submit a single aggregated form and attach a PDF (named "CleanEnergyRelief.pdf") containing the required facility-level information. The relief also extends to shareholders or partners of passthrough entities.

Singapore IRAS: Direct Tax Bills for 1 Million Taxpayers

Singapore's IRAS announces YA 2026 tax season with approximately 1 million taxpayers now receiving pre-computed tax bills directly under the Direct Notice of Assessment (D-NOA) initiative from mid-March, eliminating the need for most to file returns. Over 2 million individual taxpayers benefit from the No-Filing Service. Taxpayers must verify income details and can amend within 30 days if needed. Required filers must submit by April 18, 2026. Late payment incurs a 5% penalty, with over $5 million collected from approximately 37,000 defaulters in YA 2025.

Second Protocol to Singapore Cambodia DTA Enters Force 6 March 2026

The Second Protocol to the Agreement between Singapore and Cambodia for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion with Respect to Taxes on Income entered into force on 6 March 2026. The Protocol, signed on 2 November 2023, amends the DTA preamble and introduces a new Article 28 (Entitlement of Benefits) incorporating internationally agreed Base Erosion and Profit Shifting standards for countering treaty abuse. The full text is available on IRAS's website.

IRAS Raids Over 20 Locations for GST Refund Fraud

IRAS conducted island-wide raids at over 20 business premises and residential locations on 17 March 2026 as part of investigations into suspected GST refund fraud schemes. One female suspect aged 56 was arrested, and 179 luxury watches estimated to be worth more than $1 million were seized along with accounting records and electronic devices. The suspect allegedly created fictitious purchases, inflated transactions, and used false tax invoices to support fraudulent GST refund claims, with 7 additional individuals from other cases assisting with investigations. In 2025, more than 1,300 businesses making GST refund claims were audited, resulting in recovery of over $100 million in taxes and penalties. Upon conviction, offenders may face a penalty of three times the amount of tax undercharged, a fine not exceeding $10,000, and/or imprisonment for a term not exceeding seven years.

Dividend Tax Rates in Europe: 35 Countries Ranked for 2025

The Tax Foundation published 2025 data on net top statutory dividend tax rates across 35 major European countries, showing an average rate of 20.82 percent. Ireland ranks highest at 51 percent, followed by Denmark at 42 percent and the United Kingdom at 39.35 percent, while Estonia, Latvia, and Malta levy no dividend tax. Recent rate changes include Romania raising its rate from 10 to 16 percent in 2026, Spain increasing from 28 to 30 percent in 2025, and the Netherlands raising its rate from 33 to 36 percent in 2025.

Congress Must Authorize Section 122 Tariffs Under Trade Act

The Tax Foundation published an op-ed arguing that Congress must vote to approve tariffs issued under Section 122 of the Trade Act, which would otherwise expire after 150 days without Congressional authorization. The analysis references the Supreme Court's recent ruling on tariffs as the catalyst for requiring Congressional action, stating that elected members will need to approve the new tariffs. The author notes that while the president's approach to trade policy is not optimal, Congressional votes on the imposed tariffs would represent a return to legislative oversight of major policies.

Tax Foundation Proposes Expensing Residential Structures to Address Housing Costs

This Tax Foundation analysis proposes introducing full expensing for residential structures — allowing developers to deduct the cost of building new housing immediately rather than spreading deductions over the current 27.5-year depreciation period — as a policy to address the US housing supply shortage. The piece cites historical evidence that the 1981 Economic Recovery Tax Act's shortening of recovery periods spurred a housing construction boom, while the 1986 Tax Reform Act's extension to 27.5 years caused construction to collapse and multifamily starts to never fully recover. The Center for American Progress estimates that a developer choice between full expensing and a 10% investment tax credit would produce nearly 1 million new housing units within a decade.

NH Tax Amnesty Program Recovers $103.8M

The New Hampshire Department of Revenue Administration's 2026 Tax Amnesty Program exceeded its goal, generating $103.8 million in recovered tax revenue over its December 1, 2025 to February 15, 2026 run. The program enabled eligible taxpayers to pay outstanding taxes without penalties and with a 50% reduction in accrued interest, closing audit cases ($79.5M from 692 returns), collection cases ($11.0M from 1,780 returns), and bringing new filers onto tax rolls ($3.4M from 850 returns). The revenue will benefit the New Hampshire General and Education Trust Funds, with Business Taxes accounting for $96.7 million of the total.

Electronic Transfer Levy Repealed April 2025

The Ghana Revenue Authority announced the repeal of the Electronic Transfer Levy (e-levy), effective April 2025. This tax, which had applied to electronic money transfers, has been removed from the country's tax framework. Businesses and consumers conducting electronic financial transactions should note this change to their compliance obligations under Ghanaian tax law.

DTRD Holds Management Retreat in Sunyani to Strengthen VAT Compliance and Revenue Mobilization

The Domestic Tax Revenue Division (DTRD) of the Ghana Revenue Authority held its 2026 Management Retreat from 18th to 21st February 2026 at Eusbett Hotel in Sunyani, themed 'Transforming for Impact and Growth: Focusing on VAT Performance and Compliance.' The retreat assessed performance, identified operational gaps, and developed strategies to improve VAT compliance and service delivery. GRA set an internal revenue target of GH¢230 billion for 2026 (DTRD tasked with GH¢163 billion) toward a national goal of GH¢360 billion by 2028. No new regulatory obligations are created for external parties.

VAT Registration Threshold Increased to GH₵750,000

Ghana Revenue Authority announces major VAT reforms under the Value Added Tax Act, 2025 (Act 1151), effective January 1, 2026. The VAT registration threshold for goods dealers increases from GH₵200,000 to GH₵750,000; the COVID-19 Health Recovery Levy is abolished; NHIL and GETFund levies are recoupled and treated as input tax deductions; and the VAT Flat Rate Scheme is abolished. The VAT rate remains 15% with NHIL and GETFund at 2.5% each, bringing the total effective rate to 20%. All VAT registered taxpayers, employers, accountants, auditors, importers, exporters, clearing agents and tax consultants must note these changes.

IRS Seeks Public Input on 2026-2027 Priority Guidance Plan

The Treasury Department and the IRS have issued Notice 2026-23 inviting the public to submit recommendations for inclusion on the 2026-2027 Priority Guidance Plan, covering guidance projects to be actively worked on from July 1, 2026, through June 30, 2027. The notice references recently enacted Public Law 119-21 (the One, Big, Beautiful Bill Act) and Executive Order 14219 as evaluation criteria for prioritizing guidance projects. Recommendations must be submitted by Friday, May 29, 2026, via regulations.gov (docket IRS-2026-0364) or by mail, and all public submissions will be made available for public inspection and copying.

IRS Notice 2026-23

The IRS has issued Notice 2026-23, providing updated guidance on tax reporting requirements. This notice outlines new procedures and clarifies existing regulations for affected entities. The comment period for this notice is open until May 29, 2026.

Child Benefit Statistics Annual Release Including Small Area Statistics 2025

HM Revenue & Customs (HMRC) has announced the forthcoming release of accredited official statistics on Child Benefit covering the period to 31 August 2025. The release, scheduled for 23 April 2026 at 9:30am, will include the number of families and children claiming Child Benefit and their geographical distribution at country, English region, local authority, and parliamentary constituency level (Westminster and Scottish). Annual geographical estimates at Lower Super Output Area, Super Data Zone, and Data Zone level for the United Kingdom will also be published.

February 2026 General Revenue Report Posted

The Arkansas Department of Finance and Administration posted the February 2026 General Revenue Report on March 3, 2026. The report is available as a PDF attachment via the DFA news page. No specific revenue figures, commentary, or compliance obligations are stated in the announcement itself. This is a routine fiscal reporting release; the underlying data would be contained in the attached PDF, which is not included in the source text.

IRS Denies Tax Exemption Under IRC Section 501(c)(3)

The IRS issued a final adverse determination denying tax-exempt status under IRC Section 501(c)(3) to an organization that submitted Form 1023-EZ after the organization failed to file a protest within the required 30-day period following a proposed adverse determination. The IRS concluded the organization failed the operational test because its sole activity—soliciting donations for distribution to designated employees of two named companies—served private rather than public interests. As a result, the organization does not qualify as a tax-exempt organization, donors cannot deduct contributions under IRC Section 170, and the IRS may notify state officials of its determination pursuant to IRC Section 6104(c).

IRS Ruling on S Corporation Reorganization, QSub Elections, and Equity Grants Under § 1362(d)(2)(A)

The IRS issued Private Letter Ruling PLR-112688-25 addressing whether X's momentary ownership of Y and Z stock during equity compensation plan operations would terminate S corporation elections under § 1362(d)(2)(A). X, treated as a partnership for federal income tax purposes at the time of each Plan Equity Grant, was deemed an ineligible S corporation shareholder. The ruling analyzes § 1361(b)(1) eligibility requirements, § 1.83-6(d) transfers of property as compensation, and § 1.1032-3 recharacterization of acquiring entity stock dispositions. Y succeeded to X's S corporation election as of Date 2 under Rev. Rul. 64-250 and Rev. Rul. 2008-18, and Z separately elected S corporation status effective Date 5.

IRS Denies Tax Exemption for 501(c)(4) Real Estate Management Organization

The IRS issued a final adverse determination on December 22, 2025 denying tax exemption under IRC Section 501(c)(4) to a real estate management/homeowners association. The proposed adverse determination was sent on November 3, 2025, giving the organization 30 days to file a protest; no protest was received within the required period, making the proposed determination final. The organization must now file federal income tax forms within 30 days of the final determination letter.

IRS Grants Extension for Late Form 1128 Tax Year Election

The IRS granted a taxpayer relief under Section 301.9100-3 to treat a late-filed Form 1128 as timely, after the taxpayer missed the filing deadline due to a qualified tax professional's misunderstanding of the return due date. The request was filed less than 90 days after the missed deadline, satisfying the regulatory requirement. The IRS concluded the taxpayer acted reasonably and in good faith, and granting relief would not prejudice government interests.

IRS Grants 60-Day Extension for Qualified Opportunity Fund Election Under Section 301.9100-3

The IRS issued a private letter ruling granting a taxpayer a 60-day extension from December 19, 2025 to file Form 8996 and elect Qualified Opportunity Fund (QOF) status under section 1400Z-2(d), retroactive to the intended effective date. The taxpayer failed to timely self-certify as a QOF because it was unaware of the filing requirement and had no federal tax return obligation in either Year 1 or Year 2. The IRS determined the taxpayer acted reasonably and in good faith under the § 301.9100-3(b)(1)(iii) reasonable-cause standard (unaware of the necessity for the election after exercising reasonable diligence), and granting relief would not prejudice the Government's interests. The ruling is specific to the requesting taxpayer but provides interpretive guidance on § 301.9100-3 relief for late QOF elections.

IRS Private Letter Ruling Approves Scholarship Procedures Under IRC Section 4945(g)(1)

The IRS issued Private Letter Ruling 202612011 dated December 22, 2025 (released March 20, 2026) providing advance approval of a private foundation's scholarship procedures under IRC Section 4945(g)(1). The IRS determined that the foundation's procedures for awarding scholarships satisfy the requirements, meaning expenditures made under these procedures will not constitute taxable expenditures subject to the 20% excise tax under IRC Section 4945. Scholarship recipients may exclude award amounts from gross income when used for qualified tuition and related expenses under IRC Section 117(b).

IRS Rules Inadvertent S Corporation Termination Under § 1362(f)

The IRS issued a private letter ruling determining that Corporation X's S corporation election terminated inadvertently when trust beneficiaries failed to timely file Qualified Subchapter S Trust (QSST) elections for trusts holding X stock. The IRS granted relief under § 1362(f), treating X as continuing to be an S corporation provided beneficiaries file the required QSST elections within 120 days of the ruling date. X and its shareholders had filed federal income tax returns consistent with S corporation status for all prior years.

IRS Grants 120-Day Extension for Foreign Entity Classification Election Under Section 301.9100-3

The IRS Office of Associate Chief Counsel (Passthroughs, Trusts, and Estates) granted a private letter ruling (202612007) to foreign eligible entity X, extending by 120 days the deadline to file Form 8832, Entity Classification Election, to elect disregarded entity treatment for U.S. federal tax purposes. The ruling is contingent on X and its owners filing all required returns for open years consistent with the relief within the 120-day period, including Forms 5471, 8865, and 8858 reflecting the consequences of the relief. This ruling applies only to the requesting taxpayer and may not be used or cited as precedent per Section 6110(k)(3) of the Internal Revenue Code.

IRS Grants 120-Day Extension for Portability Election Under Section 2010

The IRS granted a 120-day extension of time under § 301.9100-3 for Decedent's estate to make a portability election under § 2010(c)(5)(A) of the Internal Revenue Code, allowing a surviving spouse to take into account the deceased spousal unused exclusion (DSUE) amount. The extension was granted based solely on the information and representations submitted, establishing that the requirements of §§ 301.9100-1 and 301.9100-3 were satisfied and that granting relief would not prejudice the interests of the government. The election must be made by filing a complete and properly prepared Form 706 along with a copy of the letter at the Kansas City IRS Service Center.

IRS Grants 120-Day Extension for Entity Classification Election Under Section 9100-3

The IRS has granted X, a foreign entity formed under the laws of Country, an extension of time of 120 days from the date of this letter to file Form 8832, Entity Classification Election, to elect to be treated as an association taxable as a corporation for federal tax purposes effective Date 3, following a sale of 100% of the interest in X. The IRS determined that the requirements of §§ 301.9100-1 and 301.9100-3 have been satisfied, acting on a ruling request submitted by X's authorized representatives on March 14, 2025. As a condition of relief, X and any of its U.S. owners must file, within 120 days, all required federal income tax and information returns (including amended returns) consistent with the election relief, including Forms 5471, 8858, and 8865.

IRS Final Rule on Nonpersonal Use Vehicle Substantiation

The IRS has issued final regulations defining qualified nonpersonal use vehicles. These regulations add unmarked vehicles used by firefighters or rescue/ambulance crew members as a new category of qualified nonpersonal use vehicles, exempting them from certain substantiation requirements. The changes affect governmental units and employees who use these vehicles.

IRS Corrects Estate Basis Reporting Rule

The IRS has issued correcting amendments to a final rule published in September 2024 concerning estate basis reporting under sections 1014(f) and 6035 of the Internal Revenue Code. These corrections address inadvertent overwrites in the previous language and are effective March 19, 2026.

IRS Updates Form 8829 Instructions

The IRS issued corrections to the 2026 Instructions for Form 8829 on March 5, 2026. The Line 11 Worksheet was updated to include student loan interest deduction (Schedule 1, line 21), and Line 17 instructions were corrected to reference line 11 instead of the previously incorrect reference to line 10. Taxpayers who downloaded or printed the prior version should note these updates when calculating home office deductions.

IRS Form 8850 Work Opportunity Credit Pre-Screening Form Discontinued

The IRS has announced that Form 8850, the Work Opportunity Credit pre-screening form, is no longer in use. The Work Opportunity Credit itself does not apply to employees who begin work for the employer after December 31, 2025. Employers previously used Form 8850 to pre-screen and make written requests to state workforce agencies to certify that an individual was a member of a targeted group qualifying for the credit.

IRS Internal Revenue Bulletin 2026-13: Digital Asset Broker Reporting, Trump Account Rules, Foreign Income Exclusions

IRS Bulletin 2026-13 includes proposed regulations (REG-105064-25) enabling electronic furnishing of 1099-DA digital asset broker statements; proposed rules (REG-117002-25, REG-117270-25) implementing Trump account provisions under Sections 530A and 6434, including a one-time $1,000 pilot program contribution authority; proposed removal (REG-108921-25) of certain partnership related-party basis adjustment transactions from the transactions of interest list; Rev. Proc. 2026-15 updating 2026 passenger automobile depreciation limitations; and Rev. Proc. 2026-16 adding Haiti, Ukraine, Democratic Republic of the Congo, South Sudan, Iraq, Lebanon, and Mali to the foreign earned income exclusion waiver countries for tax year 2025.

Wyoming Sales Tax Rates Drop in Laramie County, Casper, Albany County 2026

Wyoming sales/use tax rates decrease in three jurisdictions in 2026: Laramie County drops to 5% on April 1, 2026; City of Casper and Albany County each decrease to 5% on July 1, 2026, as Specific Purpose Option Taxes take effect. Combined sales/use and lodging tax rates remain at 12% across all three areas. The annual interest rate for delinquent taxes is 10.75% effective January 1, 2026.

Auto Repair Business Owner Sentenced for Tax Theft, Filing False Tax

Marlo Brown, co-owner of Brown's Garage in Shelton, Washington, was sentenced on March 18, 2026 to six months in jail after pleading guilty to one count of filing a false tax return and first-degree theft for pocketing sales tax collected from customers over a four-year period. Her husband and co-owner Phillip Brown, who pleaded guilty as a co-defendant, was sentenced September 29, 2025 to 30 days of home monitoring. Both Browns were ordered to pay combined restitution of $36,875 to the state. The investigation found they reported business income as 'wholesaling' to avoid sales tax and continued operating after the Department of Revenue filed tax warrants and revoked their business licenses.

Vermont Tax Department Newsletter: Winter 2026

The Vermont Department of Taxes published its Winter 2026 quarterly newsletter, announcing availability of Tax Year 2025 forms and instructions, reminders from Taxpayer Services, video recordings of Business Income Tax Form Set Winter Seminars, and 2026 Business Income Tax Form Set FAQs. The newsletter directs readers to subscribe and access the full issue through the department's email subscription service.

Nebraska DOR News: USPS Postmark Changes

The Nebraska Department of Revenue issued a news release regarding recent changes to USPS postmark processing. This notice informs taxpayers about potential delays in mail delivery and advises them to account for these changes when filing tax documents.

Nebraska General Fund Receipts - February 2026

The Nebraska Department of Revenue has published the General Fund Receipts for February 2026. This notice provides a monthly update on the state's revenue collections.

New Mexico Income Tax Returns Due April 15

The New Mexico Taxation and Revenue Department issued a reminder on March 15, 2026, that state and federal income tax returns are due Wednesday, April 15. The notice informs New Mexico residents about available tax credits for parents, working families, and low-income taxpayers, and directs filers to the free online Taxpayer Access Point system for electronic filing. The department warns filers to remain alert for tax scams and notes it will never contact taxpayers unsolicited by phone.