Tax Compliance

Illinois Tax Filings Affected by USPS Postmark Changes

The Illinois Department of Revenue (IDOR) issued a notice regarding changes to United States Postal Service (USPS) postmarks that could impact the timely filing of Illinois tax returns and payments in 2026. Taxpayers are advised to file and pay electronically or mail returns earlier to avoid late penalties.

Motor Fuel Use Tax Rate Change

The Illinois Department of Revenue has announced changes to the Motor Fuel Use Tax rates, effective January 1, 2026, through June 30, 2026. These updated rates apply to all International Fuel Tax Agreement (IFTA) licensees operating in Illinois.

IRS denies tax exemption for IRC Section 501(c)(6) organization

IRS denies tax exemption for IRC Section 501(c)(6) organization

IRS Grants Ruling on Substitute Mortality Tables for Pension Plans

The IRS has granted a ruling allowing a taxpayer to use substitute mortality tables for pension plan computations under section 430 of the Internal Revenue Code. This approval is effective for up to 3 plan years beginning with the 2026 plan year.

IRS Internal Revenue Bulletin 2026-07

The IRS published Internal Revenue Bulletin 2026-07, featuring guidance on disciplinary sanctions for tax practitioners, disclosure requirements for reducing tax understatements, and amendments related to SECURE 2.0 Act provisions for retirement plans. This bulletin includes updates to revenue procedures and notices affecting tax return preparers and retirement account administration.

IRS Proposed Regulations on Clean Fuel Production Credit

The IRS has issued proposed regulations concerning the Section 45Z Clean Fuel Production Credit, which applies to clean transportation fuel produced domestically after December 31, 2024. These regulations address eligibility, emissions rates, and claim filing for domestic fuel producers and credit claimants.

IRS Interest Rates for April 1, 2026

The IRS has announced the interest rates for tax underpayments and overpayments for the calendar quarter beginning April 1, 2026. These rates include specific percentages for general underpayments, overpayments, large corporate underpayments, and a reduced rate for corporate overpayments exceeding $10,000.

IRS Internal Revenue Bulletin 2026-10

The IRS published Internal Revenue Bulletin 2026-10 on March 2, 2026. This issue contains an announcement that no articles were submitted for publication in this bulletin, making it an administrative notice regarding the bulletin's content.

IRS Bulletin 2026-11: Tax Updates and Guidance

The IRS has issued Bulletin 2026-11, containing several notices and announcements on tax matters. Key updates include interim guidance on the corporate alternative minimum tax (CAMT), rules for determining material assistance from prohibited foreign entities, and anticipated applicability dates for final regulations on required minimum distributions.

Texas State Sales Tax Revenue Report - January 2026

The Texas Comptroller of Public Accounts announced that state sales tax revenue for January 2026 totaled $4.6 billion, an increase of 7.1% compared to January 2025. Growth was particularly strong in sectors driven by business spending, including mining and construction.

Texas February Sales Tax Revenue Report

The Texas Comptroller's office reported that state sales tax revenue for February 2026 totaled $4 billion, a 3.8 percent increase compared to February 2025. The report details revenue collections across various sectors, noting mixed performance in business-driven sectors but overall growth in consumer-driven sectors.

Texas Distributes $1.5B Local Sales Tax Revenue

The Texas Comptroller of Public Accounts announced the distribution of $1.5 billion in local sales tax revenue for February 2026. This represents a 2.5% increase compared to February 2025, reflecting economic activity from previous months.

Texas Comptroller Distributes $1.2B in Local Sales Tax Revenue

The Texas Comptroller's office announced the distribution of $1.2 billion in local sales tax revenue for January 2026. This amount represents a 4.9% increase compared to January 2025 allocations, reflecting sales made in November 2025.

New York State Corporation Tax Bulletins

The New York State Department of Taxation and Finance has updated its list of corporation tax bulletins. This update includes new bulletins regarding e-filing mandates for businesses and tax return preparers. These bulletins provide general guidance on tax topics.

New York Mortgage Recording Tax Bulletins

The New York State Department of Taxation and Finance has updated its list of mortgage recording tax bulletins. These bulletins provide general guidance on various aspects of mortgage recording tax law, including residential property exclusions, bankruptcy reorganizations, and credit line debts. The update was published on June 14, 2017.

Alcoholic Beverages Tax Bulletins Discontinued

The New York State Department of Taxation and Finance has discontinued several tax bulletins related to alcoholic beverages as of March 31, 2021. These bulletins are no longer available, and businesses should refer to updated guidance for information on registration, filing, invoicing, and penalties.

New York Income Tax Bulletins

The New York State Department of Taxation and Finance has updated its list of income tax bulletins. Two bulletins, TB-IT-215 and TB-IT-615/620, have been discontinued and are no longer available, with references provided to updated information or forms.

IRS Seeks Comments on Taxpayer Burden Surveys

The Internal Revenue Service (IRS) has published a notice in the Federal Register seeking public comments on its taxpayer burden surveys. The comment period is open until May 11, 2026. This action is part of the IRS's ongoing efforts to assess and potentially reduce the burden on taxpayers.

Electronic Tax Administration Advisory Committee Charter Renewal

The Internal Revenue Service has published a notice regarding the renewal of the charter for the Electronic Tax Administration Advisory Committee (ETAAC). This notice confirms the continuation of the committee's advisory functions related to electronic tax administration.

IRS Information Collection Activities - OMB Review Comment Request

The Internal Revenue Service (IRS) has submitted an information collection request for review by the Office of Management and Budget (OMB). This notice requests public comments on the information collection requirements related to practice before the IRS.

IRS Form 8233 Comment Request

The Internal Revenue Service (IRS) is requesting public comments on Form 8233, which relates to exemption from withholding. The comment period closes on May 11, 2026.

IRS Form 8703 Comment Request

The Internal Revenue Service (IRS) has published a notice requesting public comments on Form 8703. The comment period is open until May 11, 2026, allowing stakeholders to provide input on the information collection activity.

HMRC Call for Evidence on Business Systems Integration

HM Revenue & Customs (HMRC) has opened a call for evidence to gather views on how business systems integration can simplify record-keeping for businesses. The consultation closes on June 4, 2026, and aims to identify practical steps for government and industry.

HMRC Directions on Electronic Communications for Tax

HM Revenue & Customs (HMRC) has published directions regarding the use of electronic communications for tax regulations, specifically for returns made via the Self Assessment Online service. These directions clarify the methods and requirements for submitting tax information electronically.

VAT Import One Stop Shop Scheme: Screening Equality Impact Assessment

HM Revenue & Customs has published a Screening Equality Impact Assessment for the VAT Import One Stop Shop scheme for intermediaries. This assessment, published on March 12, 2026, details the consideration of equality impacts on groups with protected characteristics.

Consultation on Extending Uncertain Tax Treatment Regime

HM Revenue & Customs has launched a consultation proposing to extend the Uncertain Tax Treatment (UTT) regime. The proposal aims to capture more legal interpretation uncertainties across various taxes and apply to wealthy individuals and trusts with tax advantages over £5 million. The consultation closes on June 4, 2026.

Company Tax Returns Consultation

HM Revenue & Customs has launched a consultation on modernising and standardising company tax returns. The consultation seeks feedback on proposed delivery timescales and enforcement mechanisms for prescribed content, format, and data tagging of Corporation Tax computations, as well as mandatory online filing of amendments. The consultation closes on June 2, 2026.

Child Trust Funds: cETNs Banned from April 2026

HM Revenue & Customs has issued the Child Trust Funds (Amendment) Regulations 2026, which will ban cryptoasset exchange traded notes (cETNs) from being held in Child Trust Funds effective April 6, 2026. Existing holdings can remain in the account.

ISA Regulations Amended for Long Term Asset Funds and cETNs

HM Revenue & Customs has amended the Individual Savings Account Regulations 2026 to allow investments in Long Term Asset Funds and cryptoasset exchange traded notes (cETNs) within ISAs. These changes aim to extend investor choice while managing risks associated with digital finance.

Finance Bill 2025-26 Report Stage Explanatory Notes

HM Revenue & Customs has published explanatory notes and tax information for government amendments to the Finance Bill 2025-26 at its report stage. These notes detail changes related to the abolition of the Lifetime Allowance and tax implications for certain pension interests and umbrella companies.

Tax Note: Power to Permit Regulations for 2024-2025 Tax Year

HM Revenue & Customs has updated the power to permit regulations for the 2024-2025 tax year. This measure allows new regulations made under the Finance Act 2024 to take effect retroactively and extends the expiration of the power to June 30, 2026. Regulations made will be subject to affirmative parliamentary procedure.

IRS Proposed Rule: Electronic Furnishing of Digital Asset Sales Statements

The Internal Revenue Service has issued a proposed rule regarding the electronic furnishing of payee statements for digital asset sales by brokers. This proposal outlines new requirements for brokers to provide tax statements electronically to customers regarding their digital asset transactions.

Advance Corporation Tax Reform

HM Revenue & Customs is reforming the Advance Corporation Tax (ACT) regime, repealing shadow ACT rules. This change allows unrelieved surplus ACT balances to be offset against Corporation Tax liabilities without restrictions, effective from April 1, 2026.

Fuel Duty Cut Extended to August 2026

HM Revenue & Customs has extended the temporary cut in fuel duty rates until the end of August 2026. Fuel duty rates will gradually return to March 2022 levels through phased increases starting September 1, 2026.

New £2.5 million allowance for property tax relief

New £2.5 million allowance for property tax relief

Technical Amendments to Residence-Based Tax Regime

HM Revenue & Customs has published technical amendments to the residence-based tax regime introduced in the Finance Act 2025. These amendments aim to ensure the regime operates as originally intended without altering the underlying policy. The changes affect Income Tax, Capital Gains Tax, and Inheritance Tax.

Minor Changes to Employer Provided Benefits Policy

HM Revenue & Customs has published minor changes to employer-provided benefits policy and administration. This notice confirms updates related to measure numbers B25-11-062 and B25-11-063.

Proposed IRS Rules for Section 45Z Clean Fuel Production Credit

The Internal Revenue Service has issued proposed rules regarding the Section 45Z Clean Fuel Production Credit. The public comment period for these proposed regulations ends on April 6, 2026.

IRS Final Rule Correction: Excise Tax on Corporate Stock Repurchases

The Internal Revenue Service (IRS) has issued a correction to its final rule regarding the excise tax on corporate stock repurchases. This correction clarifies specific aspects of the rule, ensuring accurate application of the tax. The effective date for these corrections is February 11, 2026.

IRS Proposed Rule: Update Regulation References Due to Reorganizations

The IRS and the Alcohol and Tobacco Tax and Trade Bureau have issued a proposed rule to update IRS regulation references to reflect recent reorganizations within the Department of Justice and the IRS. This document serves as a correction to a previously published version.