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Correction to 2025 Form 8940 Instructions

The IRS issued a correction to the 2025 Instructions for Form 8940, specifically regarding Schedule Q, Line 7. Lines 7a through 7d were incorrectly added and have been removed, with the information consolidated into a single Line 7. This correction clarifies the requirements for demonstrating a subordinate organization's affiliation with a central organization.

IRS Bulletin 2026-14 Updates Arbitrage Rules for Tax-Exempt Bonds

The IRS has issued proposed regulations in Bulletin 2026-14 to update arbitrage rules for tax-exempt bonds. These updates clarify refunding bond rules, transferred proceeds, allocation limitations, and filing procedures for defeasance notices.

New Tobacco Permit for Interstate Warehousers

The Alabama Department of Revenue has announced a new 'Interstate Warehouser' tobacco permit requirement, effective October 1, 2026. This permit is for entities purchasing tobacco products directly from manufacturers for resale to permitted Alabama wholesalers, with an initial application fee of $2,000.

Tax Time Guide: Resolve Tax Issues, File Early, Manage Payments

The IRS has issued a Tax Time Guide to help taxpayers resolve tax issues and stay on track. The guide outlines steps for preparing and filing returns, making payments (even partial ones), setting up payment plans, responding to notices, and utilizing online tools to manage tax matters efficiently.

UK Trade in Goods by Business Characteristics Statistics 2024

HM Revenue & Customs has published the UK trade in goods by business characteristics statistics for 2024. The release includes data linking overseas trade statistics with Office for National Statistics business data, providing insights into trade patterns by industry group, business size, and age.

Employment Allowance Take-Up Statistics Estimate 2025-2026

HM Revenue & Customs has released an estimate of Employment Allowance take-up for the 2025 to 2026 tax year. These statistics are derived from HMRC's Real Time Information and Enterprise Tax Management Platform. The official release date for these statistics is scheduled for June 30, 2026.

UK Trade in Goods by Business Characteristics 2024 Data Tables

HM Revenue & Customs has published the 2024 data tables for UK trade in goods by business characteristics. These tables provide detailed overseas trade and country data, supporting the analysis of trade patterns based on business attributes.

Vermont Tax Credits and Filing Deadline Reminder

The Vermont Department of Taxes is reminding Vermonters that the tax filing deadline is April 15, 2026. The notice highlights recent legislative changes (Act 71 of 2025) that expanded eligibility for several tax credits, including the Child Tax Credit and Earned Income Tax Credit, encouraging an estimated 40,000 non-filers to file to claim potential refunds.

IRS proposes PTIN user fee update and announces hearing

The IRS has issued a notice of proposed rulemaking and announced a public hearing regarding a proposed reduction in the user fee for a preparer tax identification number (PTIN). The proposed fee would decrease from $11 to $10, plus an amount for a third-party contractor.

National Debt Interest to Consume 1 in 4 Tax Dollars by 2036

A Tax Foundation analysis projects that by 2036, interest payments on the national debt will consume one in four federal tax dollars. This analysis highlights the growing fiscal challenge posed by the national debt and its impact on federal spending priorities.

Delinquent Property Tax Auctions in Doña Ana and Luna Counties

The New Mexico Taxation and Revenue Department will hold live delinquent property tax auctions in Doña Ana and Luna Counties in late March and April. These auctions are for properties with taxes delinquent for at least three years, aiming to collect unpaid taxes.

SC Income Tax Deadline Extended to October 15, 2026

The South Carolina Department of Revenue (SCDOR) has automatically extended the 2025 Individual Income Tax filing deadline to October 15, 2026. However, taxpayers must still pay at least 90% of their tax liability by the original April 15, 2026, deadline to avoid penalties.

City of Medina Joins State Licensing Partnership

The Washington State Department of Revenue's Business Licensing Service (BLS) has partnered with the city of Medina, allowing businesses to add a non-resident municipal license through a centralized online portal. This integration streamlines local commerce and benefits mobile professionals, particularly contractors, by connecting them to over 200 other participating cities and towns.

Simplified Declaration Process for Goods Release

HM Revenue and Customs (HMRC) has updated guidance on the Simplified Declaration Process (SDP). SDP allows goods to be released using a Simplified Frontier Declaration (SFD), followed by a supplementary declaration later. This process is applicable to most goods, including controlled goods imported at the frontier.

Simplified Customs Declaration Process Moves Fiscal Controls Inland

HMRC has issued guidance on the Simplified Customs Declaration Process (SCDP), which moves fiscal and statistical controls inland for importers. This process requires authorization and involves a two-stage electronic declaration, with goods subject to checks at the frontier. The guidance outlines authorization requirements, eligibility criteria, and general pre-authorisation conditions for UK established legal entities.

Supplementary Declarations for Simplified Customs Declaration Process

HMRC has issued guidance on Supplementary Declarations (SDs) required for goods released under the Simplified Customs Declaration Process (SCDP). The guidance details general information, data element completion rules, and exceptions where SDs may be waived, emphasizing electronic submission and validation checks.

Customs Declaration Procedures Codes Explained

HM Revenue and Customs has published guidance explaining the use and structure of Procedure Codes (PCs) and Additional Procedures Codes (APCs) on Simplified Frontier Declarations (SFDs) and Supplementary Declarations (SDs). The guidance details how these codes are applied to controlled goods and outlines general completion notes for customs declarations.

Entry in Declarant's Records (EIDR) for Customs Declarations

HM Revenue and Customs has issued guidance on the Entry in Declarant's Records (EIDR) process, a simplified customs declaration procedure. EIDR allows authorised entities to release goods by making an initial entry in their commercial records, followed by a Supplementary Declaration unless a waiver applies. The guidance details the uses of EIDR, notification requirements, and record-keeping obligations.

Declaration Unique Consignment References (DUCR) Format

HMRC has updated guidance on the format for Declaration Unique Consignment References (DUCRs) for UK traders. The DUCR must conform to WCO recommendations and includes a year, GB country code, EORI number, a dash, and a unique reference up to 18 characters.

Customs Declaration Security for Debt and Payment Requirements

HMRC has updated guidance on security requirements for debt and payment in the Simplified Customs Declaration Process (SCDP). The guidance clarifies that while a guarantee is not a condition for SCDP authorisation itself, it is required when a customs debt is incurred, particularly for deferred payments. It also details the use of Duty Deferment Accounts (DDAs) and the implications for Great Britain and Northern Ireland.

HMRC Enforcement: Tax Recovery, Interest, and Penalties

HMRC is enhancing tax recovery efforts, introducing joint and several liability for PAYE tax losses related to non-compliant umbrella companies from April 6, 2026. Additionally, changes to the Construction Industry Scheme (CIS) from the same date allow HMRC to immediately remove Gross Payment Status, issue tax determinations, and charge penalties up to 30% for deliberate non-compliance.

PAYE Rules for Labour Supply Chains with Umbrella Companies

HMRC has issued new guidance detailing PAYE rules for labour supply chains that include umbrella companies, effective from April 6, 2026. The guidance aims to clarify responsibilities and ensure correct tax and National Insurance contributions are paid, particularly in sectors prone to non-compliance.

Arkansas DFA Seizes Over 7,600 Illicit Vape and Tobacco Products

The Arkansas Department of Finance and Administration (DFA) Regulatory Agents, in partnership with the DEA, seized over 7,600 illicit products from vape and tobacco retailers. The operation targeted non-compliant and unsafe items, including vape devices, e-liquids, and THC-related products, across central Arkansas, northwest Arkansas, and Hot Springs.

HMRC CASC Newsletter 3 - Tax Relief, Gift Aid, and Registrations

HMRC has published its Community and Amateur Sports Club (CASC) newsletter 3 for March 2026. The newsletter provides updates on changes to charity and CASC tax relief rules, enhancements to the Claim Gift Aid online service, and information on CASC registrations.

HMRC Strategic Approach to Third-Party Software

HM Revenue & Customs (HMRC) has published its long-term strategic approach to working with third-party software providers. The document outlines HMRC's commitment to fostering an innovative market that simplifies tax responsibilities for customers and builds on two decades of collaboration.

HMRC Plan to Strengthen Third-Party Software Integration Standards

HM Revenue & Customs (HMRC) has published a plan to strengthen standards for third-party software that integrates with its tax and customs systems. The plan outlines proposed themes for enhanced standards, including product integrity, data accountability, and error management, and details a timeline for engagement and implementation through 2026 to 2027.

HMRC Call for Evidence on Stablecoin Cryptoasset Taxation

HM Revenue & Customs has opened a call for evidence to gather views on the taxation of stablecoins, a type of cryptoasset. The consultation seeks input from investors, companies, and advisory firms on how stablecoins should be treated for tax purposes for both individuals and corporations.

HMRC External Integration Vision with Software Sector

HM Revenue & Customs (HMRC) has published its strategic approach to external integration, outlining its vision for working with the software sector. The document focuses on external APIs as a core enabler for a seamless, automated tax and customs system, aiming to support UK growth through increased data sharing.

HMRC Research on SME Electronic Invoicing Usage and Attitudes

HM Revenue and Customs (HMRC) published research on the usage and attitudes of small and medium-sized enterprises (SMEs) towards electronic invoicing. The findings from quantitative and qualitative research conducted in early 2025 will inform HMRC's e-invoicing policy development and communication campaigns.

VAT Penalty Reform Research Survey

HMRC has published research surveying 1,202 VAT-registered businesses on their awareness and perception of new points-based late submission penalties and revised late payment penalties. The research aims to assess the effectiveness of these reforms in driving compliance and will inform the introduction of Making Tax Digital for Income Tax.

HMRC Charities Newsletter: Accounts, Tax Relief, Gift Aid Updates

HM Revenue & Customs has published its Charities newsletter for March 2026, providing updates on the closure of the service for filing company accounts and tax returns. It also details changes to charity and Community Amateur Sports Club (CASC) tax relief rules and updates regarding Gift Aid.

HMRC Response to Adjudicator's Annual Report

HM Revenue and Customs (HMRC) has published its response to the Adjudicator's Office annual report for 2024 to 2025. The response acknowledges challenges in service standards during the period and outlines improvements made, including enhanced complaint handling and digital services, leading to reduced complaint resolution times.

HMRC Pensions Newsletter 179 - Tax, LTA, and DigiRAS Updates

HMRC has published Pensions Newsletter 179, dated March 2026, providing updates for pension schemes. The newsletter covers changes affecting some pension payments due to the UK-Luxembourg Double Taxation Agreement, updates for UK resident pension scheme administrators, lifetime allowance protection and enhancements, and digitalisation of relief at source (DigiRAS).

Idaho Property Tax Benefit for Disabled Veterans

The Idaho State Tax Commission has announced a property tax benefit for disabled veterans, potentially reducing their tax bill by up to $1,500. Eligible veterans must apply by April 15, 2026, and meet specific disability and residency criteria.

NC DOR: Additional Counties Eligible for Hurricane Helene Tax Relief

The North Carolina Department of Revenue has published a notice expanding the list of counties eligible for tax relief following Hurricane Helene. This update provides additional details and expands the scope of previously announced disaster-related tax benefits.

Vapor Product Certification Renewals Due March 1

The North Carolina Department of Revenue reminds manufacturers that vapor and consumable product certification renewals are due by March 1, 2026. Failure to submit the renewal application, required documents, and a $500 fee by the deadline will result in product removal from the directory.

NC Tax Law Differences Impacting 2025 Returns

The NC Department of Revenue has issued guidance detailing how differences between federal and North Carolina tax laws for tax year 2025 will affect state income tax returns. Taxpayers, including individuals and corporations, should review the notice to understand potential impacts on their filings.

Tax Preparer Sentenced for Felony Theft and False Returns

The Wisconsin Department of Revenue announced the sentencing of Mauricio Castaneda, a Whitewater tax preparer, to 4.5 years in prison for felony theft and filing false tax returns. Castaneda filed 33 false returns, receiving $33,356 in fraudulent refunds, and was prevented from issuing an additional $298,300 in fraudulent refunds. He is prohibited from preparing tax returns for others.

Nebraska DOR: Updated Certificate Holders and Continuing Education Hours

The Nebraska Department of Revenue has updated information regarding certificate holders and their continuing education hour requirements. This news release provides updated details for individuals holding certificates and outlines the necessary continuing education hours.

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

The Washington State Department of Revenue has extended the due date for Tax Year 2025 Capital Gains tax returns and payments from April 15, 2026, to May 1, 2026. This extension aligns with IRS tax relief for Washington residents affected by severe storms and flooding.

VAT Place of Supply Guidance for Oil and Gas Sector

HM Revenue & Customs has published new guidance to help businesses in the oil and gas sector determine the VAT place of supply for services. The guidance covers special rules, general rules, fixed establishment rules, and other factors affecting VAT treatment.

Tax-Free Childcare for Easter Childcare Expenses

HM Revenue & Customs is encouraging working families to sign up for Tax-Free Childcare to save on Easter childcare costs. The scheme allows eligible families to save up to £2,000 per child annually, with government top-ups of £2 for every £8 deposited.

IRS Form 1040-X Instructions Updated

The IRS has updated the instructions for Form 1040-X, Amended U.S. Individual Income Tax Return. The updates clarify the effective date for burden estimates to October 1, 2025, and adjust the average cost per return to $230.

North Carolina Property Tax Reform Analysis

The Tax Foundation analyzes North Carolina's property tax system, arguing that levy limits protect taxpayers from rapidly rising property valuations. The analysis suggests reforms should preserve the property tax base while addressing recent pressures on homeowners.

ND Primary Residence Credit Application Deadline

The North Dakota Office of State Tax Commissioner is reminding eligible homeowners to apply for the Primary Residence Credit (PRC) by the April 1, 2026 deadline. This credit, established by House Bill 1158 and expanded by House Bill 1176, can reduce property tax burdens by up to $1600 for qualifying residents.

HMRC Business Appointment Rules Advice

HM Revenue & Customs (HMRC) has published advice regarding business appointment rules for former senior civil servants and special advisers. This guidance covers the period of October to December 2025 and details outside appointments or employment taken up by these individuals.

HMRC Senior Officials' Expenses, Hospitality, and Meetings Data

HM Revenue & Customs (HMRC) has published transparency data for senior officials' business expenses, hospitality, and meetings for the period of October to December 2025. This data includes information on senior responsible owners in the Government’s Major Projects Portfolio and their interactions with external individuals and organisations.

HMRC and VOA Workforce Management Information February 2026

HM Revenue & Customs (HMRC) and the Valuation Office Agency (VOA) have published their workforce management information for February 2026. This notice provides transparency data on departmental staff numbers and payroll costs, continuing a monthly reporting cycle.

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

HM Revenue & Customs has announced a reduction in the Making Tax Digital for Income Tax Self Assessment mandation threshold from £30,000 to £20,000, effective from April 2028. This change will extend digital record-keeping and quarterly submission requirements to a wider group of self-employed individuals and landlords.

Illinois DOR: 2026 Tax Processing Season Webinar Recordings Available

The Illinois Department of Revenue (IDOR) has made webinar recordings available for the 2026 tax processing season. These recordings cover topics such as Modernized E-File, Illinois Secure Choice, and various income and sales tax updates. The announcement also includes a scam alert regarding fraudulent communications impersonating IDOR.