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Foreign Insurance Companies Asset Percentages, Yields 2026

IRS Rev. Proc. 2026-19 provides updated domestic asset/liability percentages and domestic investment yields for foreign insurance companies computing minimum effectively connected net investment income under section 842(b) of the Internal Revenue Code. For the first taxable year beginning after December 31, 2024, foreign life insurance companies use 128.2% and 2.1% yield; foreign property and liability insurance companies use 202.4% and 2.2% yield. Percentages are based on 2023 tax return data.

Foreign Insurance Companies Asset Percentages, Investment Yields 2026

Rev. Proc. 2026-19 provides updated domestic asset/liability percentages and domestic investment yields for foreign insurance companies to compute minimum effectively connected net investment income under IRC § 842(b) for taxable years beginning after December 31, 2024. Foreign life insurance companies use 128.2% and 2.1%; foreign property and liability insurance companies use 202.4% and 2.2%.

April 2026 Weighted Average Interest Rates, Yield Curves, and Segment Rates

The IRS published Notice 2026-26 providing the April 2026 segment rates used for single-employer and multiemployer pension plan funding calculations under IRC Sections 430 and 431. The document includes the March 2026 spot segment rates (first: 4.24%, second: 5.35%, third: 6.25%), the 24-month average segment rates for April 2026 (adjusted: first 4.75%, second 5.25-5.27%, third 5.84%), and the corporate bond yield curve for March 2026.

Housing Cost Amount Limitations for Foreign Earned Income Exclusion 2026

The IRS issued Notice 2026-25 providing adjusted limitations on housing expenses for qualified individuals claiming the foreign earned income exclusion under IRC Section 911 for tax year 2026. The notice updates location-specific housing cost limitations for expatriates, replacing the general $39,870 limitation with city-by-city amounts based on relative housing costs. For example, limitations range from $40,600 (Estonia Tallinn) to $114,300 (Australia Sydney) depending on location. The base housing amount for 2026 is $21,264.

Revenue Procedure 2026-14 - Qualified Opportunity Zone Nominations Procedure

The IRS issued Revenue Procedure 2026-14 to provide guidance to State CEOs on the procedural requirements for nominating population census tracts as Qualified Opportunity Zones (QOZs) for designation effective January 1, 2027. The guidance implements amendments made by Section 70421 of the One, Big, Beautiful Bill Act (OBBBA) to IRC Sections 1400Z-1 and 1400Z-2. Nominating authorities must follow the prescribed process to designate low-income community census tracts as QOZs.

Waiver of Estimated Tax Penalties for Farmers and Fishermen

The IRS issued Notice 2026-24 waiving estimated tax penalties under IRC § 6654 for qualifying farmers and fishermen for the 2025 taxable year. The waiver addresses delayed Form 8995 software updates—IRS corrected the form on January 27, 2026, but compliant software was unavailable until February 23, 2026. Qualifying taxpayers must file returns and pay full tax by March 2, 2026 (the extended deadline) to claim the penalty relief.

Advance Pricing Agreement Annual Report

The IRS APMA Program published its 27th annual report covering calendar year 2025. The program received 178 new APA applications and executed agreements covering 2,676 APAs. APMA maintains 108 staff across Washington DC, California, Florida, Boston, Chicago, Denver, New York City, and Seattle offices.

IRS Seeks Public Input on 2026-2027 Priority Guidance Plan

The IRS and Treasury Department are seeking public recommendations for guidance projects to be prioritized for the 2026-2027 fiscal year. The plan will identify tax issues to be addressed through regulations, rulings, and other administrative guidance, focusing on areas related to recent legislation and executive orders.

IRS Seeks Comments on Electronic Payee Statement Furnishing

The IRS and Treasury Department are seeking public comments on potential modifications to the requirements for electronically furnishing certain payee statements. This includes evaluating current rules for brokers and considering broader applicability to other persons required to furnish payee statements.

IRS Rev. Rul. 2026-07: 2026 Federal Income Tax Rates and AFRs

The IRS has released Revenue Ruling 2026-07, providing the applicable federal rates (AFRs) and adjusted AFRs for April 2026. These rates are used for various federal income tax purposes, including the determination of issue prices for certain debt instruments and calculations for low-income housing credits.