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Illinois Income Tax Changes and Scam Alert

The Illinois Department of Revenue (IDOR) issued a bulletin (FY 2026-15) detailing changes to 2025 Illinois Income Tax forms and schedules for individuals and businesses, and 2026 withholding tax forms. The bulletin also includes a scam alert regarding fraudulent communications impersonating IDOR.

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.

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 2026-10

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 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 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.

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.

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.