Regs.gov: Internal Revenue Service

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.

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.

Proposed Rule on Tax-Exempt Refunding Bonds Guidance

The IRS has issued proposed regulations to update arbitrage rules for tax-exempt and tax-advantaged bonds. The proposal clarifies refunding overpayments, transferred proceeds, allocation limitations, defeasance notices, guarantee funds, and definitions of tax-exempt bonds and refunding issues. The proposed regulations affect issuers of tax-advantaged bonds.

Proposed IRS Rule on Trump Accounts

The IRS has issued proposed regulations concerning the establishment and administration of 'Trump accounts,' a new type of individual retirement account authorized by recent legislation. The proposed rules provide guidance on making elections to open these accounts and reserve further sections for additional guidance. The comment deadline for these proposed regulations is May 8, 2026.

IRS Proposed Rule: Digital Asset Broker Electronic Statements

The IRS has issued a notice of proposed rulemaking concerning digital asset brokers. The proposal offers an alternative method for brokers to obtain customer consent for electronic delivery of tax statements related to digital asset transactions, without requiring a paper alternative.

IRS Proposes Trump Accounts Contribution Pilot Program

The IRS has issued a Notice of Proposed Rulemaking concerning a new Trump accounts contribution pilot program. The program would allow eligible children born between 2025 and 2028 to receive a one-time $1,000 contribution to their Trump account. The proposed regulations provide guidance on making the election for this contribution.

IRS proposes removing partnership basis adjustment regulations

The IRS has proposed removing regulations that identified certain partnership related-party basis adjustment transactions as transactions of interest. This proposed rule would affect participants in these transactions and their material advisors. Comments are due by April 6, 2026.