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Expansion gives millions of entities access to business tax accounts

The IRS said it is opening the online, self-service accounts to partnerships; Indian tribal governments; tax-exempt organizations; and federal, state, and local governments.

IRS tapped Inflation Reduction Act funds to cover 2025 filing season, watchdog says

The Treasury Inspector General for Tax Administration found the IRS spent $4.8 billion in Inflation Reduction Act funds, which were intended to supplement its annual appropriation, on labor and IT to keep last year’s tax season on track.

IRS watchdog cites resource limits, duplication in partnership audits

The Treasury Inspector General for Tax Administration assessed a soft-letter initiative and the IRS’s examinations of 82 major U.S. partnerships.

IRS provides guidance on business interest limitation elections

The guidance in Rev. Proc. 2026-17 is provided in response to amendments to Secs. 163(j) and 168(k) by the law known as the One Big Beautiful Bill Act, H.R. 1, P.L. 119-21.

Adequate identification relief extended through 2026

The relief allows taxpayers to use alternative methods to make adequate identification of digital asset units that are sold, disposed of, or transferred during the relief period.