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IRS raises standard mileage rates for remainder of 2026

For the second half of the year, the business rate rose by 3.5 cents to 76 cents per mile and increased 3 cents to 23.5 cents per mile for medical and moving purposes.

IRS designates certain CRAT arrangements as listed transactions

Final regulations target arrangements that the IRS says improperly use charitable remainder annuity trusts and annuities to eliminate ordinary income and capital gain on the sale of property.

Eligible taxpayers to get automatic IRS penalty relief

Under the new automatic exemption from penalty system, which replaces first-time abatement, eligible taxpayers will no longer have to request penalty relief that the IRS says has been routinely granted.

IRS offers gift tax safe harbor for contributions to Trump accounts

The guidance sets forth conditions for contributions to qualify for the annual exclusion and for donors to avoid filing gift tax returns.

IRS outlines AI risks, Circular 230 duties for tax practitioners

The IRS warned that artificial intelligence risks require practitioners to verify results and follow existing regulations on diligence, competence, and confidentiality.

Advocate: IRS had strong filing season for online taxpayers, weaker one for others

The national taxpayer advocate’s Fiscal Year 2027 Objectives Report tonCongress says improved technology helped then IRS handle most refunds smoothly, but taxpayers needing individualized help endured processing delays.