IRS begins adoption-credit refunds for more than 50,000 taxpayers
The IRS says a limited 2025 adjustment may make some earlier adoption-credit carryforwards refundable, subject to eligibility rules.
Internal Revenue Service
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Treasury Corrects Proposed Trump Account Tax Rule
A Federal Register correction fixes the hearing date and regulatory text for a proposed Trump Account rule. The tax treatment is not final.
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IRS warns donors about fake charities and inflated donation appraisals
A July 28 IRS warning urges taxpayers to verify charities, preserve donation records and watch for scams involving cash appeals, property valuations and hard-to-reverse payments.
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IRS to phase in automatic penalty relief for taxpayers with timely histories
The IRS says a new automatic process will begin phasing in during summer 2026 for eligible taxpayers with three years of timely filing and payment history.
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Treasury and IRS prepare regulations for $1 million compensation tax at nonprofits
Treasury and the IRS say they intend to propose regulations for a new excise tax involving compensation above $1 million and excess parachute payments at tax-exempt organizations.
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IRS Expands Business Tax Account Access to Tax-Exempt Organizations
The IRS says tax-exempt organizations can now use its Business Tax Account, while new guidance sets annual information requirements for central organizations with subordinate groups.
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IRS releases 2022-23 state and county migration data as U.S. population shifts continue
The Internal Revenue Service has released state and county migration data covering calendar years 2022-23, offering a new federal source for examining where Americans moved.
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IRS Requires Central Nonprofits to Use New Annual Group-Ruling Form
The IRS says central organizations covered by group exemption rulings must begin using Form 15644 for annual submissions about affiliated subordinate organizations.