IRS Fact Sheet 2026-14 sets the Section 163(j) small business exemption at $32 million for 2026. The rolling three-year test means you can move in and out of it.
The first Form 1099-DA reports gross proceeds only. Businesses that accept or hold crypto need their own basis records before December 31.
The IRS added digital notices, CP575 EIN verification, and installment and Offer in Compromise payments to Business Tax Account on August 6, 2026.
TIGTA says IRS exam revenue dropped 35% and audit staffing fell 27% in fiscal 2025. Here's why weaker enforcement doesn't lower your recordkeeping risk.
The IRS will shut off the FIRE e-filing system Nov. 19, 2026. Every information-return filer must move to IRIS and get a new TCC first.
The IRS Business Tax Account got new Summer 2026 features: EIN verification letters, digital notices, and payments. Why small businesses should use it.
The IRS is replacing First-Time Abate with automatic penalty relief for businesses with a clean 3-year filing history. Here's how it works.
The IRS has expanded its Direct Pay tool to businesses, giving companies a way to send most federal tax payments straight from a bank account for free — no EFTPS enrollment, no waiting period, no third-party processor fee. What happened According to the IRS, Direct Pay for Businesses now covers a wide range of federal...
Tens of millions of taxpayers who paid penalties or missed refunds during the COVID-19 pandemic have until July 10, 2026 to file a protective refund claim, according to the National Taxpayer Advocate. The deadline traces back to a court ruling that found the IRS had been shortchanging the disaster-relief postponement period Congress built into the...
Who Can’t Use Direct File? Unfortunately, not everyone qualifies for Direct File. You’re ineligible if: Your wages exceed $200,000 (or $168,600 if you had more than one employer). You’re filing as Married Filing Jointly, and your spouse’s wages are over $200,000 (or $168,600 with multiple employers). Combined wages for you and your spouse are more...