e-News for Small Business Issue 2026-23

Fuel reporting relief, Gig Economy webinar, updated retirement plan correction procedures, prepare now for filing season, disaster tax relief and other news

e-News for Small Business November 4, 2026 Issue Number:  2026-23 Inside This Issue IRS announces temporary fuel reporting relief Register now for upcoming Gig Economy webinar Treasury, IRS updates retirement and IRA correction programs Start tax planning now to help simplify filing season IRS issues tax relief for Texas Other tax news     IRS announces temporary fuel reporting relief The IRS is granting temporary relief from reporting requirements for certain fuel uses. This relief provides temporary flexibility in filing, reporting and recordkeeping requirements for certain fuel uses. Treasury and the IRS are evaluating simplified procedures for administering those requirements. Business taxpayers should review the guidance to determine whether they qualify for the relief, and which requirements remain in effect. They should also continue to maintain appropriate records and follow federal tax rules to ensure compliance. See the news release for details.      Back to Top     Register now for upcoming Gig Economy webinar Tax Outreach, Partnership and Education is hosting a webinar, Understanding Gig Economy, Nov. 12, 2 - 3 p.m. ET. Start times vary depending on the time zone. Anyone participating in gig economy can attend. Visit the Understanding Gig Economy webpage to register.      Back to Top     Treasury, IRS updates retirement and IRA correction programs Treasury and the IRS have updated revenue procedures about corrections to employee retirement plans and Individual Retirement Accounts. These changes simplify and speed up the correction process for certain eligible retirement plans and IRA errors. This will help taxpayers avoid potential penalties and maintain compliance with federal tax laws.      Back to Top     Start tax planning now to help simplify filing season The IRS reminds taxpayers to plan and take steps now to make tax filing easier. By doing year-round planning business taxpayers can stay organized and prepare for filing season smoothly There are many benefits to small businesses getting ahead with their filing preparation. For example, small business owners, self-employed taxpayers and gig-economy workers, whose income is not subject to withholding, may need to make quarterly estimated tax payments. By setting up and using Business Tax Account now, business taxpayers can pay those federal taxes electronically and review payment activity. To learn more, visit the Business Tax Account page of irs.gov and a watch the overview video.      Back to Top     IRS issues tax relief for Texas Businesses and individuals affected by severe storms in Texas that began on July 14, 2026, now have until Feb. 1, 2027, to file various federal business and individual tax returns and make tax payments. The IRS automatically identifies taxpayers located in covered disaster areas and applies filing and payment relief. Affected taxpayers, who reside or have a business located outside the disaster area covered, should call the IRS Special Services toll-free number at 866-562-5227 to request this tax relief. Visit the Tax relief in disaster situations page on IRS.gov for the most recent information for taxpayers affected by a disaster.      Back to Top     Other tax news The following information may be of interest to individuals and groups in or related to small businesses: IRS achieved historic performance in 2026 for American taxpayers, efficiently delivering new tax benefits to working families IRS reminder: Take steps now to protect tax information Trick or treat? Don’t get tricked by tax credit scammers Frank Bisignano Donates to Trump Accounts for Children in Brooklyn, NY      Back to Top Thank you for subscribing to e-News for Small Business an IRS email service. This message was distributed automatically from the mailing list e-News for Small Business. Please Do Not Reply To This Message RECEIVE TEXT MESSAGES FROM THE IRS! Did you know you can now receive IRS bulletins directly on your mobile phone? Stay informed wherever you are with convenient text message updates. Some IRS topics like IRS Newswire and QuickAlerts are available for text subscription, giving you faster access to important information through a new, easy-to-use communication channel. Additional topics will be added throughout the year, expanding the information you can receive by text. Opt-in today to start receiving IRS text message bulletins and stay connected on the go. To subscribe to or unsubscribe from another list, please go to the e-News Subscriptions page on the IRS website. Tax Resources for Small Business Small Business Self-Employment Center Small Business Forms & Instructions Small Business Tax Workshops, Meetings and Seminars Webinars for Small Businesses E-file Employment Tax Forms Businesses with Employees Self-Employed Individuals Tax Center S Corporations Other Resources IRS Home Page A-Z Index for Business Forms, Instructions & Publications Filing Your Taxes Pay Online Taxpayer Advocate Service Retirement Plans for Small Entities and Self-Employed Tax Information for Charities and Other Non-Profits State Government Websites SSA/RS Reporter IRS Social Media

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Recent Development for Tax Products (Daily Summary)

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Recent Development for Tax Products – Daily 11/03/2026
Tax Products Topics Forms & Publications All Tax Products Draft Tax Products Help with forms and instructions Post-release changes to tax forms, instructions, and publications Comments on Tax Forms, and Publications IRS Resources Taxpayer Bill of Rights Contact My Local Office File your tax return Newsroom Let us help you Taxpayer Advocate Service Where to File	The Following Early Release(s) have been posted Early Releases are draft versions of tax forms, instructions, and publications. Do not file draft forms and do not rely on information in draft instructions or publications. Product Title Rev. Date Posted Instruction CT-1 Instructions for Form CT-1, Employer's Annual Railroad Retirement Tax Return 2026 11/03/2026 Publication 571 Tax-Sheltered Annuity Plans (403(b) Plans) For Employees of Public Schools and Certain Tax-Exempt Organizations Jan 2027 11/03/2026 Publication 590-B Distributions from Individual Retirement Arrangements (IRAs) 2026 11/03/2026 Instruction 1065 (Schedule K-3) Partner's Instructions for Schedule K-3 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. - International (For Partner's Use Only) 2026 11/03/2026 Instruction 8835 Instructions for Form 8835, Renewable Electricity Production Credit 2026 11/03/2026 Back to Top Thank you for subscribing to Recent Development for Tax Products, an IRS e-mail service. This message was distributed automatically from the mailing list Recent Development for Tax Products. Please Do Not Reply To This Message.

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Consejos Tributarios del IRS 3 de noviembre de 2026
Esenciales de Noticias Noticias en Español Consejos Tributarios del Cuidado de Salud Oficina de Prensa Fraudes Tributarios Alrededor de la Nación Temas de Interés IRS.gov/Español   Consejos Tributarios Centro Multimediático Hojas de Datos Recursos del IRS Medios Sociales y el IRS Contacto de Mi Oficina Local Formularios e Instrucciones Defensor del Contribuyente Los Derechos del Contribuyente	Consejo tributario del IRS 2026-79SP En Esta Edición ¿Va a comprar un vehículo nuevo? Los intereses del préstamo para automóvil podrían calificar para una deducción de impuestos Esta es una época del año en la que muchas personas compran un vehículo nuevo. Lo que quizás no sepan es que esta compra podría calificar para un beneficio tributario. Bajo la Reducción de impuestos para las familias trabajadora (en inglés), los contribuyentes podrían deducir los intereses de su préstamo para automóvil si cumplen con ciertos requisitos de elegibilidad. Repasemos los requisitos básicos para esta deducción. ¿Quién puede reclamar la deducción? La deducción está disponible tanto para los contribuyentes que detallan sus deducciones como para quienes no las detallan. Se debe incluir el número de identificación del vehículo (VIN, por sus siglas en inglés) en la declaración de impuestos de cada año en que se reclame la deducción. La deducción anual máxima es de $10,000 y se reduce gradualmente para los contribuyentes cuyo ingreso bruto ajustado modificado supere los $100,000 ($200,000 para quienes presentan una declaración conjunta). ¿Qué vehículos califican? El vehículo puede ser un automóvil, una miniván, un vehículo utilitario deportivo (SUV, por sus siglas en inglés), una camioneta tipo pickup o una motocicleta. Además, el vehículo debe: Tener una clasificación de peso bruto vehicular de menos de 14,000 libras. Haber pasado por el ensamblaje final en los Estados Unidos. Ser nuevo. Los vehículos usados no califican. Maneras de verificar el ensamblaje final La etiqueta informativa adherida al vehículo en el concesionario. El número de identificación del vehículo. El decodificador de VIN de la Administración Nacional de Seguridad del Tráfico en las Carreteras (NHTSA (en inglés), para verificar el lugar de ensamblaje del vehículo. ¿Qué intereses califican? Los intereses deben haberse pagado sobre un préstamo que: Se haya obtenido después del 31 de diciembre de 2024. Se haya utilizado para comprar un vehículo que califique y que sea usado por el contribuyente. Esté garantizado por un gravamen sobre el vehículo. Sea para uso personal y no comercial. Sea para un vehículo de uso personal (no comercial). Los arrendamientos no califican. Si posteriormente se refinancia un préstamo para un vehículo que califica, los intereses pagados sobre la cantidad refinanciada generalmente califican. Más información Publicación 6126, ¿Compró un vehículo nuevo? (en inglés)? PDF  Back to top         Gracias por suscribirse a Consejos Tributarios en Español del IRS, un servicio de correo electrónico del IRS. Para obtener más información sobre los impuestos federales, por favor visite la página de internet IRS.gov. Este mensaje fue distribuido automáticamente de la lista de correos electrónicos de Consejos Tributarios en Español del IRS. Por favor no responda a este mensaje.

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Recent Development for Tax Products

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Recent Developments for Tax Products 11/03/2026
Tax Products Topics Forms & Publications All Tax Products Draft Tax Products Help with forms and instructions Post-release changes to tax forms, instructions, and publications Comments on Tax Forms, and Publications IRS Resources Taxpayer Bill of Rights Contact My Local Office File your tax return Newsroom Let us help you Taxpayer Advocate Service Where to File	The Following Early Release(s) have been posted Early Releases are draft versions of tax forms, instructions, and publications. Do not file draft forms and do not rely on information in draft instructions or publications. Product Title Rev. Date Posted Publication 590-B Distributions from Individual Retirement Arrangements (IRAs) 2026 11/03/2026 Instruction 1065 (Schedule K-3) Partner's Instructions for Schedule K-3 (Form 1065), Partner's Share of Income, Deductions, Credits, etc. - International (For Partner's Use Only) 2026 11/03/2026 Instruction 8835 Instructions for Form 8835, Renewable Electricity Production Credit 2026 11/03/2026 Back to Top Thank you for subscribing to Recent Development for Tax Products, an IRS e-mail service. This message was distributed automatically from the mailing list Recent Development for Tax Products. Please Do Not Reply To This Message.

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Tax Tip 2026-79: Purchasing a new vehicle? Car loan interest could be eligible for a tax deduction

IRS Tax Tips Nov. 3, 2026 Issue Number: Tax Tip 2026-79 Purchasing a new vehicle? Car loan interest could be eligible for a tax deduction Now is a popular time of year for people to purchase a new vehicle. What they might not know is that this new purchase could qualify for a tax benefit. Under the Working Family Tax Cuts, taxpayers may be able to deduct their car loan interest, if certain eligibility criteria are met. Let’s go over the basic qualifications for this deduction. Who can claim the deduction? The deduction is available for both itemizing and non-itemizing taxpayers. The VIN must be included on the tax return for any year the deduction is claimed. The maximum annual deduction is $10,000 and phases out for taxpayers with modified adjusted gross income over $100,000 ($200,000 for joint filers). What vehicles qualify? The vehicle type can include a car, minivan, SUV, pick-up truck, or motorcycle. Additionally, the vehicle must: Have a gross vehicle weight rating of less than 14,000 pounds Have undergone final assembly in the United States Be new. Used vehicles do not qualify Ways to verify final assembly The information label attached to the vehicle at the dealership The vehicle identification number The National Highway Traffic Safety Administration, NHTSA VIN Decoder (verify vehicle assembly location) What interest qualifies? Interest must be paid on a loan that: Was originated after Dec. 31, 2024 Was used to purchase a qualifying vehicle used by the taxpayer Was secured by a lien on the vehicle Was for personal use and not for business use Was for a personal use (non-business) vehicle Leases are not eligible. If a qualifying vehicle loan is later refinanced, interest paid on the refinanced amount is generally eligible. More information Publication 6126-Purchased a new vehicle? Subscribe to IRS Tax Tips Back to top         Thank you for subscribing to IRS Tax Tips, an IRS e-mail service. For more information on federal taxes please visit IRS.gov. RECEIVE TEXT MESSAGES FROM THE IRS! Did you know you can now receive IRS bulletins directly on your mobile phone? Stay informed wherever you are with convenient text message updates. Some IRS topics like IRS Newswire and QuickAlerts are available for text subscription, giving you faster access to important information through a new, easy-to-use communication channel. Additional topics will be added throughout the year, expanding the information you can receive by text. Opt-in today to start receiving IRS text message bulletins and stay connected on the go. This message was distributed automatically from the IRS Tax Tips mailing list. Please Do Not Reply To This Message. Useful Links: IRS.gov Help For Hurricane Victims News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams/Consumer Alerts The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News IRS Resources Contact Your Local IRS Office Filing Your Taxes Forms & Instructions Frequently Asked Questions Taxpayer Advocate Service Where to File IRS Social Media

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