e-News for Small Business Issue 2026-15

New Automatic Exemption from Penalty process, Safe harbor for Trump Accounts, Summer Security Summit series, Business Tax Accounts, Allowable Living Expenses and more

e-News for Small Business July 15, 2026 Issue Number:  2026-15 Inside This Issue IRS introduces automatic penalty relief for eligible taxpayers Safe harbor provided for certain Trump Account contributions IRS launches summer security series: Protect Your Clients; Protect Yourself Business Tax Account has new features Allowable Living Expense updated for 2026 Other tax news IRS introduces automatic penalty relief for eligible taxpayers The IRS is making it easier for eligible small businesses and individual taxpayers to receive penalty relief with a new Automatic Exemption from Penalty process launching this summer. The new process automatically provides relief to taxpayers with a history of filing and paying on time and applies to eligible tax year 2025 and 2026 quarterly returns, as well as future tax periods. Under AEP, taxpayers qualify if they have a history of timely filing their return and paying any tax due in the three prior years or 12 consecutive quarters for quarterly returns. Taxpayers who qualify will automatically receive relief from common penalties like failure-to-file, failure-to-pay and failure-to-deposit. If eligible, the IRS will automatically apply AEP and send the taxpayer a notice confirming the relief was granted. The IRS will begin phasing out First Time Abate this summer, with AEP fully replacing it for eligible returns due on or after Jan. 1, 2027. Businesses and individual taxpayers who don't qualify for AEP can request penalty relief based on reasonable cause. See Penalty relief for reasonable cause for more information on this option. Information returns and returns filed only in response to specific transactions or infrequent events, such as Form 706, U.S. Estate Tax Return or Form 709, Gift Tax Return, generally aren’t eligible for AEP.      Back to Top     Safe harbor provided for certain Trump Account contributions Treasury and IRS are providing a gift tax reporting safe harbor for certain contributions to Trump accounts. Under this safe harbor, it’s easier for employers to participate in Trump Account programs by reducing concerns around gift tax reporting for individual contributions, making the impact administrative rather than financial. Employers can contribute up to $2,500 annually to an employee's Trump Account or the employee's dependent's Trump Account. Since employer contributions generally are excluded from the employee's taxable income, the safe harbor reduces compliance concerns and uncertainty about gift tax reporting. For individuals, if certain requirements are met, contributions made by individual donors to Trump accounts each year won’t be subject to gift tax reporting requirements for that year. See Revenue Procedure 2026-25 for more information about the safe harbor. To sign up for a Trump Account visit trumpaccounts.gov.      Back to Top     IRS launches summer security series: Protect Your Clients; Protect Yourself The IRS and Security Summit partners recently launched the summer “Protect Your Clients; Protect Yourself” campaign. This is a five-week series highlighting practical steps tax professionals can take to protect client data, their businesses, and themselves from evolving tax-related identity theft threats. This year’s summer campaign focuses on emerging scams aimed at tax professionals, core security safeguards, and steps to take if a data theft occurs. Highlights of the remaining weeks include: Phishing, spear phishing, whaling and the “Security Six.” This week highlights phishing scams and what the scams might look like and the “Security Six” protections to combat these directed attacks. Create a security plan. This week details the Written Information Security Plan that tax pros must have to keep customer and business information safe and secure. Tools to help Protect Your Clients; Protect Yourself. This week will cover multi-factor authentication, Identity Protection PINs, IRS Online Accounts, Tax Pro Accounts, and other resources to safeguard taxpayers’ information. Signs of identity theft and reporting theft. The final week of the summer series focuses on the most common security threat: identity theft.      Back to Top     Business Tax Account has new features BTA is self-service online tool that allows authorized users to access and manage their federal tax records and information online. New BTA features include: Access to an expanded library of digital IRS notices Ability to download an EIN verification notice Ability to submit Offer in Compromise payments For more information about these new features, who can use BTA and how, read the fact sheet.      Back to Top     Allowable Living Expense updated for 2026 The IRS recently updated the Allowable Living Expense standards for 2026. These are the basic living expenses taxpayers can claim when resolving delinquent tax debt. These standard allowances provide consistency and fairness in collection determinations by incorporating average cost of necessities for taxpayers in similar geographic areas.      Back to Top     Other tax news The following information may be of interest to individuals and groups in or related to small businesses: Tips for businesses hiring seasonal or part-time employees Final regulations on certain Charitable Remainder Annuity Trusts      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 07/14/2026
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 8027 Instructions for Form 8027, Employer's Annual Information Return of Tip Income and Allocated Tips 2026 07/14/2026 Form W-4 (sp) Employee's Withholding Certificate (Spanish Version) 2027 07/14/2026 Instruction 7206 Instruction 7206 Self-Employed Health Insurance Deduction 2026 07/14/2026 Form 9465 Installment Agreement Request Dec 2026 07/14/2026 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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Recent Development for Tax Products

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Recent Developments for Tax Products 07/14/2026
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 Form 9465 Installment Agreement Request Dec 2026 07/14/2026 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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Recent Development for Tax Products

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Recent Developments for Tax Products 07/14/2026
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 Form W-4 (sp) Employee's Withholding Certificate (Spanish Version) 2027 07/14/2026 Instruction 7206 Instruction 7206 Self-Employed Health Insurance Deduction 2026 07/14/2026 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 14 de julio 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 2026-55SP En Esta Edición Cambios de vida importantes que pueden afectar presentación de impuestos Hay varios tipos de eventos importantes que pueden afectar los requisitos de presentación de un contribuyente, beneficios tributarios y la retención de impuestos. Ya sea contraer matrimonio, recibir a un hijo, divorcio o la pérdida de un ser querido, todo esto puede impactar su situación tributaria. Estos son los cambios de vida más comunes y un resumen de sus efectos.  Matrimonio Casarse puede afectar el estado civil tributario de un contribuyente, la retención de impuestos y elegibilidad para ciertos beneficios tributarios. Las parejas recién casadas deben reportar cualquier cambio de nombre a la Administración del Seguro Social y cualquier cambio de dirección (en inglés) al Servicio Postal de los EE. UU. al igual que a sus empleadores y al IRS. También deben revisar su retención de impuestos y actualizar su Formulario W-4 con su empleador, si es necesario.  Nacimiento o adopción de un hijo  Recibir a un nuevo hijo puede resultar en que el contribuyente sea elegible para beneficios tributarios como el Crédito tributario por hijos, el Crédito por adopción o el Crédito por cuidado de hijos y dependientes (en inglés). Existen requisitos de elegibilidad individuales para cada tipo de crédito. El padre o contribuyente debe tener un número de Seguro Social al igual que el hijo para ser elegible.  Divorcio o separación legal El divorcio o la separación legal afecta el estado civil tributario, retención de impuestos, quién puede reclamar a dependientes y la elegibilidad para ciertos créditos y deducciones. Puede que el contribuyente tenga que actualizar su Formulario W-4 si ocurren cambios de ingresos, retención y estado civil tributario.  Muerte de un cónyuge o miembro de familia  La muerte de un cónyuge o ser querido (en inglés) puede afectar los requisitos de presentación y estado civil tributario. Por lo general, la última declaración de impuestos de una persona fallecida debe de presentarse de la misma manera que si la persona viviera. Todo tipo de ingreso debe de reportarse hasta la fecha de muerte al igual de reclamar cualquier crédito o deducción elegible.  Después de cualquier cambio de vida importante, los contribuyentes deben revisar su retención de impuestos, actualizar su información personal y guardar documentos importantes. Las herramientas y recursos en línea en IRS.gov pueden ayudar a contribuyentes a entender cómo estos cambios pueden afectar sus impuestos y prepararlos para la próxima temporada de impuestos.  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 07/14/2026
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 8027 Instructions for Form 8027, Employer's Annual Information Return of Tip Income and Allocated Tips 2026 07/14/2026 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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Recent Development for Tax Products (Daily Summary)

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Recent Development for Tax Products – Daily 07/13/2026
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 Form 944-X (sp) Adjusted Employer's ANNUAL Federal Tax Return or Claim for Refund (Spanish Version) Apr 2027 07/13/2026 Form 8404 Interest Charge on DISC-Related Deferred Tax Liability Dec 2026 07/13/2026 Form 8854 Initial and Annual Expatriation Information Statement 2026 07/13/2026 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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