Recent Development for Tax Products (Daily Summary)

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Recent Development for Tax Products – Daily 05/21/2026
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 2106 Employee Business Expenses 2026 05/21/2026 Form 945-X Adjusted ANNUAL Return of Withheld Federal Income Tax or Claim for Refund Feb 2027 05/21/2026 Form 944-X Adjusted Employer's ANNUAL Federal Tax Return or Claim for Refund Apr 2027 05/21/2026 Form 941-X Adjusted Employer's QUARTERLY Federal Tax Return or Claim for Refund Apr 2027 05/21/2026 Form CT-1X Adjusted Employer's Annual Railroad Retirement Tax Return or Claim for Refund Apr 2027 05/21/2026 Form 943-X Adjusted Employer's Annual Federal Tax Return for Agricultural Employees or Claim for Refund Apr 2027 05/21/2026 Form 943 (Schedule R) Allocation Schedule for Aggregate Form 943 Filers Apr 2027 05/21/2026 Form 941 (Schedule R) Allocation Schedule for Aggregate Form 941 Filers Apr 2027 05/21/2026 Form 1065 (Schedule K-1) Partner's Share of Income, Deductions, Credits, etc. 2026 05/21/2026 Form 8874 New Markets Credit Dec 2026 05/21/2026 Form 1040 (Schedule SE) Self-Employment Tax (Schedule SE) 2026 05/21/2026 Form 7211 Clean Electricity Production Credit Dec 2026 05/21/2026 Form 1040 (Schedule C) (sp) Profit or Loss From Business (Sole Proprietorship) (Spanish Version) 2026 05/21/2026 Form 1040 (Schedule H) (sp) Household Employment Taxes (Spanish Version) 2026 05/21/2026 Form 945-X Adjusted ANNUAL Return of Withheld Federal Income Tax or Claim for Refund Feb 2027 05/21/2026 Form 5074 Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands. 2026 05/21/2026 Form 8610 Annual Low-Income Housing Credit Agencies Report 2026 05/21/2026 Form 8993 Section 250 Deduction for Foreign-Derived Deduction Eligible Income (FDDEI) and Net CFC Tested Income (NCTI) Dec 2026 05/21/2026 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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This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535

Recent Development for Tax Products

Having trouble viewing this email? View it as a Web page.                                                                                                                                                

Recent Developments for Tax Products 05/21/2026
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 8993 Section 250 Deduction for Foreign-Derived Deduction Eligible Income (FDDEI) and Net CFC Tested Income (NCTI) Dec 2026 05/21/2026 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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Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need your email address to log in. If you have questions or problems with the subscription service, visit subscriberhelp.govdelivery.com. This service is provided to you at no charge by the Internal Revenue Service (IRS).

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This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535

Recent Development for Tax Products

Having trouble viewing this email? View it as a Web page.                                                                                                                                                

Recent Developments for Tax Products 05/21/2026
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 945-X Adjusted ANNUAL Return of Withheld Federal Income Tax or Claim for Refund Feb 2027 05/21/2026 Form 5074 Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands. 2026 05/21/2026 Form 8610 Annual Low-Income Housing Credit Agencies Report 2026 05/21/2026 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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Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need your email address to log in. If you have questions or problems with the subscription service, visit subscriberhelp.govdelivery.com. This service is provided to you at no charge by the Internal Revenue Service (IRS).

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This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535

Recent Development for Tax Products

Having trouble viewing this email? View it as a Web page.                                                                                                                                                

Recent Developments for Tax Products 05/21/2026
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 8874 New Markets Credit Dec 2026 05/21/2026 Form 1040 (Schedule SE) Self-Employment Tax (Schedule SE) 2026 05/21/2026 Form 7211 Clean Electricity Production Credit Dec 2026 05/21/2026 Form 1040 (Schedule C) (sp) Profit or Loss From Business (Sole Proprietorship) (Spanish Version) 2026 05/21/2026 Form 1040 (Schedule H) (sp) Household Employment Taxes (Spanish Version) 2026 05/21/2026 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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Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need your email address to log in. If you have questions or problems with the subscription service, visit subscriberhelp.govdelivery.com. This service is provided to you at no charge by the Internal Revenue Service (IRS).

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Tax Tip 2026-42: Homeowners should review any tax benefits for homeownership

IRS Tax Tips May 21, 2026 Issue Number: Tax Tip 2026-42 Homeowners should review any tax benefits for homeownership The year is nearly half over which makes it a good time to remind homeowners and future homeowners to review their eligibility for any tax deductions, programs and housing allowances. If eligible, these tax benefits could help with some of the common costs of being a homeowner. Deductible house-related expenses Taxpayers must itemize their deductions to deduct homeownership expenses. Most home buyers take out a mortgage to buy their home, and their mortgage lender may bundle other home-related costs. The costs the homeowner can deduct are: State and local real estate taxes, subject to a $40,000 limit or $20,000 if married filing separately Home mortgage interest, within the allowed limits Homeowners can't deduct any of the following items: Insurance including fire and comprehensive coverage and title insurance The amount applied to reduce the principal of the mortgage Wages paid to domestic help Depreciation The cost of utilities, such as gas, electricity or water Most settlement or closing costs Forfeited deposits, down payments or earnest money Internet or Wi-Fi system or service Homeowners’ association fees, condominium association fees or common charges Home repairs Mortgage Interest Credit The Mortgage Interest Credit helps people with lower income afford homeownership. Those who qualify can claim the credit each year for part of the home mortgage interest paid. A homeowner may be eligible for the credit if they were issued a qualified Mortgage Credit Certificate from their state or local government. Ministers and military housing allowance Ministers and members of the uniformed services who receive a nontaxable housing allowance can still deduct their real estate taxes and home mortgage interest. They don't have to reduce their deductions based on the allowance. More information Publication 530, Tax Information for Homeowners Publication 936, Home Mortgage Interest Deduction 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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This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535

Recent Development for Tax Products

Having trouble viewing this email? View it as a Web page.                                                                                                                                                

Recent Developments for Tax Products 05/21/2026
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 1065 (Schedule K-1) Partner's Share of Income, Deductions, Credits, etc. 2026 05/21/2026 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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Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need your email address to log in. If you have questions or problems with the subscription service, visit subscriberhelp.govdelivery.com. This service is provided to you at no charge by the Internal Revenue Service (IRS).

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This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535

Recent Development for Tax Products

Having trouble viewing this email? View it as a Web page.                                                                                                                                                

Recent Developments for Tax Products 05/21/2026
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 2106 Employee Business Expenses 2026 05/21/2026 Form 945-X Adjusted ANNUAL Return of Withheld Federal Income Tax or Claim for Refund Feb 2027 05/21/2026 Form 944-X Adjusted Employer's ANNUAL Federal Tax Return or Claim for Refund Apr 2027 05/21/2026 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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Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need your email address to log in. If you have questions or problems with the subscription service, visit subscriberhelp.govdelivery.com. This service is provided to you at no charge by the Internal Revenue Service (IRS).

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This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535