US Taxes News

Tuesday, September 15, 2026

IR-2026-110: IRS announces extension of tax relief for farmers and ranchers affected by drought in 49 states, other regions

IRS Newswire

September 15, 2026

Issue Number: IR-2026-110

Inside This Issue

IRS announces extension of tax relief for farmers and ranchers affected by drought in 49 states, other regions

IR-2026-110, Sept. 15, 2026

WASHINGTON − The Internal Revenue Service today issued guidance that provides an extension of tax relief for farmers and ranchers in most states and other regions who sold or exchanged livestock because of drought conditions. Under the guidance, those affected may take more time to replace their livestock and defer tax on any gains from the forced sales or exchanges.

“Large swaths of the United States continue to experience drought conditions, distressing hard-working American farmers and ranchers,” said IRS Chief Executive Officer Frank J. Bisignano. “By extending relief for those who sell or exchange livestock, the IRS is providing much needed support to those who feed our nation.”

Notice 2026-54 lists the specified areas, by county or other jurisdiction, that qualify for federal assistance. The list includes 49 states, the District of Columbia, Puerto Rico, and other areas that reported exceptional, extreme or severe drought during the 12-month period ending on Aug. 31, 2026.

The tax relief generally applies to capital gains realized by eligible farmers and ranchers from sales or exchanges of livestock held for draft, dairy or breeding purposes. Sales of other livestock - such as those raised for slaughter or held for sporting purposes – and sales of poultry do not qualify.

Eligible farmers and ranchers must show that drought prompted the sales or exchanges, and that the area received a federal drought designation. Generally, livestock must be replaced within a four-year period, instead of the usual two-year period. The IRS is authorized to further extend this replacement period if the drought persists.

The replacement period extension announced in the notice gives eligible farmers and ranchers until the end of their first tax year after the first drought-free year after the four-year replacement period to replace the sold or exchanged livestock. As a result, eligible farmers and ranchers whose drought-sale replacement period was scheduled to expire at the end of 2026 will have until the end of their next tax year to replace the sold or exchanged livestock.

The IRS provides this extension to eligible farmers and ranchers if the applicable region is listed as suffering exceptional, extreme or severe drought conditions during any week between Sept. 1, 2025, and Aug. 31, 2026. This determination is made by the National Drought Mitigation Center.

Details and an example of how this provision works can be found in Notice 2006-82, available on IRS.gov.

More information on reporting drought sales and other farm-related tax issues can be found in Publication 225, Farmer’s Tax Guide, available on IRS.gov.

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No. 2026-11: FINAL REMINDER ALERT: QI (including QDD), WP, WT Application Deadline for 2026

Qualified Intermediaries News

September 15, 2026

Issue Number: 2026-11

FINAL REMINDER ALERT: QI (including QDD), WP, WT Application Deadline for 2026

This Alert provides the deadline for all Qualified Intermediary (QI) (including Qualified Derivatives Dealer), Withholding Foreign Partnership (WP) and Withholding Foreign Trust (WT) applications for the 2026 year.

All applicants that want to have an agreement in effect for 2026 must submit their applications through the Qualified Intermediary, Withholding Foreign Partnership, Withholding Foreign Trust Application & Account Management System (QAAMS) no later than September 30, 2026 to allow sufficient time for processing by year end.

If required for chapter 4 purposes, applicants must have obtained a GIIN prior to submitting their applications. See section 2.22 of the QI Agreement in Rev. Proc. 2022-43, or section 12.01(A) of the WP or WT Agreement in Rev. Proc. 2017-21 for the effective date of an agreement for a new applicant.

Please note that applications submitted after September 30, 2026 will not be processed. Prospective applicants, unable to submit an application before the September 30, 2026 deadline, should wait until January 1, 2027 to submit the application for the 2027 year.

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FATCA Home

Monday, September 14, 2026

IRS updates public key for FATCA filing

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FATCA News & Information

September 14, 2026

Issue Number: 2026-11

IRS updates public key for FATCA filing

As you are aware, the public/private key pairs used for encryption for FATCA filings have an expiration date. The IRS Public Key for FATCA filing will expire soon. The IRS has a new key and will replace the existing key on Wednesday, September 24, 2026, at 9:00 am EDT.

After September 24, 2026, at 9:00 am EDT, you will need to download the new IRS Public Key from IDES to file your FATCA Reports.

As a reminder, when purchasing a new digital certificate or replacing one that is about to expire, IDES only recognizes and accepts digital certificates issued by IRS approved Certificate Authorities (CA).

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Tax Tip 2026-69: Estimated taxes aren’t just for the self-employed

IRS Tax Tips

Sept. 14, 2026

Issue Number: Tax Tip 2026-69

Estimated taxes aren’t just for the self-employed

Typically, people who are self-employed pay their federal income tax by making estimated tax payments. However, they aren’t the only ones that may need to pay estimated tax. Federal income tax is a pay-as-you-go tax. Which means the tax must be paid as income is earned or received during the year. The two ways federal taxes are paid are either through withholding or estimated tax.

Taxpayers who receive income from sources not subject to withholding or don’t have enough withheld, may have to make estimated tax payments. The next estimated tax payment due date is Sept. 15. Let’s take a closer look at who may have to pay estimated tax to ensure they are meeting their tax obligations.

Who may pay estimated tax
Self-employed individuals typically pay their tax this way. Even if a taxpayer isn’t self-employed, they still may have to pay estimated tax if they receive income from sources such as:

Interest
Dividends
Alimony
Capital gains
Royalties
Rents
Prizes and awards

Generally, individuals, including sole proprietors, partners, and S corporation shareholders, must make estimated tax payments if they expect to owe tax of $1,000 or more when their return is filed. Estimated tax is used to pay not only income tax but other taxes such as self-employment tax and alternative minimum tax.

Ways to pay
Taxpayers can pay online, use Form 1040-ES and pay by mail, or by phone. Additionally, individuals can pay through their IRS Individual Online Account, where they can also see their payment history and other tax records.
Businesses can now make most common business tax payments, including estimated taxes and federal tax deposits, through their Business Tax Account or Direct Pay for businesses.

Most taxpayers who make estimated tax payments pay on a quarterly basis. However, they can also be made weekly, bi-weekly, monthly, etc. if they have paid enough in by the end of the quarter. Visit IRS.gov/payments to view all the options. For additional information, refer to Publication 505, Tax Withholding and Estimated Tax.

Avoid penalties
Taxpayers who didn’t pay enough tax during the year, either through withholding or by making estimated tax payments, may have to pay a penalty. Generally, the IRS can figure this penalty for them.

Knowing the requirements and paying on time is key to avoiding any penalties.

More information

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Scheduled Maintenance for the Affordable Care Act Information Returns (AIR) System

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QuickAlerts for Electronic ACA Information Returns

September 14, 2026

Subject: Scheduled Maintenance for the Affordable Care Act Information Returns (AIR) System

The scheduled maintenance window will begin on Tuesday, September 22, 2026, at 5:00 P.M. Eastern Time.

The AIR Production and ACA Assurance Testing System (AATS) environments will be unavailable due to scheduled maintenance from Tuesday, September 22, 2026, at 5:00 P.M. Eastern Time until Thursday, September 24, 2026, at 8:00 P.M. Eastern Time.

Please do not attempt to access the AIR Production or AATS environments via the Application to Application (A2A) and User Interface (UI) Channels during the maintenance period.

Please monitor the AIR System Operational Status page for any updates.

We apologize for any inconvenience this may cause.

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