Issue Number: 2026-05 Inside This Issue
Extended weekday and Saturday hours at Taxpayer Assistance Centers
More than 200 taxpayer Assistance Centers nationwide now have extended weekday and Saturday hours through April 30. These hours give taxpayers additional time to receive in-person tax assistance. In addition to expanded weekday hours, many TACs will also be open on select Saturdays through June 2026. During these special Saturday hours, taxpayers can access all regularly available TAC services except for making cash payments. For more information about Saturday hours, visit IRS.gov/Saturday hours. Taxpayers can use the TAC locater tool to see if extended hours are available in their area. Check the websites regularly as availability may change without notice. Back to top
IRS seeks public input on proposed regulations for Trump Accounts
Treasury and the IRS are providing guidance on proposed regulations These accounts, created under One Big, Beautiful Bill, are new type of individual retirement account for children. The guidance includes: - General requirements
- Certain definitions relating to Trump Accounts
- Rules to open a Trump Account
- Rules for party responsible for the account, once it's open
Businesses and individuals can submit their comments on all aspects of these proposed regulations through the Federal eRulemaking Portal on IRS.gov, by May 8, 2026. For more information, see the news release or visit the One Big, Beautiful Bill provisions page on IRS.gov. Back to top
Adoption Tax Credit FAQs available for Indian tribal governments
Under the One, Big, Beautiful Bill taxpayers who adopt a child with special needs may be eligible for an Adoption Tax Credit for certain adoption expenses. Treasury and the IRS recently provided frequently asked questions to help Indian tribal governments make special needs determination for the Adoption Tax Credit. OBBB changes to the credit include: - For tax year 2025, it's refundable up to $5,000, indexed for inflation.
- The non-refundable portion of the credit can be carried forward for a maximum of 5 years.
- Equal treatment for Indian tribal governments by recognizing determinations of special needs made by both state government and Indian tribal governments for purposes of the credit.
For more information, see the news release or the Adoption Expenses page on IRS.gov. Back to top
New Schedule 1-A and instructions published to use to claim deductions from OBBB
The One, Big, Beautiful Bill added tax benefits allowing taxpayers to deduct tax on tips, overtime, tax car loans, and has a new deduction for seniors. To help taxpayers claim the correct amounts for these new deductions, IRS has published a new Schedule 1-A and instructions, included in the Form 1040 Instructions. The instructions explain: - How to determine the amount of qualified tips.
- How certain workers claim a deduction for overtime compensation.
- How taxpayers can claim a deduction for car loan interest.
- The enhanced deduction for seniors.
For details see the news release or One, Big, Beautiful Bill Provisions on IRS.gov. Back to top
IRS announces the 2026 Dirty Dozen Tax Scams
National Slam the Scam Day on Mar 5 marked the release of the IRS' 2026 Dirty Dozen. This is a list of tax scams that threaten the tax and financial information of taxpayers, businesses, and tax professionals, particularly during filing season. A notable change to this year's list is abusive undistributed long-term capital gains claims. The IRS continues to see an increase in overstated or fabricated claims tied to Form 2439, Notice to Shareholder of Undistributed Long-Term Capital Gains. For details about each scam on the list, visit the Recognize tax scams and fraud page on IRS.gov. Businesses and taxpayers should be cautious year-round because criminals are always looking for ways to get money and personal information. Back to top
New IRS online tool for reporting suspected tax-related illegal activities
IRS.gov/SubmitATip is new webpage and online reporting tool that allows taxpayers and businesses to report suspected tax fraud, scams, evasion, or other tax-related illegal activities confidentially using a smartphone, tablet, or computer.
This tool consolidates IRS fraud-reporting options into a centralized location. It uses clear prompts and a simplified reporting process to help ensure information is routed to the appropriate IRS office.
The tool is located on the IRS.gov homepage by selecting "Report Fraud" from the top navigation bar.
Please report suspected tax-related wrongdoing as soon as possible to help the IRS address it. For more on this tool see the news release. Back to top
Registration open for 2026 IRS Nationwide Tax Forum
Tax professionals can now register for the 2026 IRS Nationwide Tax Forums, coming this summer to Chicago, New Orleans, New York, Orlando and San Diego. These forums give attendees an opportunity to earn up to 18 continuing education credits, get the latest tax law and IRS procedure updates and discuss emerging issues. For more information including dates, early bird specials and highlights of what's planned, see the news release. Back to top
Other tax news
The following information may be of interest to business and individual and groups in or related to small businesses: Back to top
    
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