e-News for Small Business Issue 2025-12

Trump Account elections, new settlement opportunity for conservation easement disputes, Look-back Interest Calculator, correction to Southeast Georgia disaster relief, business tax account renewals and more.

e-News for Small Business June 4, 2026 Issue Number:  2025-12 Inside This Issue View and submit Trump Account elections online Time-limited settlement opportunity for conservation easement disputes Now available: New Look-back Interest Calculator for long-term contracts Correction to disaster tax relief for Southeast Georgia Business Tax Account designated officials must renew registration Other tax news     View and submit Trump Account elections online Taxpayers can now view and submit Trump Account elections online through their IRS Individual Account. Using this secure tool, taxpayers can also view the status of a submitted Form 4547, Trump Account Elections. Visit trumpaccounts.gov for information about Trump Accounts.      Back to Top     Time-limited settlement opportunity for conservation easement disputes The IRS is offering a new settlement opportunity for eligible taxpayers involved in conservation easement or historic preservation easement disputes with the IRS. This new time-limited settlement opportunity is intended to advance the goals of the prior initiatives while addressing barriers that may have discouraged acceptance. Eligible partnerships will receive a letter from the IRS with specific terms and will have 135 days after the date of the letter to settle, cases will be determined by a court decision. This settlement is not available in cases that:  Have been tried and awaiting an opinion Are on appeal to one of the United States Circuit Courts of Appeal Have already settled Have agreed to be bound to another case Have a trial set to commence within 30 days of the date of this announcement Are designated as test cases, unless all bound cases have settled or agree to settle under this initiative For full details see the news release and visit the conservation easement page on IRS.gov.      Back to Top     Now available: New Look-back Interest Calculator for long-term contracts Businesses that work on large, multi-year construction or manufacturing projects can use the new Percentage-of-Completion Method Look-Back Interest Calculator to help them figure interest related to long-term contracts. This new tool supports calculations required for Form 8697, Interest Computation Under the Look-Back Method for Completed Long-Term Contracts. This tool doesn't address all fact patterns or complexities associated with look-back interest guarantee compliance with the law or replace authoritative guidance. Business taxpayers should ensure the calculations agree with applicable authorities, including Section 460 of the Internal Revenue Code and Treasury Regulations Section 1.460-6. Tax professionals should consider each business’s specific circumstances and ensure compliance. For full details see the news release. Users can share feedback about the calculator by emailing Stakeholder Liaison. Be sure to put "Look-Back Interest Workbook feedback" in the subject line.      Back to Top     Correction to disaster tax relief for Southeast Georgia The news release for announcing disaster tax relief for Southeast Georgia referenced the Federal Disaster Tax Relief Act of 2023, which doesn’t apply to any payments described in the announcement. Relief isn’t available for retirement plans or IRA distribution relief or disaster-related hardship withdrawal provisions Please see the “Other relief” section of the news release for additional information. Visit the tax relief in disaster situations page of IRS.gov for the most recent disaster tax relief info.       Back to Top     Business Tax Account designated officials must renew registration Business taxpayers registered as a designated official for an S or C corporation in Business Tax Account must revalidate their status between June 15 and July 29, 2026, to renew their role. Annual renewal is required to maintain access to Business Tax Account.      Back to Top     Other tax news The following information may be of interest to individuals and groups in or related to small businesses: A more detailed look at what the right to be informed means Eligible taxpayers may be able to resolve tax debt through an offer in compromise      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 06/03/2026
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 8849 (Schedule 6) Instructions for Schedule 6 (Form 8849), Other Claims Jun 2026 06/03/2026 Form 990 (Schedule D) Supplemental Financial Statements Dec 2026 06/03/2026 Form 8908 Energy Efficient Home Credit Dec 2026 06/03/2026 Form 1120-REIT U.S. Income Tax Return for Real Estate Investment Trusts 2026 06/03/2026 Form 940 (sp) Employer's Annual Federal Unemployment (FUTA) Tax Return (Spanish Version) 2026 06/03/2026 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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Recent Development for Tax Products

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Recent Developments for Tax Products 06/03/2026
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 Form 940 (sp) Employer's Annual Federal Unemployment (FUTA) Tax Return (Spanish Version) 2026 06/03/2026 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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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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Recent Development for Tax Products

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Recent Developments for Tax Products 06/03/2026
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 Form 8908 Energy Efficient Home Credit Dec 2026 06/03/2026 Form 1120-REIT U.S. Income Tax Return for Real Estate Investment Trusts 2026 06/03/2026 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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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

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Recent Developments for Tax Products 06/03/2026
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 Form 990 (Schedule D) Supplemental Financial Statements Dec 2026 06/03/2026 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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Recent Development for Tax Products

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Recent Developments for Tax Products 06/02/2026
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 8849 (Schedule 6) Instructions for Schedule 6, Form 8849 Other Claims Jun 2026 06/02/2026 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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IR-2026-71SP: No es demasiado tarde; use IRS Free File hoy mismo

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Consejos Tributarios del IRS 2 de junio 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	Edición Número:  IR-2026-71SP En Esta Edición No es demasiado tarde; use IRS Free File hoy mismo WASHINGTON — El Servicio de Impuestos Internos (IRS) les recuerda a los contribuyentes que no cumplieron con la fecha límite de presentación de impuestos que aún pueden presentar su declaración de impuestos federales de 2025 sin costo alguno a través del programa Free File del IRS. “Free File del IRS facilita a los contribuyentes el cumplimiento de sus obligaciones de presentación y la reclamación de valiosos créditos tributarios sin costo”, declaró Frank J. Bisignano, director ejecutivo del IRS. “A medida que continuamos transformando al IRS en una agencia con prioridad digital, herramientas como Free File del IRS ayudan a brindar una experiencia de presentación segura, conveniente y confiable para los contribuyentes”. Los contribuyentes elegibles —especialmente aquellos que habitualmente no presentan una declaración de impuestos— aún podrían calificar para recibir créditos tributarios o reembolsos que hayan pasado por alto. Más de 109 millones de contribuyentes son elegibles para recibir preparación de impuestos guiada y gratuita a través de Free File del IRS. Aquellos que no sean elegibles aún pueden presentar su declaración electrónicamente a través de los Formularios interactivos de Free File. El servicio Free File del IRS permanecerá disponible hasta el 15 de octubre. Free File del IRS ofrece software tributario guiado a través de socios de confianza, ayudando a los contribuyentes a presentar declaraciones precisas y a recibir sus reembolsos rápidamente. El programa proporciona opciones seguras, protegidas y fáciles de usar para presentar los impuestos desde casa. Beneficios clave de Free File del IRS: Presentación sin costo: Los contribuyentes con un ingreso bruto ajustado de $89,000 o menos pueden usar software de preparación de impuestos guiado para presentar su declaración de impuestos federales y, en la mayoría de los casos, su declaración estatal de forma gratuita. Aquellos que superen este umbral pueden presentar sus impuestos electrónicamente a través de los Formularios interactivos de Free File. Socios de confianza: Los proveedores de software tributario, verificados por el IRS, ofrecen opciones seguras. Uno de los socios ofrece servicios en español y varios ofrecen la presentación gratuita de declaraciones de impuestos estatales para los contribuyentes que cumplan los requisitos. Cada socio ofrece servicio de atención al cliente. Fácil y seguro: La guía paso a paso incluye verificaciones de errores integradas. Reembolsos rápidos: Presentar la declaración electrónicamente y elegir el depósito directo ayuda a los contribuyentes a recibir sus reembolsos con mayor rapidez. El IRS anima a los contribuyentes a aprovechar este servicio gratuito antes de la fecha límite del 15 de octubre. Para comenzar, visite Free File del IRS: Haga sus impuestos gratuitamente en IRS.gov. 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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