IRS Advisory Council issues Annual Report

IR-2026-07, Jan. 14, 2026 — The Internal Revenue Service Advisory Council today issued its annual public report, offering recommendations to the IRS on a range of new and continuing issues in tax administration.

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Treasury, IRS issue proposed regulations reflecting changes from the One, Big, Beautiful Bill to the threshold for backup withholding on certain payments made through third parties

IR-2026-03, Jan. 8, 2026 — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations that would revise the threshold for when certain third-party settlement organizations are required to perform backup withholding to comply with changes made in the One, Big, Beautiful Bill.

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