EncryptInvoice News
Articles tagged tax for United States
The IRS's 2026 Cybersecurity Awareness Month campaign emphasizes year-round cybersecurity practices for taxpayers and professionals, including scam recognition, reporting mechanisms, and identity-protection tools. The guidance references the newly effective FTC Safeguards Rule MFA requirement for tax professionals, which took effect on September 19, 2026.
The IRS has published Notice 2026-53 with updated guidance on Section 45Z Clean Fuels Production Tax Credit, excluding ILUC emissions from calculations and restricting eligible feedstocks to those produced in the U.S., Mexico, or Canada. The notice provides compliance flexibility for biofuel producers while final regulations remain under development.
The U.S. Treasury and IRS proposed regulations restricting four refundable tax credits to citizens, nationals, and qualified aliens under PRWORA. The proposal introduces new immigration-status verification and declaration requirements, representing a significant expansion of PRWORA into individual income tax credit administration.
The IRS 2026 Security Summit established mandatory multifactor authentication (MFA) for tax preparation firms under the FTC Safeguards Rule, effective September 19, 2026. This regulatory obligation shifts MFA from a best practice to a compliance requirement, with firms facing liability for non-compliance.
The IRS warning IR-2026-112 highlights fraudulent "Tribal Tax Credits" schemes targeting Indigenous communities, emphasizing that these credits are not authorized by federal law and claiming them can result in severe penalties.
The IRS's free Direct Pay tool allows individuals and businesses to make federal tax payments online without fees or third-party intermediaries. The tool supports same-day or advance scheduling up to 365 days, with transaction limits under $10 million, representing the agency's push toward digital tax modernization.
IRS Notice 2026-54 extends drought relief for farmers by increasing the livestock replacement period from two to four years. Effective September 16, 2026, the relief covers 49 U.S. states and federally designated regions experiencing drought, with additional grace periods if conditions persist. Only livestock held for draft, dairy, or breeding qualifies.
The IRS has launched a digitally authenticated Tax Compliance Report accessible through Individual Online Accounts as of September 14, 2026, enabling taxpayers to provide verifiable proof of tax compliance for job applications, loans, and benefits eligibility.
The IRS Nationwide Tax Forum in August 2026 revealed record metrics including 98% electronic refund delivery and an 11% average refund increase from Working Families Tax Cuts. Over 144 million income tax returns were processed, marking major progress in tax digitization and setting expectations for the 2027 filing season.
The IRS issued advisory IR-2026-104 reminding taxpayers to safeguard tax and financial records against disaster damage through waterproof storage and electronic copies. The advisory outlines relief mechanisms available during federally declared disasters, including automatic deadline extensions and access to tax records through digital portals.
Business confidence in digital tax initiatives is declining despite accelerating regulatory mandates globally. Over 80 countries now require e-invoicing by 2030, yet multinational corporations face challenges from fragmented standards, technical barriers, and organizational change management difficulties.
