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PADILLA TAX AND ACCOUNTING LLC
Latest news releases
Create an IRS Individual Online Account today for security and convenience
IR-2026-21, Feb. 3, 2026 — The IRS encourages all taxpayers to create an IRS Individual Online Account to access their tax account information securely online and to help protect against identity theft and fraud.
Treasury, IRS issue proposed regulations on the clean fuel production credit under the One, Big, Beautiful Bill
IR-2026-20, Feb. 3, 2026 — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations for domestic producers of clean transportation fuel to determine their eligibility for and calculate the clean fuel production credit under the One, Big, Beautiful Bill.
IRS announces 2026 Tax Counseling for the Elderly and Volunteer Income Tax Assistance Program Grants
IR-2026-19, Jan. 30, 2026 — The Internal Revenue Service announced today the award of $53 million in Tax Counseling for the Elderly and Volunteer Income Tax Assistance grants to organizations that provide federal tax return preparation at no cost.
IRS requests applications for 2026 ETAAC membership
IR-2026-18, Jan. 29, 2026 — The Internal Revenue Service is accepting applications for the Electronic Tax Administration Advisory Committee through Feb. 28, 2026.
Tax Pros: Get Ready for the filing season and save time with Tax Pro Account; encourage clients to use their IRS individual online account
IR-2026-17, Jan. 29, 2026 — With the 2026 filing season fast approaching, the Internal Revenue Service encourages tax professionals to help their clients prepare now by sharing helpful tips and tools available at IRS.gov/GetReady.
Use online tools when claiming One, Big, Beautiful Bill tax advantages for families and education
IR-2026-16, Jan. 28, 2026 — The Internal Revenue Service encourages taxpayers to use online tools and take a few simple steps to prepare for claiming new and expanded tax benefits under the One, Big, Beautiful Bill. Families planning to claim the Child Tax Credit, the Adoption Credit, or pay for educational expenses should review these changes before filing.
National Taxpayer Advocate delivers Annual Report to Congress; finds taxpayer service was strong in 2025 but foresees challenges for taxpayers who encounter problems in 2026
IR-2026-15, Jan. 28, 2026 — National Taxpayer Advocate Erin M. Collins today released her 2025 Annual Report to Congress, finding that taxpayers generally fared well in their dealings with the IRS in 2025 and that most taxpayers are likely to have a smooth experience in 2026.
Taxpayer Advocate Service announces 2026 funding for Low Income Taxpayer Clinic grant recipients
IR-2026-14, Jan. 27, 2026 — The Taxpayer Advocate Service today announced the award of more than $22.5 million in matching grants to 145 qualified Low Income Taxpayer Clinics nationwide for the 2026 grant year, which runs from Jan. 1, 2026, to Dec. 31, 2026.
IRS issues frequently asked questions about Executive Order 14247: Modernizing Payments To and From America’s Bank Account
IR-2026-13, Jan. 27, 2026 — The Internal Revenue Service today issued frequently asked questions to help taxpayers, businesses, and other stakeholders understand the changes under Executive Order 14247: Modernizing Payment To and From America’s Bank Account.
IRS opens 2026 filing season
IR-2026-12, Jan. 26, 2026 — The Internal Revenue Service today opened the 2026 tax filing season and began accepting and processing federal individual income tax returns for tax year 2025.
IRS joins national partners to launch EITC Awareness Day
IR-2026-11, Jan. 23, 2026 — The Internal Revenue Service and partners nationwide today launched the annual Earned Income Tax Credit Awareness Day outreach campaign to help millions of eligible low-to- moderate-income, working Americans claim the Earned Income Tax Credit.
Treasury, IRS issue FAQs to address the new deduction for qualified overtime compensation under the One, Big, Beautiful Bill
IR-2026-10, Jan. 23, 2026 — The Department of the Treasury and the Internal Revenue Service today issued frequently asked questions in Fact Sheet 2026-01 related to the new deduction for qualified overtime compensation under the One, Big, Beautiful Bill.
Treasury, IRS: Supplemental basic allowance for housing payments to members of the military are not taxable
IR-2026-09, Jan. 16, 2026 — The Department of the Treasury and the Internal Revenue Service today confirmed that supplemental basic allowance for housing payments made to members of the uniformed services in Dec. 2025 are not to be included in income by those who received the payments; they are not taxable.
Treasury, IRS provide new safe harbor explanations for retirement plan administrators
IR-2026-08, Jan. 15, 2026 — The Department of the Treasury and the Internal Revenue Service today issued guidance for certain retirement plan administrators, updating safe harbor explanations to reflect tax law changes made after Aug. 6, 2020.
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.
Treasury, IRS issue guidance on the additional first year depreciation deduction amended as part of the One, Big, Beautiful Bill
IR-2026-06, Jan. 14, 2026 — The Department of the Treasury and the Internal Revenue Service today issued Notice 2026-11 that provides taxpayers with guidance on the permanent 100% additional first year depreciation deduction for eligible depreciable property acquired after Jan. 19, 2025, provided by the One, Big, Beautiful Bill.
Use IRS Free File to conveniently file your return at no cost
IR-2026-05, Jan. 9, 2026 — IRS Free File will begin accepting individual tax returns today, giving eligible taxpayers an early opportunity to prepare and file their federal income tax returns ahead of the official start of the 2026 filing season later this month.
IRS.gov resources can help answer questions about the One, Big, Beautiful Bill
IR-2026-04, Jan. 9, 2026 — Taxpayers may be able to take advantage of new deductions that could reduce taxable income and increase refunds due to the One, Big, Beautiful Bill, passed by Congress in July 2025.
IRS announces first day of 2026 filing season; online tools and resources help with tax filing
IR-2026-02, Jan. 8, 2026 — The Internal Revenue Service announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. This year, several new tax law provisions of the One, Big, Beautiful Bill become effective, which could impact federal taxes, credits and deductions.
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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