IRS

The Internal Revenue Service has released updated Form 5498-SA, HSA, Archer MSA, or Medicare Advantage MSA Information. This form is used to report annual contributions, rollovers, fair market value, and taxpayer-specific information for these accounts, which are designed for the accumulation of funds for healthcare expenses, in association with high deductible health insurance plans. 

The Internal Revenue Service has posted the 2026 tax year version of Form 1042-S, Foreign Person’s U.S. Source Income Subject to Withholding. Form 1042-S is used by IRA custodians, trustees, and issuers to report payments to nonresident aliens, including distributions from IRAs and employer-sponsored retirement plans. 

The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration on December 19, 2025, for the following disasters.

• Kansas Severe Storms, Straight-line Winds, and Flooding, for the incident period July 17 - July 22, 2025.
• Montana Severe Storms and Flooding, for the period from December 10, 2025, and continuing.

The Internal Revenue Service released the 2026 Publication 15-A, Employer’s Supplemental Tax Guide (Supplement to Pub. 15, Employer’s Tax Guide). This publication, as a supplement to Publication 15, contains specialized and detailed employment tax information supplementing the basis information provided in Publication 15, including information for pensions and annuities. 

The Internal Revenue Service has released the 2026 tax year Form W-4R, Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions.

The Internal Revenue Service has released a draft 2026 Form 5498-QA, ABLE Account Contribution Information. This form is used when administering Achieving a Better Life Experience (ABLE) programs. ABLE accounts permit the accumulation of financial resources for the support of special needs individuals.

The Department of Labor’s Employee Benefits Security Administration (EBSA), the Internal Revenue Service (IRS), and the Pension Benefit Guaranty Corporation (PBGC) jointly released the 2025 Form 5500, Annual Return/Report of Employee Benefit Plan, the 2025 Form 5500-SF, Short Form Annual Return/Report of Small Employee Benefit Plan, and their respective instructions and schedules. 

The Internal Revenue Service has posted draft 2025 Instructions for Forms 1099-QA and 5498-QA, Distributions From ABLE Accounts and ABLE Account Contribution Information. 

The Internal Revenue Service has released a December 2025 version of Form 8915-F, Qualified Disaster Retirement Plan Distributions and Repayments. Form 8915-F is used to report certain qualified disaster distributions and repayments of qualified disaster distributions, including 2021 and later disasters.

The Federal Emergency Management Agency (FEMA) issued a Major Disaster Declaration on December 12, 2025, for Washington severe storms, straight-line winds, flooding, landslides and mudslides, for the incident period of December 9, 2025, and continuing.