IRS

The Internal Revenue Service (IRS) has issued Form 4547, Trump Account Election(s), and accompanying Instructions.

The Internal Revenue Service has released an updated Form 8881, Credits for Small Employer Pension Plan Startup Costs, Contributions, Auto-Enrollment, and Military Spouse Participation, and an updated draft Instructions for Form 8881, Credits for Small Employer Pension Plan Startup Costs, Contributions, Auto-Enrollment, and Military Spouse Participation.

The Internal Revenue Service (IRS) has issued Revenue Procedure (Rev. Proc.) 2026-4, which includes updates to determination letter submission procedures and user fees associated with Employee Plans Rulings and Agreements.

The Internal Revenue Service (IRS) is requesting comments regarding information being collected on new Form 4547, Trump Account Election(s), and new Form 8879-TA.

The Internal Revenue Service has issued a new Publication 15-B, Employer’s Tax Guide to Fringe Benefits, for use in 2026.

The Internal Revenue Service (IRS) has released Instructions for Form 8915-F, Qualified Disaster Retirement Plan Distributions and Repayments.

The Internal Revenue Service has posted Instructions for Forms 1099-SA and 5498-SA, Distributions From an HSA, Archer MSA, or Medicare Advantage MSA, and HSA, Archer MSA, or Medicare Advantage MSA Information.

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.