Issue Number: 2026-23
Inside This Issue
IRS announces temporary fuel reporting relief
The IRS is granting temporary relief from reporting requirements for certain fuel uses. This relief provides temporary flexibility in filing, reporting and recordkeeping requirements for certain fuel uses. Treasury and the IRS are evaluating simplified procedures for administering those requirements.
Business taxpayers should review the guidance to determine whether they qualify for the relief, and which requirements remain in effect. They should also continue to maintain appropriate records and follow federal tax rules to ensure compliance.
See the news release for details.
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Register now for upcoming Gig Economy webinar
Tax Outreach, Partnership and Education is hosting a webinar, Understanding Gig Economy, Nov. 12, 2 - 3 p.m. ET. Start times vary depending on the time zone. Anyone participating in gig economy can attend.
Visit the Understanding Gig Economy webpage to register.
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Treasury, IRS updates retirement and IRA correction programs
Treasury and the IRS have updated revenue procedures about corrections to employee retirement plans and Individual Retirement Accounts. These changes simplify and speed up the correction process for certain eligible retirement plans and IRA errors. This will help taxpayers avoid potential penalties and maintain compliance with federal tax laws.
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Start tax planning now to help simplify filing season
The IRS reminds taxpayers to plan and take steps now to make tax filing easier. By doing year-round planning business taxpayers can stay organized and prepare for filing season smoothly
There are many benefits to small businesses getting ahead with their filing preparation. For example, small business owners, self-employed taxpayers and gig-economy workers, whose income is not subject to withholding, may need to make quarterly estimated tax payments. By setting up and using Business Tax Account now, business taxpayers can pay those federal taxes electronically and review payment activity.
To learn more, visit the Business Tax Account page of irs.gov and a watch the overview video.
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IRS issues tax relief for Texas
Businesses and individuals affected by severe storms in Texas that began on July 14, 2026, now have until Feb. 1, 2027, to file various federal business and individual tax returns and make tax payments.
The IRS automatically identifies taxpayers located in covered disaster areas and applies filing and payment relief. Affected taxpayers, who reside or have a business located outside the disaster area covered, should call the IRS Special Services toll-free number at 866-562-5227 to request this tax relief.
Visit the Tax relief in disaster situations page on IRS.gov for the most recent information for taxpayers affected by a disaster.
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Other tax news
The following information may be of interest to individuals and groups in or related to small businesses:
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