US: IRS reminds taxpayers of free Direct Pay option for federal taxes
The Internal Revenue Service has announced, on 10 September 2026, that Direct Pay provides a free alternative for settling federal tax obligations directly through bank accounts. The platform operates on IRS.gov without requiring user registration
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US: IRS, Treasury propose new foreign source Section 951A income, FDDEI deductions rules
The US Internal Revenue Service (IRS) and Treasury Department have issued a notice of proposed rulemaking titled Allocation and Apportionment of Deductions to Foreign Source Section 951A Category Income and Deduction Eligible Income, published in
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US: IRS issues 2026 clean fuel production tax credit guidance
The US Internal Revenue Service (IRS) announced on 8 September 2026 that it issued Notice 2026-53, providing the 2026 emissions rate table for calculating the clean fuel production credit, along with additional guidance on the credit. Notice
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US: IRS opens 2027 application window for corporate tax compliance programme
The US Internal Revenue Service (IRS) announced on 8 September 2026 the opening of applications for the 2027 Compliance Assurance Process (CAP) programme, with submissions due by 30 October 2026. Notification of acceptance decisions will follow
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US implements broad bans on Canadian imports as trade dispute intensifies
The US has prohibited imports of Canadian alcoholic beverages, motorcycles, and dairy products, effective 29 September 2026, according to notices published on the White House website on 8 September 2026. The bans cover spirits including whisky,
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US: IRS extends tax deadlines for Indiana taxpayers affected by severe storms
The US Internal Revenue Service (IRS) announced tax relief on 2 September 2026 following FEMA's disaster declaration for Indiana counties affected by severe storms, straight-line winds, tornadoes, and flooding that struck on 11 August
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US: IRS urges taxpayers and tax professionals to strengthen identity theft safeguards
The US Internal Revenue Service (IRS) has issued a release on 4 September 2026 urging tax professionals and taxpayers to strengthen safeguards against tax-related identity theft. The release clarified that tax professionals and taxpayers should
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US: NYC extends pied-à-terre tax exemption deadline to October
New York’s Department of Finance (DoF) has pushed back the application deadline for exemptions from New York City's non-primary residence surcharge commonly referred to as the "pied-à-terre tax" to 6 October 2026. This represents the second
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Canada enacts retaliatory tariffs on US imports as trade negotiations collapse
Canada has enacted retaliatory tariffs today, 8 September 2026, just after midnight, covering nearly USD 28 billion in US goods. Prime Minister Mark Carney authorised the measures after negotiations between Ottawa and Washington stalled in the
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US: IRS urges taxpayers, businesses to safeguard financial records
The US Internal Revenue Service (IRS) has issued guidance during National Preparedness Month encouraging taxpayers to protect essential tax and financial records before emergencies occur on 3 September 2026. According to Frank J. Bisignano, IRS
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US: IRS announces benefits of expanded online services
The US Internal Revenue Service (IRS), in a release on 28 August 2026, encouraged taxpayers to explore the growing number of IRS.gov online tools that can help them quickly and securely take care of common tax tasks. IRS.gov offers secure,
See MoreUS: IRS urges extension filers to submit 2025 tax returns using IRS Free File
The US Internal Revenue Service (IRS) has issued a release urging taxpayers who received filing extensions to use IRS Free File to submit their 2025 federal tax returns as soon as possible, ahead of the 15 October 2026 deadline. IRS Free File
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US: Treasury, IRS consults proposed immigration-status restrictions on refundable tax credits
The US Department of the Treasury and the Internal Revenue Service (IRS) proposed regulations (REG-119882-25) on 20 August 2026 that would extend federal immigration-status restrictions to the refundable portions of four tax credits. The proposed
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US: IRS retires FIRE system, requires transition to IRIS before 2027 tax season
The US Internal Revenue Service (IRS), in a release on 24 August 2026, has reminded information return filers who currently use the Filing Information Returns Electronically (FIRE) system to prepare now for the system’s retirement and transition
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US: Treasury, IRS propose regulations to reshape CFC income inclusion rules among US shareholders
The US Treasury and the IRS have proposed regulations (REG-115646-25) establishing rules for allocating a controlled foreign corporation’s (CFC) subpart F income, tested income, and tested loss among US shareholders based on their respective
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US: IRS urges foreign filers to register for TCC ahead of 2027 filing season
The US Internal Revenue Service (IRS) has released Issue No. 2026-08, urging eligible foreign filers to register for a Foreign Filer Transmitter Control Code (TCC) ahead of the 2027 filing season on 19 August 2026. The registration provides
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Canada announces retaliatory tariffs, CAD 7.5 billion support package to mitigate impact from US
Following the US imposition of a 50% tariff on USD 27.6 billion of Canadian goods effective 22 August, Canada has announced retaliatory tariffs on around USD 20 billion worth of annual US imports on 25 August 2025 alongside support measures for
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US: Trump administration escalates tariff threat on Canadian automotive sector
President Donald Trump announced plans to impose 50% tariffs on all vehicles, trucks, and automotive parts originating from Canada, effective 1 January 2027, following the collapse of trade negotiations on 21 August 2026. Treasury Secretary Scott
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