Kworia News
Articles tagged compliance for United States
All paid tax return preparers must renew their Preparer Tax Identification Numbers (PTINs) by December 31, 2026, to remain compliant for the 2027 filing season. The IRS offers online renewal in 15 minutes or mail renewal via Form W-12 in about six weeks, with an $18.75 nonrefundable fee.
The IRS has issued guidance urging all individual taxpayers to adopt proactive tax planning habits throughout the year to streamline the 2027 filing season. This advisory emphasizes four key pillars: withholding verification, organized record-keeping, use of digital tools, and personal data security.
The IRS has set a mid-November 2026 deadline for taxpayers to enroll in the Identity Protection PIN program before its annual system blackout, affecting early 2027 filers.
The IRS's 2026 Cybersecurity Awareness Month campaign emphasizes year-round cybersecurity practices for taxpayers and professionals, including scam recognition, reporting mechanisms, and identity-protection tools. The guidance references the newly effective FTC Safeguards Rule MFA requirement for tax professionals, which took effect on September 19, 2026.
The U.S. Treasury and IRS proposed regulations restricting four refundable tax credits to citizens, nationals, and qualified aliens under PRWORA. The proposal introduces new immigration-status verification and declaration requirements, representing a significant expansion of PRWORA into individual income tax credit administration.
The IRS 2026 Security Summit established mandatory multifactor authentication (MFA) for tax preparation firms under the FTC Safeguards Rule, effective September 19, 2026. This regulatory obligation shifts MFA from a best practice to a compliance requirement, with firms facing liability for non-compliance.
The IRS warning IR-2026-112 highlights fraudulent "Tribal Tax Credits" schemes targeting Indigenous communities, emphasizing that these credits are not authorized by federal law and claiming them can result in severe penalties.
The IRS has launched a digitally authenticated Tax Compliance Report accessible through Individual Online Accounts as of September 14, 2026, enabling taxpayers to provide verifiable proof of tax compliance for job applications, loans, and benefits eligibility.
The IRS Nationwide Tax Forum in August 2026 revealed record metrics including 98% electronic refund delivery and an 11% average refund increase from Working Families Tax Cuts. Over 144 million income tax returns were processed, marking major progress in tax digitization and setting expectations for the 2027 filing season.
The IRS opened applications for the 2027 Compliance Assurance Process (CAP) on September 8, 2026, allowing eligible large corporations to resolve tax issues pre-filing through cooperative interaction with the IRS, reducing compliance uncertainty and post-filing disputes.
The IRS issued advisory IR-2026-104 reminding taxpayers to safeguard tax and financial records against disaster damage through waterproof storage and electronic copies. The advisory outlines relief mechanisms available during federally declared disasters, including automatic deadline extensions and access to tax records through digital portals.
Business confidence in digital tax initiatives is declining despite accelerating regulatory mandates globally. Over 80 countries now require e-invoicing by 2030, yet multinational corporations face challenges from fragmented standards, technical barriers, and organizational change management difficulties.
