Taxx Now 2

05/04/2026

Actions clients should take if they missed April filing and payment deadline

Clients who missed the April 15 filing deadline should submit their federal tax return as soon as possible. If they owe taxes, filing now will help avoid additional penalties and interest.

Requesting an extension allows for additional time to file but not to pay taxes owed. Interest and penalties will continue to accrue on the owed taxes until the balance is paid in full.

If a client can't afford to pay the full amount of taxes owed, they should still file a tax return and pay as much as possible.

Clients may qualify for penalty relief if they have filed and paid timely for the past three years and meet other important requirements. For more information, see the administrative penalty relief page on IRS.gov.

If the IRS owes the client a refund, there's no penalty for filing after April 15. Taxpayers who choose not to file a tax return because they don't earn enough to meet the filing requirement may miss out on receiving a refund due to potential refundable tax credits, such as the Earned Income Tax Credit and Child Tax Credit.

A small plant pictured. Text: ‘Penalties and interest grow. File as soon as you can if you missed the April tax deadline.’ IRS logo also displayed.

Pay your taxes. Get your refund status. Find IRS forms and answers to tax questions. We help you understand and meet your federal tax responsibilities.

04/23/2026

Individuals and businesses in Tennessee affected by Winter Storm Fern that began on Jan. 22, 2026, have until May 22, 2026, to file various federal individual and business tax returns and make tax payments.

The IRS automatically identifies taxpayers located in covered disaster areas and applies filing and payment relief. But affected taxpayers who reside or have a business located outside the covered disaster area should call the IRS Special Services toll-free number at 866-562-5227 to request this tax relief.

The Tax relief in disaster situations page on IRS.gov has the most recent tax relief info for taxpayers affected by a disaster.

Pay your taxes. Get your refund status. Find IRS forms and answers to tax questions. We help you understand and meet your federal tax responsibilities.

04/22/2026

Treasury and IRS recently issued final regulations on the “No Tax on Tips” deduction. These regulations list more than 70 occupations from tipped workers, to bartenders and water taxi operators.

Qualified tips must meet these requirements:

Must be received from customers through a mandatory or voluntary tip-sharing arrangement
Must be paid voluntarily by the customer and not subject to negotiation
Doesn’t include service charges unless the customer has an option to disregard or modify the service charge
Taxpayers can only take the deduction for qualified tips included on Form W-2, Form 1099-NEC, Form 1099-MISC, Form 1099-K, or reported on Form 4137.

Gig workers and other self-employed individuals may qualify for this deduction if their job is on the approved list of tip-earning occupations and they meet the other requirements. Additionally, the new law limits the deduction for self-employed individuals to their net income.

For more information about the One, Big, Beautiful Bill, visit the provisions page on

Pay your taxes. Get your refund status. Find IRS forms and answers to tax questions. We help you understand and meet your federal tax responsibilities.

04/21/2026

Taxpayers living outside the United States now have a new and faster way to get help with transcripts and amended returns, IRS has launched a live text chat, a no-cost alternative to the traditional toll telephone line, for international taxpayers. If you are a taxpayer with specific individual or business account questions, text chat is available Monday through Friday, 6 a.m. to 11 p.m. and accessible at Contact My Local Office Internationally.

The chat service can assist with answers about:

Statues of amended returns
Amended return process timeline
Help with requesting a transcript
For help with specific questions about your account, you will need to verify your identity using ID ME.

04/17/2026

More Americans who owe back taxes are rushing to settle their tax debts before the April deadline. For many, this is the last chance to reduce or even eliminate their tax debt before facing hefty penalties.

04/17/2026

04/10/2026

Tax Tip 2026-25 March 26, 2026 — Before filing a federal tax return, taxpayers should make sure they have the necessary and correct documents.

04/10/2026

Time is running out to claim $1.2 billion in refunds for tax year 2022

Over 1.3 million people across the nation have unclaimed refunds for tax year 2022. Tax professionals should advise clients that the deadline is April 15 to submit tax year 2022 tax returns to claim a refund.

The IRS estimates that approximately $1.2 billion in refunds remain unclaimed for taxpayers who have not filed their Form 1040 federal income tax return for the 2022 tax year.

Under the law, taxpayers usually have three years to file and claim their tax refunds. If they do not file within three years, the money becomes the property of the U.S. Treasury.

Tax professionals should also remind clients seeking a 2022 tax refund that those clients’ funds may be held if they have not filed tax returns for 2023 and 2024.

See the recent news release for more information, including the number of taxpayers potentially eligible for these refunds and the estimated median refund amount by state.

04/09/2026

New provisions in the One, Big, Beautiful Bill lessen tax burden for gig economy workers.
Here are the notable changes that affect gig economy workers.

No tax on tips deductions: Eligible gig economy workers can deduct up to $25,000 in qualified tips based on filing status from their taxable income from tax year 2025 through 2028\
Permanent Qualified Business Income deduction: This deduction is now permanent and allows eligible workers to plan long term to maximize benefits. Certain tip income may be excluded when computing QBI.
Form 1099-K and the increased reporting threshold: Third party payment platforms must issue a Form 1099-K if the payments made during the calendar year is more than $20,000 and more than 200 transactions. Taxpayers must report all income when they file their tax return regardless of whether they receive a Form 1099-K or other information return
Bonus depreciation: The law allows 100% bonus depreciation on certain assets acquired after Jan. 19, 2025. This allows gig workers who buy certain qualifying property solely for use in their business.
Visit the One, Big, Beautiful Bill Provision on IRS.gov for more information.

Pay your taxes. Get your refund status. Find IRS forms and answers to tax questions. We help you understand and meet your federal tax responsibilities.