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Tax year 2026 valid XML schemas and business rules for Form 8849 Modernized e-File (MeF).

June 23, 2025 ¡ª Earl Lamont Taylor was sentenced to six years in prison Monday and will be ordered to pay over half a million dollars in restitution to the Small Business Administration. Taylor went to trial in November and ultimately pled guilty to one count each of bank fraud and wire fraud while the jury was deliberating. He received almost $300,000 in fraudulent Paycheck Protection Program (PPP) COVID-19 loans.

June 23, 2025 ¡ª United States Attorney Gregory W. Kehoe announces the unsealing of an indictment charging Leo Joseph Govoni (Clearwater) and John Leo Witeck (Tampa) in connection with a fraud scheme that involved stealing more than $100 million from, and ultimately bankrupting, a nonprofit organization in Clearwater that managed funds for vulnerable individuals with special needs and disabilities.

June 24, 2025 ¡ª Today, U.S. District Judge Matthew J. Maddox sentenced David Godin, of Miami, Florida, aka ¡°James St Patrick,¡± ¡°David Wetty,¡± and ¡°Vic Pro,¡± to 78 months in federal prison, followed by three years of supervised release. Godin pled guilty to wire fraud and aggravated identity theft in connection with a scheme to defraud the Maryland Department of Labor (MD-DOL) and California Employment Development Department (CA-EDD).

IR-2025-71, June 25, 2025 ¡ª National Taxpayer Advocate Erin M. Collins today released her Fiscal Year 2026 Objectives Report to Congress,?highlighting a largely successful 2025 filing season while raising concerns about persistent refund delays for victims of identity theft, delays in processing Employee Retention Credit claims, and critical challenges facing taxpayers and the IRS as the agency prepares for the 2026 filing season.

Publication 6066, 48E(h) Successor-in-Interest Transfer Request User Guide is made available to taxpayers to help submit transfer applications for the Low-Income Communities Bonus Credit Amount program tax credit on an online portal developed between Department of Energy and IRS. This bonus energy credit was enacted under the Inflation Reduction Act of 2022.

Publication 6069, 48(e) Low-Income Communities Bonus Credit Program FAQs is made available to taxpayers to help submit applications for the Section 48(e) Low-Income Communities Bonus Credit Program on an online portal developed between Department of Energy and IRS. This bonus energy credit was enacted under the Inflation Reduction Act of 2022.

Topic No. 502, Medical and Dental Expenses

Your business structure determines which income tax return form you file. Consider legal and tax issues when selecting a business structure.

2025 XML schemas and business rules for Form 1041 Modernized e-File (MeF)