Nomadic Tax Institute
Publicly sourced cross-border tax developments. Dates, status and scope are shown separately so they can be read in context.
2642 updates
Status requires verification
The IRS has released the tax year 2026 annual inflation adjustments for over 60 tax provisions, including tax rate schedules and other tax changes, as detailed in Revenue Procedure 2025-32.
Editorial impact label: High
Status requires verification
The IRS announced that interest rates will remain the same for the calendar quarter beginning October 1, 2025. For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily.
Editorial impact label: Low
Status requires verification
On October 21, 2025, the IRS announced that due to a lapse in appropriations, its operations are limited. However, all taxpayers must continue to meet their tax obligations as normal, as the underlying tax law remains in effect.
Editorial impact label: Medium
Status requires verification
On October 21, 2025, the IRS announced a lapse in appropriations, resulting in limited operations. Despite these limitations, tax laws remain in effect, and taxpayers are required to meet their obligations as usual.
Editorial impact label: Medium
Status requires verification
The IRS has extended tax relief for farmers and ranchers affected by drought in 49 states, the District of Columbia, and other regions that reported exceptional, extreme, or severe drought during any week between September 1, 2024, and August 31, 2025.
Editorial impact label: Medium
Status requires verification
The IRS extended tax relief for farmers and ranchers affected by drought in 49 states, the District of Columbia, and other regions that reported exceptional, extreme, or severe drought during any week between September 1, 2024, and August 31, 2025.
Editorial impact label: Medium
Status requires verification
The IRS has released the tax year 2026 annual inflation adjustments for more than 60 tax provisions, including tax rate schedules and other tax changes. These adjustments are detailed in Revenue Procedure 2025-32.
Editorial impact label: High
Proposed
The IRS has provided guidance listing occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill, including nearly 70 separate occupations from bartenders to water taxi operators.
Editorial impact label: Medium
Proposed
The Department of the Treasury and the IRS provided guidance listing occupations where workers customarily and regularly receive tips under the One, Big, Beautiful Bill. The proposed regulations list nearly 70 separate occupations of tipped workers.
Editorial impact label: Medium
Status requires verification
Notice 2025-57 (Oct 21, 2025) offers transition relief for 2025 for lenders and other recipients of interest on qualified passenger vehicle loans. Lenders need only provide a statement showing total interest received in calendar year 2025 to borrowers by Jan 31, 2026, via online portal, annual statement, or similar means. Penalties under sections 6721 and 6722 are waived if this is satisfied. Also introduces new deduction for qualified passenger vehicle loan interest in tax years after Dec 31, 2024, before Jan 1, 2029. Section 6050AA imposes reporting obligations on interest recipients of $600 or more. These changes affect car dealers, lenders, and individuals with such loan arrangements.
Editorial impact label: Medium
Status requires verification
The IRS announced that paper tax refund checks for individual taxpayers will be phased out beginning on September 30, 2025, as required by Executive Order 14247, marking the first step of the broader transition to electronic payments.
Editorial impact label: High
Status requires verification
The IRS has issued guidance offering deposit penalty relief for the first three quarters of 2026 to remittance transfer providers, in connection with the new excise tax imposed on certain remittance transfers under the One, Big, Beautiful Bill.
Editorial impact label: Medium
Status requires verification
A guidance issued via Notice 2025-57 (Oct 21, 2025) provides transitional relief for lenders and other interest recipients required to report car loan interest on qualified passenger vehicle loans in 2025 under OBBB. It specifies acceptable methods for furnishing statements (online portal, regular statements) and assures no penalties if those methods are used during 2025.
Editorial impact label: Medium
Status requires verification
The IRS has released the tax year 2026 annual inflation adjustments for over 60 tax provisions, including tax rate schedules and other tax changes. These adjustments are detailed in Revenue Procedure 2025-32.
Editorial impact label: High
Status requires verification
The IRS has released the annual inflation adjustments for over 60 tax provisions for the tax year 2026, including tax rate schedules and other tax changes. These adjustments are detailed in Revenue Procedure 2025-32.
Editorial impact label: High
Status requires verification
This notice provides relief for the first three calendar quarters of 2026 regarding the failure to deposit penalties imposed by section 6656 of the Internal Revenue Code as they relate to the remittance transfer excise tax.
Editorial impact label: Medium
Status requires verification
This notice provides interim guidance regarding the application of the Corporate Alternative Minimum Tax to domestic corporate transactions, financially troubled companies, and tax consolidated groups.
Editorial impact label: High
Status requires verification
The IRS issued Notice 2025-46, providing interim guidance on application of the Corporate AMT under OBBBA, particularly for domestic corporate transactions, financially troubled companies, and tax-consolidated groups. Implication: corporations should assess how AMT will affect their transactions and consolidated structures; remote and financially distressed businesses especially should consider impacts on deductions, timing, and group-level tax exposure.
Editorial impact label: Medium
Status requires verification
This notice provides relief for the first three calendar quarters of 2026 regarding the failure to deposit penalties imposed by section 6656 of the Internal Revenue Code as they relate to the remittance transfer excise tax imposed by section 4475.
Editorial impact label: Medium
Status requires verification
The IRS provided relief for individuals and businesses in Los Angeles County affected by wildfires that began on January 7, 2025, extending various deadlines to October 15, 2025.
Editorial impact label: High