Texas Storm Tax Relief: IRS Extends Filing and Payment Deadlines to February 1, 2027
The IRS has extended federal tax deadlines to February 1, 2027, for individuals and businesses in 62 Texas counties affected by July 2026 storms. Learn which 2025 tax returns, 2026 estimated payments, business filings, and IRS penalties qualify for relief, and which obligations remain due under the normal rules.
2026 Form 1099 Rules: New Thresholds and the End of IRS FIRE
The 2026 Form 1099 reporting rules increase the general threshold for contractor payments to $2,000. Businesses also face the retirement of the IRS FIRE system and a transition to IRIS for the 2027 filing season. Review the reporting exceptions, deadlines, electronic filing requirements, and California obligations.