Internal Revenue Service
Federal agency responsible for regulations under Internal Revenue Service.
76 regulationsUpdating Regulation References to Reflect Reorganizations at the Department of Justice and the Internal Revenue Service
The IRS is updating its rules to reflect recent changes in how the Department of Justice and the IRS have reorganized their internal departments. This is essentially a housekeeping measure that updates references in tax regulations to point to the correct offices and departments, ensuring that taxpayers and tax professionals know which IRS and Justice Department offices to contact for various tax matters.
Excise Tax on Repurchase of Corporate Stock; Correction
This regulation corrects rules about a new tax that large corporations must pay when they buy back their own stock. The tax was created to fund government programs, and this update fixes technical errors in how the tax is calculated and applied.
Section 45Z Clean Fuel Production Credit
The IRS is proposing a new tax credit that rewards companies for producing clean fuels like hydrogen and sustainable biofuels instead of traditional fossil fuels. This credit aims to encourage businesses to switch to cleaner energy sources, which could help reduce pollution and support the growth of the clean energy industry.
Tribal General Welfare Benefits; Correction
This IRS rule clarifies how Native American tribal governments can provide benefits to their members—such as housing assistance, healthcare, or educational support—without those benefits being counted as taxable income. The correction ensures that tribes have clear guidance on which welfare programs qualify for tax exemption, helping tribal members keep more of their benefits.
Backup Withholding on Third Party Network Transactions
The IRS is proposing a rule that would require payment platforms like PayPal, Venmo, and Cash App to withhold (set aside) a portion of certain transactions and send that money to the government as a backup tax collection method. This affects people who use these platforms for payments and businesses that receive money through them, as it could reduce the amount they receive or owe in taxes.
REG-113515-25 NPRM NOH
This is a proposed IRS rule that is open for public comment. The IRS hasn't yet released the specific details of what this regulation would change, but it appears to relate to federal tax policy. The public has until early February 2026 to submit feedback before the IRS decides whether to finalize the rule.
REG-103430-24 NPRM
This is a proposed IRS rule that would change how the federal government handles taxes, though the specific details are not provided in the available information. The IRS is seeking public input on this proposal until March 4, 2026, and any changes could affect how Americans file taxes or pay what they owe.
Car Loan Interest Deduction
The IRS is proposing to allow people to deduct car loan interest payments on their federal income taxes, similar to how mortgage interest can be deducted. This would reduce the amount of income that gets taxed, potentially saving money for millions of Americans who have car loans.
Branded Prescription Drug Fee Regulations
The federal government is proposing a new fee on pharmaceutical companies that sell brand-name prescription drugs. The fee is meant to help offset some of the costs Medicare pays for these medications, which could eventually help lower drug prices or reduce costs for patients and taxpayers.
Transparency in Coverage
This proposed rule from the IRS requires health insurance companies to be more transparent about what they charge for medical services and treatments. The goal is to help people understand their healthcare costs upfront so they can make better decisions about where to get care and compare prices between providers.
Excise Tax on Repurchase of Corporate Stock; Correction
This regulation corrects rules about a new federal tax on large corporations when they buy back their own stock. The IRS is fixing technical errors in how this 4% tax is calculated and applied to make sure the law works as Congress intended.
Base Erosion and Anti-Abuse Tax Rules for Qualified Derivative Payments on Securities Lending Transactions
This IRS rule prevents large corporations from using complex financial tricks involving securities lending (borrowing stocks) to dodge federal taxes. It closes a loophole where companies could reduce their tax bills through certain derivative payments, ensuring they pay their fair share.