The Reed Report
Federal & Indiana tax news from the team at Reed & Company
Former IRS leaders push back on a proposed work-authorization question for next year’s Form 1040, plus year-end itemizing tips, the IRS’s 2026 report card and Indiana’s gas tax deadline.
Read this issue →The IRS overhauls how retirement plan mistakes get fixed and builds a first-ever correction program for IRAs, drops the paperwork for on-road dyed diesel, a watchdog ties ghost preparers to $179 million in suspect refunds, the IP PIN window is closing for the year, and CPAs warn employer Trump account contributions may not be ready for 2026.
Read this issue →The IRS stops policing dyed diesel on the highway through year-end, Social Security sets a 3.6% raise and a $192,300 wage base for 2027, Hurricane Isaias victims get until February, adoptive families see surprise refunds, and the IRS clears the way to take card payments directly.
Read this issue →Hurricane Isaias hits days before the October 15 extension deadline, the IRS rewrites its safe harbor for crypto trusts that stake, the IRS lends its whistleblower know-how to the UK, and Indiana farmers get harvest-season fuel relief.
Read this issue →Indiana’s gas tax holiday gets another month, farmers get proposed rules for paying tax on farmland sales over four years, Trump accounts go automatic, the Senate passes a 65-provision IRS reform bill, and the K–12 scholarship credit Indiana opted into takes shape.
Read this issue →The IRS retires IRS2Go for a new app with real account access, a watchdog finds identity theft victims waiting 20 months for their refunds, the Tax Forums wrap with a preview of the 2027 filing season, and Indiana’s gas tax holiday hits its next decision point.
Read this issue →Drought relief reaches Tippecanoe County cattle operations, the Security Summit closes its summer series, the IRS warns about a credit that doesn’t exist, and October 15 is closer than it looks.
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