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Issue 2 · Week of July 28–Aug 3, 2026

The Reed Report

Federal & Indiana tax news from the team at Reed & Company

IRS

IRS Expands Business Tax Account Self-Service Features

Set up your IRS Business Tax Account if you haven’t — it’s now the fastest way to see your business’s IRS file.

The IRS continued rolling out new capabilities in its online Business Tax Account portal, giving more entity types the ability to view digital notices, make payments, and manage account information without a phone call. If your business hasn’t set one up yet, it’s increasingly the fastest way to see exactly what the IRS has on file for you.

Source: IRS Newsroom

Indiana

Indiana’s August Gasoline Use Tax Rate Set at 21.9 Cents

Retailers: August’s gasoline use tax rate is 21.9¢/gallon.

The Indiana Department of Revenue set the gasoline use tax rate for August 1–31 at 21.9 cents per gallon. Retailers use this rate, which is adjusted monthly based on statewide average prices, to compute the tax collected at the pump.

Source: Indiana Department of Revenue

Looking Ahead

Third-Quarter Estimated Taxes Are Due September 15

Check your year-to-date numbers now — Q3 estimated payments are due September 15.

A reminder for the self-employed, gig workers, and business owners who pay quarterly: the deadline for your third 2026 estimated tax payment, covering income earned June through August, is September 15. Underpaying can trigger a penalty even if you end up due a refund at filing time, so it’s worth checking your year-to-date numbers now while there’s still time to adjust.

Source: IRS Newsroom

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