June 27, 2026: official IRS and California tax updates worth skimming
Here is the practical version: tax headlines are useful, but letters and deadlines are what usually hurt people. If you have an IRS or California FTB notice, start with the agency, notice code, tax year, and deadline before you chase every new tax headline.
1. IRS items pulled this week
These are the latest items the updater found from official IRS newsroom and tax-tip pages. Treat them as starting points, not advice for your exact situation.
National Taxpayer Advocate issues 2026 mid-year report to Congress June 24, 2026
Official update from IRS. Open the source before making decisions.
Electronic Tax Administration Advisory Committee 2026 Annual Report includes recommendations to Congress and IRS June 17, 2026
Official update from IRS. Open the source before making decisions.
IRS and Security Summit partners announce new framework to better protect taxpayers and tax revenue from fraud June 8, 2026
Official update from IRS. Open the source before making decisions.
Treasury, IRS announce intent to issue proposed regulations for excise tax on excess tax-exempt organization executive compensation under the One, Big, Beautiful Bill June 5, 2026
Official update from IRS. Open the source before making decisions.
IRS releases new look-back interest calculator for long-term contracts May 29, 2026
Official update from IRS. Open the source before making decisions.
Plain-English take: planning updates can matter, but a notice deadline matters first. If a letter has your name, tax year, and response date on it, handle that timeline before anything else.
2. California FTB items pulled this week
These are the latest items the updater found from official California Franchise Tax Board tax-news pages.
MyFTB tax professional client notices page June 16, 2026
FTB sends email notification to Power of Attorney (POA) representatives when their client has a new notice or other document available. Some tax professionals with a POA and MyFTB access may be unable to view the Client Notices page. Currently, tax professionals impacted by this issue will need to view the notice directly in their client's respective account.
Pass-Through Entity (PTE) Elective Tax June 15th payment approaching May 27, 2026
As a reminder, qualified entities are required to make a PTE elective tax payment on or before June 15, 2026. The payment amount is the greater of 50% of the elective tax paid the previous year or $1,000. For taxable years beginning on or after January 1, 2026, if the qualified entity makes a valid election without the required June 15 payment, qualified taxpayers (i.e. partners, members, or shareholders) may receive a reduced PTE elective tax credit.
Correction to Individual Shared Responsibility Child Dependent Penalty Amount March 6, 2026
FTB's most recent 2025 indexing contained a rounding error for the Individual Shared Responsibility penalty amount for dependent children. The corrected penalty amount per dependent child is $475 (revised from the previously stated $450).
Secretary of State business entity identification numbers for tax returns and payments March 3, 2026
When using tax preparation software to file returns or make payments, follow the software's instructions and enter only numeric digits.
Form instructions for taxable year 2025 relating to credit for prior year alternative minimum tax or minimum tax credit February 12, 2026
Franchise Tax Board (FTB) updated the following form instructions for taxable year 2025: Schedule P (100) Instructions, Schedule P (100W) Instructions, Form FTB 3510 Instructions.
Plain-English take: California notices and account messages are their own lane. Do not assume an IRS update fixes an FTB letter, or the other way around.
Tax Allstars boundary: this page is general education. Tax Allstars is operated by Brokentoy LLC and coordinates intake, workflow, and routing to qualified independent tax professionals. Non-credentialed Tax Allstars staff do not provide tax advice, prepare returns, or represent clients before the IRS or state agencies.
If you only do one thing this week
If you received an IRS or FTB notice, do not start by Googling every scary phrase. Start with the basics: agency, notice code, tax year, response deadline, and whether all returns are filed. Then get the facts reviewed before the deadline passes.