A quick roundup for small business owners
The IRS's latest small business bulletin covers four items worth a look: new rollover guidance, a preview of the Saver's Match program, disaster relief in three areas, and updated overtime FAQs. Here is the short version.
Guidance to simplify retirement plan rollovers
Treasury and the IRS issued guidance to simplify and standardize the rollover process between retirement plans and IRAs, for both participants and plan sponsors. It applies to rollovers between retirement plans, or between a retirement plan and an IRA - but not to IRA-to-IRA transfers. The package includes sample forms designed to protect participants' personal information and reduce their burden, and use of those forms and procedures is optional for plan sponsors. Comments are due by October 23, 2026, through Regulations.gov. Details are in Notice 2026-49.
Coming soon: the Saver's Match program
Treasury and the IRS plan to propose regulations for the federal Saver's Match program, which begins in 2027. The Saver's Match will provide eligible taxpayers a match of up to 50% on the first $2,000 of qualified retirement savings contributions to an employer plan or IRA - up to $1,000 a year. Payments start in 2028, based on 2027 contributions. This replaces the Saver's Credit. Notice 2026-48 outlines the anticipated rules and invites public comment through October 5, 2026.
Disaster tax relief in three areas
The IRS granted relief pushing various federal filing and payment deadlines to February 1, 2027, for those affected in:
- Mississippi - Tropical Storm Arthur, beginning June 18, 2026.
- West Virginia - severe storms, tornadoes, and flooding (including Pleasants and Ritchie counties), beginning July 21, 2026.
- Northern Mariana Islands - Super Typhoon Bavi, beginning July 4, 2026.
The IRS automatically applies relief to taxpayers in the covered areas. If you are affected but located outside a covered area, call IRS Special Services at 866-562-5227 to request it.
Updated FAQs on the No Tax on Overtime deduction
The IRS updated its FAQs on the No Tax on Overtime deduction under the Working Families Tax Cuts. Notable points for employers include the removal of 2025-only information, clarification on the limits and timing of the qualified overtime deduction, more detail on coverage and exemptions under the FLSA, and reporting requirements on Form W-2, Form 1099-MISC, and Form 1099-NEC. Importantly, qualified overtime compensation must be separately reported on Form W-2 for an employee to claim the deduction. Full details are in Fact Sheet 2026-13.
Also worth noting
- Heavy highway vehicle owners should check the Form 2290 filing deadlines.
Why this matters for non-residents and foreign founders
If you run a U.S. company with employees on payroll, two items here touch you directly. The updated No Tax on Overtime rules add a concrete payroll step: qualified overtime has to be reported separately on the W-2, or your employees lose the deduction - so confirm your payroll provider is set up for it. If you sponsor a retirement plan, the new rollover forms are optional but can make plan administration cleaner, and the Saver's Match starting in 2027 may become a selling point when you recruit lower- and moderate-income staff. Disaster relief is automatic only if your business address is inside a covered area; if you operate remotely from abroad but your records or a key person sit in an affected zone, you may need to call the IRS to claim it. As always, confirm the technical points with your CPA before acting.
Sources
- IRS e-News for Small Business Issue 2026-18 - https://www.irs.gov/newsroom/e-news-subscriptions
- IRS Notice 2026-49 (retirement plan rollovers) - https://www.irs.gov/pub/irs-drop/n-26-49.pdf
- IRS Notice 2026-48 (Saver's Match) - https://www.irs.gov/pub/irs-drop/n-26-48.pdf
- Treasury/IRS: intent to issue proposed regulations on Saver's Match - https://www.irs.gov/newsroom/treasury-irs-begin-implementing-executive-order-14403-by-announcing-intent-to-issue-proposed-regulations-on-savers-match-which-will-benefit-millions-of-low-and-moderate-income-taxpayers
- IRS: Tax relief for Tropical Storm Arthur in Mississippi - https://www.irs.gov/newsroom/irs-announces-tax-relief-for-taxpayers-impacted-by-tropical-storm-arthur-in-mississippi-various-deadlines-postponed-to-feb-1-2027
- IRS: Tax relief for severe storms in West Virginia - https://www.irs.gov/newsroom/irs-announces-tax-relief-for-taxpayers-impacted-by-severe-storms-straight-line-winds-tornadoes-flooding-landslides-and-mudslides-in-west-virginia-various-deadlines-postponed-to-feb-1-2027
- IRS: Tax relief for Super Typhoon Bavi in the Northern Mariana Islands - https://www.irs.gov/newsroom/irs-announces-tax-relief-for-taxpayers-impacted-by-super-typhoon-bavi-in-the-northern-mariana-islands-various-deadlines-postponed-to-feb-1-2027
- IRS Fact Sheet 2026-13 (No Tax on Overtime FAQs) - https://www.irs.gov/pub/taxpros/fs-2026-13.pdf
- IRS: Heavy highway vehicle owners - Form 2290 filing deadlines - https://www.irs.gov/newsroom/heavy-highway-vehicle-owners-know-the-form-2290-filing-deadlines
- IRS: Tax relief in disaster situations - https://www.irs.gov/newsroom/tax-relief-in-disaster-situations