IRS In Audio

IRS Reminder for Oct. 15 Filing Deadline (IR-2025-104)

IRS Reminder for Oct. 15 Filing Deadline (IR-2025-104) Date: Oct 14, 2025. Applies to tax year 2024 returns for those who filed extensions.Deadline: Oct 15 (midnight). I

IRS Inflation Adjustments for Tax Year 2026 (IR-2025-103)

IRS Inflation Adjustments for Tax Year 2026 (IR-2025-103) Applies to 2026 returns filed in 2027; detailed in Revenue Procedure 2025-32.Standard deduction (2026): $32,200

Treasury/IRS Penalty Relief for Remittance Transfer Providers (IR-2025-102)

Treasury/IRS Penalty Relief for Remittance Transfer Providers (IR-2025-102) Date: Oct 7, 2025. IRS issues Notice 2025-55 granting limited deposit penalty relief for the

Jarod Koopman to Lead IRS Enforcement (Acting CTCO)

Jarod Koopman to Lead IRS Enforcement (Acting CTCO) Jarod Koopman named Acting Chief Tax Compliance Officer, overseeing enforcement divisions: LBI, SB/SE, TE/GE, Crimina

IRS Appeals Launches Post Appeals Mediation (PAM) Pilot

IRS Appeals Launches Post Appeals Mediation (PAM) Pilot The IRS Independent Office of Appeals launched a two-year pilot to make PAM more attractive to taxpayers.Under th

Volunteers Needed for No-Cost Tax Services (VITA/TCE)

Volunteers Needed for No-Cost Tax Services (VITA/TCE) IRS and community partners are recruiting volunteers for VITA (Volunteer Income Tax Assistance) and TCE (Tax Counse

IRS Extends Feedback Period on Form 6765 (Research Credit)

IRS Extends Feedback Period on Form 6765 (Research Credit) Comment period for draft Instructions to Form 6765 extended through March 31, 2026; IRS plans revised instruct

Guidance on Opportunity Zone Investments in Rural Areas (OBBB)

Guidance on Opportunity Zone Investments in Rural Areas (OBBB) Treasury and IRS issued Notice 2025-50 clarifying Opportunity Zone (QOZ) rules for rural areas under the O

IRS Announces New Relief for Taxpayers Affected by Events in Israel

IRS Announces New Relief for Taxpayers Affected by Events in Israel The IRS is postponing many tax filing and payment deadlines to Sep 30, 2026, for eligible individuals

Treasury, IRS Reduce PTIN User Fee

Treasury, IRS Reduce PTIN User Fee Treasury and IRS issued interim final regs and a proposed rule to lower the PTIN user fee for tax professionals.New fee: $10 IRS user

IRS to Phase Out Paper Tax Refund Checks

IRS to Phase Out Paper Tax Refund Checks 📢 Key Update: Starting Sept. 30, 2025, the IRS (with Treasury) will phase out paper tax refund checks for individual taxpayers,

IRS Extends Drought Relief for Farmers and Ranchers

IRS Extends Drought Relief for Farmers and Ranchers What Happened: IRS issued Notice 2025-52, extending tax relief for farmers and ranchers who sold livestock due to dr

Treasury & IRS Guidance on Tipped Occupations (One, Big, Beautiful Bill)

Treasury & IRS Guidance on Tipped Occupations (One, Big, Beautiful Bill) Context: Guidance issued under the “no tax on tips” provision of the One, Big, Beautiful Bill.P

Treasury, IRS Issue Final Regulations on Roth Catch‑Up Rule & SECURE 2.0

Treasury, IRS Issue Final Regulations on Roth Catch‑Up Rule & SECURE 2.0 Core Regulation: Employees age 50+ can make catch‑up contributions to workplace retirement plan

IRS Assesses $162 Million in Penalties Over False Tax Credit Claims Tied to Social Media

IRS Assesses $162 Million in Penalties Over False Tax Credit Claims Tied to Social Media The IRS has issued a strong warning about a surge in fraudulent tax schemes prom

IRS Urges Emergency Preparedness Ahead of Peak Disaster

Summary — IRS Urges Emergency Preparedness Ahead of Peak Disaster As hurricane season peaks and wildfire risks remain high, the IRS urges individuals and businesses to

IRS News Release: Security Summit reminds tax pros to guard against identity theft

IRS News Release: Security Summit reminds tax pros to guard against identity theft (Aug. 26, 2025) The IRS and its Security Summit partners closed out their “Protect You

Interest rates remain the same for the fourth quarter of 2025

Key points / rates (annual, compounded daily) Individuals: 7% for overpayments and 7% for underpayments.Corporations: 6% for overpayments; 7% for underpayments.Portion o

Treasury, IRS Issue FAQs to Address the Accelerated Termination of Several Energy Provisions Under the One Big Beautiful Bill Act

Summary:The IRS issued frequently asked questions (FAQs) in Fact Sheet 2025-05 to provide guidance on modifications to several energy-related tax provisions under the One

IRS Announces No Changes to Individual Information Returns or Withholding Tables for 2025 Under the One Big Beautiful Bill Act

Summary:The IRS announced that for Tax Year 2025, there will be no changes to certain information returns or withholding tables related to the One Big Beautiful Bill Act.