Issue Number: IR-2026-105 Workers can review withholding; employers can revisit payroll tax responsibilities WASHINGTON — The Internal Revenue Service today encouraged workers and employers to review withholding and payroll tax responsibilities ahead of National Payroll Week. Observed Sept. 7-11, National Payroll Week recognizes payroll professionals and the important role they play in helping ensure employees […]
Issue Number: IR-2026-106 Multifactor authentication, IP PINs, and secure online accounts add layers of protection WASHINGTON — The Internal Revenue Service and the Security Summit today urged tax professionals and taxpayers to strengthen defenses against tax-related identity theft. In the fourth installment of the “Protect Your Clients; Protect Yourself” summer series, the IRS and Security […]
With retirement security becoming a growing concern for many Americans, a new federal incentive aims to make saving easier and more rewarding. Beginning in 2027, eligible low- and moderate-income workers can take advantage of the Saver’s Match, a program that allows the federal government to match up to 50% of their retirement contributions, with a […]
Issue Number: IR-2026-88 WASHINGTON — The Internal Revenue Service today updated frequently asked questions about the deductions for qualified overtime compensation. The frequently asked questions are incorporated into this news release by reference.
Dear Taxware Client, As a company that has proudly supported tax professionals for more than 45 years, we value the relationships we have built and want to make sure you have the information needed to continue using Taxware with confidence. As part of our ongoing commitment to keeping our software, policies, and client resources current, […]
Issue Number: IR-2026-68 The Internal Revenue Service today announced new features in IRS Individual Accounts that allow taxpayers to view and submit Trump Account elections, making it easier to invest in these tax-advantaged accounts.
If you are currently filing or interested in electronic filing information returns (i.e. 1099’s), the IRS requires that a new TCC number be obtained for the IRIS (Information Returns Intake System)(If you have already obtained an IRIS TCC number disregard this email). The current FIRE system will be retired in December 2026. TCC numbers issued for the FIRE system will […]
Issue Number: Tax Tip 2026-06 The One, Big, Beautiful Bill has a significant effect on federal taxes, credits and deductions. Millions of taxpayers reported earning tips and overtime on their tax returns, many of them are veterans and people working in lower wage jobs. This relief will impact most of these taxpayers and they can start taking […]
At Taxware Systems, the security of our tax professional clients and their data is a top priority. As preparations begin for the 2026 tax season, we want to make sure you are aware of important security warnings being shared by the IRS and its partners. From December 1-5, 2025, the IRS, state tax agencies, and […]
The One Big Beautiful Bill Act (signed July 2025) introduced Trump Accounts – a new tax-advantaged savings account for children under 18. Think of them as a hybrid between a traditional IRA and a 529 plan, with a one-time $1,000 federal seed deposit for eligible newborns.
