Important PTIN Renewal Updates from the IRS It’s time once again for tax professionals to renew their Preparer Tax Identification Numbers (PTINs). This year, the IRS has introduced a major change to the PTIN sign-in process for those with a Social Security number (SSN). Tax preparers will now need to sign in using ID.me, a […]
Issue Number: FS-2025-06 The Internal Revenue Service reminds tax professionals that the new form brokers use to furnish statements including proceeds from certain digital asset transactions will be sent to taxpayers in early 2026 but there are steps that can be taken now to help get their clients get ready.
Issue Number: IR-2025-90 WASHINGTON — The Internal Revenue Service is alerting taxpayers about a growing number of fraudulent tax schemes circulating on social media that promote the misuse of credits such as the Fuel Tax Credit and the Sick and Family Leave Credit. These scams have led thousands of taxpayers to file inaccurate or […]
Issue Number: IR-2025-89 WASHINGTON — As hurricane season peaks and wildfire risks remain high, the IRS urges individuals and businesses to create or update their emergency preparedness plans as part of National Preparedness Month.
Issue Number: IR-2025-88 Inside This Issue Security Summit: IRS reminds tax pros to guard against identity theft as summer series wraps up Week 5 of “Protect Your Clients; Protect Yourself” offers tax pros tools and advice to help protect important data. WASHINGTON — The Internal Revenue Service and the Security Summit partners are closing out […]
Issue Number: Tax Tip 2025-57 Tax professionals should always remain alert to any scams and protect their client data. A common scam geared towards tax pros aims to collect their Electronic Filing Identification Numbers.
The IRS has announced that no changes will be made to Form W-2 or other information returns regarding overtime and tip wages for Tax Year 2025, as part of the phased implementation of the One Big Beautiful Bill Act (OBBBA). This decision ensures stability for the upcoming tax season, allowing employers and payroll providers to […]
Issue Number: Tax Tip 2025-53 Social media can be a resource for up-to-date tax information, especially with the many changes to the federal taxes in 2025. However, taxpayers should be mindful of what accounts they’re following for tax advice. Unfortunately, there’s a lot of inaccurate or scam advice being shared. Which is why it’s […]
Issue Number: FS-2025-03 Note: This Fact Sheet has been updated July 25 by adding to the section on “No Tax on Car Loan Interest” new language describing the requirement for “Final assembly in the United States.” Below are descriptions of new provisions from the One Big Beautiful Bill Act, signed into law on July 4, […]
Issue Number: Tax Tip 2025-37 Summer is a time for fun but it’s never the wrong time to be thinking about taxes – and some summer activities could have an impact. Here are a few summertime activities and tips on how taxpayers should consider them for tax season.
