IRS warns of tax credit scams targeting the tribal community

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Taxpayers and tribal communities should beware of fraudulent schemes

Issue Number: IR-2026-112

WASHINGTON — The Internal Revenue Service today warned taxpayers, tribal communities, businesses and tax professionals about promoters selling fake “Tribal Tax Credits” that do not exist under federal law. Promoters are falsely claiming that these credits can reduce federal tax liabilities or generate refunds.

The IRS confirms that purported Tribal Tax Credits have no basis in federal law and may expose taxpayers to audits, penalties, interest, and potential criminal consequences.

Promoters market these fake credits generically as “Tribal Tax Credits,” “Native American Tax Credits,” “Sovereign Tribal Tax Credits,” or similar names. These tax credits do not exist. Read more

Security Summit closes summer series with data security reminder for tax pros

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IRS Security Summit Warns Tax Professionals About Identity Theft, Data Breaches and Cybersecurity Threats

Week 5 of “Protect Your Clients; Protect Yourself” offers tools and advice to help protect sensitive data

Issue Number: IR-2026-111

WASHINGTON — The Internal Revenue Service and the Security Summit partners today urged tax professionals to stay vigilant against identity theft.

The IRS and Security Summit partners are reminding tax professionals and tax preparers to protect taxpayer data from identity theft, phishing scams, cyberattacks, data breaches and tax-related fraud. The agency recommends a Written Information Security Plan (WISP), multifactor authentication, Identity Protection PINs and immediate breach reporting procedures to help safeguard sensitive taxpayer information. Read more

IRS Reminder: Disaster preparedness starts with tax records

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Issue Number: IR-2026-104

WASHINGTON — The Internal Revenue Service today encouraged taxpayers to protect important tax and financial records before disaster strikes.

As part of National Preparedness Month, the IRS reminds individuals, businesses, and tax professionals to make or update emergency plans, safeguard key documents, and know where to find IRS disaster relief resources. Taking a few steps now can make it easier to recover, apply for assistance, file insurance claims, or claim disaster-related tax benefits. Read more

IRS reminder: National Payroll Week is time for a paycheck checkup

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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 are paid accurately and on time. The observance also offers an opportunity for workers to look more closely at their paychecks and for employers to revisit important payroll responsibilities. Read more

Security Summit: Strengthen defenses against tax identity theft

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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 Summit partners highlight the benefits of multifactor authentication (MFA), Identity Protection PINs, and secure IRS online accounts. Under the Federal Trade Commission’s Safeguards Rule, tax preparation firms must use multifactor authentication to protect access to customer information, unless a Qualified Individual approves in writing an equivalent secure access control.

“Taxpayers and tax professionals should take advantage of the powerful tools available to help protect against identity theft,” said IRS Chief Executive Officer Frank J. Bisignano. “Using multifactor authentication, IP PINs, and other protections adds important layers of security that helps safeguard sensitive data held by practitioners, taxpayers, and IRS systems.” Read more

Free Retirement money from the US government through The Saver’s Match

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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 maximum benefit of $1,000 per person each year. Replacing the Saver’s Credit for most retirement contributions, the Saver’s Match deposits matching funds directly into a qualifying retirement account, helping participants build long-term savings even faster. Read more

IRS updates FAQs on qualified overtime deduction

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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.

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Important Information: Updated Taxware Software License Agreement

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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, we have updated the Taxware Software License Agreement.

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Taxpayers can now view and submit Trump Account elections in their IRS Individual Account

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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.

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New IRIS TCC Required for Electronic Filing of Information Returns

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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 you must forward the TCC Application Summary to Taxware Systems at taxwareteam@taxwaresystems.com, see additional instructions below.  The current […]

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