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

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

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

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

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

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

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

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 […]

One, Big, Beautiful Bill: How to take advantage of no tax on tips and overtime

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 advantage of the deduction this filing season.

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IRS National Tax Security Awareness Reminder

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 […]

New Trump Accounts for Kids: What Tax Preparers Need to Know About Form 4547 (2025-2026)

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.

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