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IRS Chaos: Resignations and Layoffs Shake Tax Season 2025
IRS Chaos: Resignations and Layoffs Shake Tax Season 2025

IRS | By Andrew Smith | 2025-05-13 09:47:16

This guide dives into the 2025 challenges shaking the IRS. Let’s unpack the chaos and see what’s at stake for tax season 2025!

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IRS Targets Crypto: New 2025 Rules for DeFi and NFTs
IRS Targets Crypto: New 2025 Rules for DeFi and NFTs

IRS | By John Miller | 2025-05-13 09:47:16

This guide breaks down the IRS regulations for tax season 2025. Let’s explore the new world of crypto taxes and tackle the 2025 challenges for DeFi and NFT taxation!

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IRS 2025 Deduction Rule
IRS 2025 Deduction Rules: What Businesses Need to Know Now

IRS | By John Miller | 2025-05-13 09:47:16

It is important to be aware of major IRS deductions and business expenses stipulations so that it can be used well in the taxpayer's favor.

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IRS Revenue Loss: $500B at Risk from 2025 Budget Cuts
IRS Revenue Loss: $500B at Risk from 2025 Budget Cuts

IRS | By Lily Wilson | 2025-05-13 09:47:16

This blog goes into the 2025 impact of IRS budget reductions. Let’s break down this tax revenue crisis and see what the enforcement cuts mean for your business.

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IRS Workforce Cuts: Will 40% Layoffs Hurt Tax Enforcement
IRS Workforce Reductions: Will 40% Layoffs Hurt Tax Enforcement?

IRS | By Andrew Smith | 2025-05-13 09:47:16

Notably, almost one-third of all tax auditors (revenue agents) have left the agency, and some estimates suggest total layoffs could be as much as 40–50% by the end of 2025.

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Trump’s IRS Overhaul: Streamlining Plans for 2025 Tax Season
Trump IRS Overhaul: Streamlining Plans for 2025 Tax Season

IRS | By Olivia Brown | 2025-05-13 09:47:16

President Donald Trump has offered a significant IRS Overhaul which will simplify and accelerate the IRS's work-in time for the 2025 tax year. His supporters point out these 2025 reforms might make your tax experience easier.

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IRS Audit Surge: Big Corporations Face Scrutiny in 2025
IRS Audit Surge: Big Corporations Face Scrutiny in 2025

IRS | By Lily Wilson | 2025-05-13 09:47:16

We will explain the reason why the IRS audit surge occurred and also what those changes mean for big corporations in 2025.

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IRS Direct File Program: On the Chopping Block for 2025?
IRS Direct File Program: On the Chopping Block for 2025?

IRS | By John Miller | 2025-05-13 09:47:16

The IRS Direct File program, a free tax filing tool, is in serious jeopardy in this tax season 2025. Launched to simplify tax filing for millions of Americans, it’s now facing 2025 cuts that could lead to a program halt.

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IRS and Nonprofits - Political Targeting Concerns in 2025
IRS and Nonprofits - Political Targeting Concerns in 2025

IRS | By John Miller | 2025-05-13 09:47:16

The IRS is under fire again. Allegations of political targeting of IRS nonprofits are stirring up a storm as tax season 2025 approaches. Nonprofits, especially those with political leanings, fear biased tax audits that could disrupt their operations.

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IRS Modernization Halted: What it Means for 2025 Filers
IRS Modernization Halted: What it Means for 2025 Filers

IRS | By Lily Wilson | 2025-05-13 09:47:16

After a decade of investment and incremental improvement, the agency declared a

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IRS and ICE: Data-Sharing Controversy Hits 2025 Tax Season
IRS and ICE: Data-Sharing Controversy Hits 2025 Tax Season

IRS | By John Miller | 2025-05-13 09:47:16

The tax season in the year 2025 has been greatly influenced and agitated by a very contentious new agreement that has been made between the IRS and ICE. T

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Tag-CP IRS 2025: How Budget Cuts Affect Small Business Taxpayers
Tag-CP IRS 2025: How Budget Cuts Affect Small Business Taxpayers

IRS | By John Miller | 2025-05-13 09:47:16

As a small business proprietor in the U.S., following tax regulations and filing taxes properly can feel as if a full time job already. Right now, with the IRS budget cuts in 2025, you may wonder exactly how this can change your business.

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IRS Commissioner Turnover: Instability Impacts 2025 Taxes
IRS Commissioner Turnover: Instability Impacts 2025 Taxes

IRS | By Olivia Brown | 2025-05-13 09:47:16

In this article, we will discuss what does IRS commissioner turnover mean, the reason it matters, and just how this particular type of agency instability may impact your taxes in 2025.

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IRS 2025 -  New Rules for Multimillionaires’ Tax Audits
IRS 2025 - New Rules for Multimillionaires’ Tax Audits

IRS | By | 2025-05-13 09:47:16

Tax season 2025 is getting even more challenging for the ultra-wealthy. The IRS is sharpening its focus on multimillionaires. It's rolling out new 2025 rules to boost tax enforcement.

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 IRS Data Book 2024: Key Stats, Insights & Agency Highlights
Interest Rates Remain Unchanged for the Third Quarter of 2025 in the USA

IRS | By John Miller | 2025-05-13 09:47:16

According to the official release of the IRS on May 12, 2025, from July 1, 2025, IRS interest rates for overpayment and underpayment by individual taxpayers will remain at 7%, while interest rates for corporate entities will remain at 6%.

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U.S. Citizens Abroad Who Work, Live Overseas, To File 2024 Tax Return on June 16

IRS | By John Miller | 2025-05-13 09:47:16

More than 9 million Americans—thousands of them expatriates and dual citizens—are working and residing abroad as of 2025. For these US taxpayers, the IRS made it mandatory: the 2024 federal tax return due date is still June 16, 2025.

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IRS Form 5472 Filing for Foreign LLC Owners
What Is IRS Form 5472 and Why Is It Important for US LLCs with Foreign Ownership

IRS | By Andrew Smith | 2025-05-13 09:47:16

In spirit, they prefer the LLC kind for its simplicity and tax perks. But with opportunity comes responsibility; one should expect it to involve IRS issues.

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Top 7 Bookkeeping Errors That Lead to IRS Notices in USA
Top 7 Bookkeeping Errors That Lead to IRS Notices in the USA

IRS | By Lily Wilson | 2025-05-13 09:47:16

You can not afford to mess up bookkeeping if you operate a business in the U.S, not even a small one. Among the primary reasons small companies are flagged by the IRS is mostly because of bad record keeping

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Avoid IRS Errors
Best Practices for Data Entry in ProSeries to Avoid IRS Errors

IRS | By John Miller | 2025-05-13 09:47:16

In this article, we will discuss the best practices for data entry in ProSeries to avoid IRS errors. Regardless of whether you are a small business owner, an individual accountant, or simply attempting to file your individual return, this guide is perfect for you.

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Extension Filers: IRS Suggests Filing Early with Free File
Extension Filers: IRS Suggests Filing Early with Free File

IRS | By John Miller | 2025-05-13 09:47:16

In this blog, we will describe what this message is, why it's important, and how you can benefit from the IRS Free File program.

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Outsmart IRS Phishing Scams in 2025 with Cybersecurity
Outsmart IRS Phishing Scams in 2025 with Cybersecurity

IRS | By Andrew Smith | 2025-05-13 09:47:16

Digitalization of accounting and tax preparation have equipped CPA firms with superior abilities in 2025.

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IRS Security Summit Summer Series 2025
IRS Security Summit Summer Series 2025: Tax Professionals' Guide to Keeping Clients' Identity Secure

IRS | By Andrew Smith | 2025-05-13 09:47:16

The era of the internet revolutionized the work of tax professionals but has also brought with it new paths to cyber crime.

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New IRS Guidelines Impacting Offshore Outsourcing in 2025
New IRS Guidelines Impacting Offshore Outsourcing in 2025

IRS | By Andrew Smith | 2025-05-13 09:47:16

Thus, it is very important to stay updated with the recent IRS guidelines and facilitate offshore outsourcing accordingly.

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Honoring Whistleblowers' Efforts on the National Whistleblower Appreciation Day
Honoring Whistleblowers' Efforts on the National Whistleblower Appreciation Day

IRS | By John Miller | 2025-05-13 09:47:16

Which has enabled the IRS to recover billions of dollars from non-compliant taxpayers effectively.

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IRS Tax Forum 2025
IRS Tax Forum 2025: Registration Timelines & Insights

IRS | By Andrew Smith | 2025-05-13 09:47:16

This is the inside scoop on what to do, what's on the forums, and how to get maximum value from your experience.

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IRS Interest Rates for Q4 2025: What Taxpayers Need to Know
IRS Interest Rates for Q4 2025: What Taxpayers Need to Know

IRS | By Andrew Smith | 2025-05-13 09:47:16

These rates indicate the accrued interest on tax refunds and taxes owed by individuals and businesses, a crucial yet often ignored aspect of tax strategy for taxpayers.

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IRS Calls for Public Participation on Free Tax Filing
IRS Calls for Public Participation on Free Tax Filing

IRS | By Lily Wilson | 2025-05-13 09:47:16

In the United States the tax preparation industry has a monopolized set of paid services, well-known brand partnerships, and a token free option.

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How Professional Bookkeeping Helps You Stay IRS Audit-Ready
How Professional Bookkeeping Helps You Stay IRS Audit-Ready

IRS | By Andrew Smith | 2025-05-13 09:47:16

As regulations change and IRS enforcement deepens, thorough and proac.tive record-keeping by professional accountants and bookkeeping services

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IRS Cracks Down on Tax Scams Linked to Social Media: Penalties Soar
IRS Cracks Down on Tax Scams Linked to Social Media: Penalties Soar

IRS | By Olivia Brown | 2025-05-13 09:47:16

The IRS urges taxpayers to be cautious and to instead depend on trusted tax professionals / registered tax preparers.

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New Roth Catch-Up Rules under SECURE 2.0: What to Know
New Roth Catch-Up Rules under SECURE 2.0: What to Know

IRS | By Olivia Brown | 2025-05-13 09:47:16

The new regulations explore increases in catch-up limits to employees aged 60 up until 63, and to newly-created SIMPLE plans.

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IRS Guidance on Qualified Tips and Tipped Occupations
IRS Guidance on Qualified Tips and Tipped Occupations

IRS | By Andrew Smith | 2025-05-13 09:47:16

The Treasury and IRS comment period is open through October 23, 2025, and encourages stakeholder engagement on compliance and enforcement issues.

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IRS Drought Relief for Farmers and Ranchers 2025
IRS Drought Relief for Farmers and Ranchers 2025

IRS | By John Miller | 2025-05-13 09:47:16

The IRS has released important guidlines in September 2025, granting extended tax relief for farmers and ranchers affected by extreme drought across the 49 contiguous states.

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IRS to Phase Out Paper Tax Refund Checks Starting September 2025
IRS to Phase Out Paper Tax Refund Checks Starting September 2025

IRS | By Andrew Smith | 2025-05-13 09:47:16

The Internal Revenue Service (IRS) has recently announced a major overhaul of the entire tax refund process for individual taxpayers.

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Opportunity Zone Investments in Rural Areas: New Guidance Explained
Opportunity Zone Investments in Rural Areas: New Guidance Explained

IRS | By John Miller | 2025-05-13 09:47:16

The Internal Revenue Service (IRS) and the Department of the Treasury issued recent critical guidance on Qualified Opportunity Zone (QOZ) investment in rural communities based on the provisions of the One Big Beautiful Bill (OBBB).

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IRS Cuts PTIN User Fee for Tax Professionals in 2025
IRS Cuts PTIN User Fee for Tax Professionals in 2025

IRS | By John Miller | 2025-05-13 09:47:16

Learn about the new PTIN fee; the tax preparer impact; process of applying for or renewing a PTIN; significant deadlines; and compliance news so that you know and don't get hit with penalties during peak tax times.

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IRS Extends Feedback Period for Form 6765 in 2025
IRS Extends Feedback Period for Form 6765 in 2025

IRS | By Andrew Smith | 2025-05-13 09:47:16

October 1, 2025, will be an important date for the IRS in terms of keeping the stakeholders' eye on U.S. businesses that claimed research and development credits.

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IRS Seeks Volunteers for No-Cost Tax Services 2025
IRS Seeks Volunteers for No-Cost Tax Services 2025

IRS | By John Miller | 2025-05-13 09:47:16

In order to recruit volunteers for VITA and TCE, the IRS and community partners have identified a big need for volunteers to fill the gap for the year 2025.

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IRS Launches Pilot for Post Appeals Mediation
IRS Launches Pilot for Post Appeals Mediation

IRS | By Andrew Smith | 2025-05-13 09:47:16

The IRS Independent Office of Appeals has initiated a revolutionary pilot program, for a two-year term, to revolutionize Post Appeals Mediation (PAM)

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IRS Offers Penalty Relief for Remittance Tax Deposits
IRS Appoints Jarod Koopman as Acting Chief Tax Compliance Officer

IRS | By John Miller | 2025-05-13 09:47:16

Koopman is the right person to be leading the agency in the lawfulness sector and enforcement action with the IRS facing the challenge of dealing.

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IRS Offers Penalty Relief for Remittance Tax Deposits
IRS Offers Penalty Relief for Remittance Tax Deposits

IRS | By Lily Wilson | 2025-05-13 09:47:16

On October 7, 2025, the IRS and U.S. Treasury issued significant guidance for remittance transfer providers with Notice 2025-55. In the relief offered by the IRS and U.S.

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IRS Reinstates $20,000 and 200-Transaction Reporting Threshold for Form 1099-K
IRS Reinstates $20,000 and 200-Transaction Reporting Threshold for Form 1099-K

IRS | By Lily Wilson | 2025-05-13 09:47:16

On October 23, 2025, the Internal Revenue Service issued comprehensive guidance that confirmed the reporting threshold of Form 1099-K has reverted to $20,000 and 200 transactions.

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IRS Launches the 2025 Nationwide Tax Forum Online
IRS Launches the 2025 Nationwide Tax Forum Online

IRS | By John Miller | 2025-05-13 09:47:16

Nationwide Tax Forum Online was created in response to the growing need for remote, flexible learning that is being fueled by the financial services industry's rapid digitization.

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IRS Reminds Tax Professionals to Renew PTINs for the 2026 Tax Season
IRS Reminds Tax Professionals to Renew PTINs for the 2026 Tax Season

IRS | By Andrew Smith | 2025-05-13 09:47:16

The IRS makes the system of renewing PTINs online available every year just before the beginning of the next filing season, in order for all professionals

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2026 IRS Retirement Contribution Limit Increases
2026 IRS Retirement Contribution Limit Increases

IRS | By Olivia Brown | 2025-05-13 09:47:16

Let us break down what new caps really include, dives into their importance, and shows who’s eligible. It also reveals ways to gain from them, no matter if you’re on staff, freelancing, or running your own shop setting up team benefits.

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IRS Tip & Overtime Deductions for 2025: What Workers Need to Know
IRS Tip & Overtime Deductions for 2025: What Workers Need to Know

IRS | By Andrew Smith | 2025-05-13 09:47:16

Receiving tips or overtime pay can complicate your tax return for this year. The Treasury Department and IRS recently issued guidance for people who received those earnings.

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2026 IRS Tax and Retirement Update
2026 IRS Tax and Retirement Update: What Every Saver and Taxpayer Should Know

IRS | By Olivia Brown | 2025-05-13 09:47:16

In this blog, you’ll understand these updates in easy and concise words allowing you to plan, save, and file without difficulties.

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IRS Confirms 2026 Filing Season Start: What Taxpayers Should Know
IRS Confirms 2026 Filing Season Start: What Taxpayers Should Know

IRS | By John Miller | 2025-05-13 09:47:16

The Internal Revenue Service has indicated through a public notice the start of the tax season in the year 2026, and some of the factors mentioned, apart from the date of the new tax season

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Complete Guide to the IRS Bonus Depreciation Update for 2026
Complete Guide to the IRS Bonus Depreciation Update for 2026

IRS | By Lily Wilson | 2025-05-13 09:47:16

In January 2026, the Department of the Treasury and the Internal Revenue Service (IRS) published an important guidance concerning the change in the additional first-year depreciation deduction as a result of the One Big Beautiful Bill Act.

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IRS Confirms Supplemental Military Housing Tax-Free
IRS Confirms Supplemental Military Housing Tax-Free

IRS | By Andrew Smith | 2025-05-13 09:47:16

In a joint effort, the Department of Treasury and the Internal Revenue Service (IRS) have provided directions concerning a recent benefit paid to U.S. military members. The IRS has determined that a single supplemental basic allowance for housing payment which was made in Decembe

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New IRS Overtime Deduction: What It Means for Workers and Employers
New IRS Overtime Deduction: What It Means for Workers and Employers

IRS | By John Miller | 2025-05-13 09:47:16

The deduction aims to achieve one straightforward objective. The deduction enables workers to retain a greater portion of their earnings when they work additional hours. Many employees depend on overtime to cover rising costs.

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2026 IRS Tax Filing Season Has Begun: What You Need to Know
2026 IRS Tax Filing Season Has Begun: What You Need to Know

IRS | By Lily Wilson | 2025-05-13 09:47:16

The IRS will start accepting tax submissions for the 2025 tax year starting from January 26 2026. The processing work has just started but the preparation activities began several months before.

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IRS Launches EITC Awareness Day to Help Workers Claim Missed Tax Benefits
IRS Launches EITC Awareness Day to Help Workers Claim Missed Tax Benefits

IRS | By Olivia Brown | 2025-05-13 09:47:16

The Internal Revenue Service has partnered with national organizations to establish EITC Awareness Day as an annual initiative that educates working individuals about the Earned Income Tax Credit.

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EITC Awareness Day Aims to Help Workers Claim Missed Refunds
EITC Awareness Day Aims to Help Workers Claim Missed Refunds

IRS | By Andrew Smith | 2025-05-13 09:47:16

The IRS Taxpayer Advocate Service has announced more than $22.5 million in funding for Low Income Taxpayer Clinics (LITCs) for the 2026 grant year. The grants provide financial assistance to nonprofit organizations throughout the United States which offer free or low-cost tax ass

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IRS Invites Professionals to Apply for 2026 ETAAC Roles
IRS Invites Professionals to Apply for 2026 ETAAC Roles

IRS | By John Miller | 2025-05-13 09:47:16

The Internal Revenue Service has announced that it is accepting applications for membership in the Electronic Tax Administration Advisory Committee (ETAAC) for the 2026 term. ETAAC is a key advisory group made up of volunteers from across the tax, technology, and accounting field

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IRS Expands Free Tax Help Programs With 2026 Grant Funding
IRS Expands Free Tax Help Programs With 2026 Grant Funding

IRS | By Lily Wilson | 2025-05-13 09:47:16

The funding will enable thousands of community organizations to continue delivering tax assistance through the Volunteer Income Tax Assistance (VITA) program and the Tax Counseling for the Elderly (TCE) program.

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IRS Encourages Online Tools to Claim New Family Tax Benefits
IRS Encourages Online Tools to Claim New Family Tax Benefits

IRS | By Olivia Brown | 2025-05-13 09:47:16

The Internal Revenue Service is advising taxpayers to use online resources while preparing their tax claims for new and extended tax benefits which the One Big Beautiful Bill has created. The new tax advantages provide modifications to existing tax credits for families and educat

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