California voters overwhelmingly voted to increase penalties for theft and drug trafficking after a record number of brick-and-mortar retailers closed down due to smash-and-grab robberies. Governor Gavin Newsom (D) opposed Prop 36 because he said it’s “too harsh.”
September 1, 2025Who is allowing the chemical spills? Is our CIA orchestrating the global crisis, the global attacks to create famines ? Dane Wigington has warned for decades about weather modifications…..
September 2, 2025
- Continued security warnings: Throughout the summer of 2025, the IRS and Security Summit partners promoted multi-factor authentication and Identity Protection PINs to protect against tax-related identity theft.
- Increased data breaches: Almost 300 data breaches impacting up to 250,000 clients were reported in the first half of 2025, leading to amplified IRS security warnings.
- Digital asset reporting relief: The IRS has extended transition relief for brokers filing Form 1099-DA for digital asset sales, allowing more time to address compliance issues.
- Free filing options survey: The IRS is surveying the public on tax preparation and filing options to inform a report to Congress.
- Q4 interest rates announced: For the fourth quarter of 2025, IRS interest rates for tax overpayments and underpayments for individuals remain at 7%.
Financial news
- Corporate scandals: Recent financial fraud stories include an accounting firm for Trump Media being charged with fraud and the fallout from the UBS acquisition of Credit Suisse.
- Fintech investment: In April 2025, fintech company Pennylane’s valuation doubled to $2.2 billion after receiving an investment from Alphabet’s venture capital arm.
- Tariff uncertainties: Tax and accounting professionals are evaluating the complexities of new and changing U.S. government tariff rates on imports.
Accounting and bookkeeping news
- Growing role of AI: AI adoption is increasing in accounting, automating repetitive tasks, improving efficiency, and allowing professionals to focus on higher-level advisory services.
- Accountant shortage: A significant shortage of accountants persists, with a decline in new accounting graduates.
- Emphasis on advisory services: Modern accounting trends prioritize strategic, real-time financial reporting and data analysis over traditional bookkeeping, driven by technology and client demand.
- Environmental, Social, and Governance (ESG) reporting: There is increased focus on sustainability and non-financial reporting, with greater regulatory attention on financial reporting and corporate governance.
- Big Four developments: In August 2025, KPMG Australia reported a revenue decline, and EY announced layoffs in its New Jersey office.
Security Summit: IRS reminds tax pros to guard against identity theft as summer series wraps up
IR-2025-88, Aug. 26, 2025 — The Internal Revenue Service and the Security Summit partners are closing out the fifth and final week of the “Protect Your Clients; Protect Yourself” awareness series by reminding tax professionals to stay vigilant and strengthen safeguards to protect against identity theft. In the first half of the year there were nearly 300 data breaches reported impacting as many as 250,000 clients.
Interest rates remain the same for the fourth quarter of 2025
IR-2025-87, Aug. 25, 2025 — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Oct. 1, 2025.
IR-2025-86, Aug. 21, 2025 — The Internal Revenue Service today issued frequently asked questions (FAQs) in Fact Sheet 2025-05 relating to the modification of sections 25C, 25D, 25E, 30C, 30D, 45L, 45W, and 179D under the One, Big, Beautiful Bill Act (OBBB). Please provide a preview link when available.
IRS asks for public input on free tax filing options to inform congressional report
IR-2025-85, Aug. 21, 2025 — The IRS invites the public to participate in an anonymous feedback survey on tax preparation and filing options, which will run through Sept. 5, 2025.
IRS accepting applicants for 2026 Compliance Assurance Process
IR-2025-84, Aug. 18, 2025 — The Internal Revenue Service today announced the opening of the 2026 Compliance Assurance Process (CAP) program application period, which will run from Sept. 3 to Oct. 31, 2025.
IR-2025-83, Aug. 12, 2025 — In the fourth installment of a special summer series, the Security Summit partners today remind tax professionals and taxpayers about the IRS Identity Protection PIN and the IRS Online Accounts that can help protect against tax-related identity theft.
IR-2025-82, Aug. 7, 2025 — The IRS today announced that, as part of its phased implementation of the One Big Beautiful Bill Act, there will be no changes to certain information returns or withholding tables for Tax Year 2025 related to the new law.
IR-2025-81, Aug. 6, 2025 — The Internal Revenue Service today issued a reminder that employers can continue to use educational assistance programs to help employees pay down student loans through December 31, 2025.
IRS Nationwide Tax Forum standard rate deadline approaching for Orlando and Baltimore
IR-2025-80, Aug. 5, 2025 — The Internal Revenue Service reminded tax professionals that space is filling up quickly for the remaining 2025 IRS Nationwide Tax Forum events. The Chicago, New Orleans and San Diego forums sold out, and the IRS encourages those planning to attend in Orlando or Baltimore to register before the standard rate deadlines.
IR-2025-79, July 29, 2025 — The Internal Revenue Service and its Security Summit partners today reminded tax professionals about the federal mandate to have a Written Information Security Plan (WISP) designed to help protect them against threats from identity thieves and data breaches.
IRS Whistleblower Office celebrates National Whistleblower Day
IR-2025-78, July 28, 2025 — In anticipation of National Whistleblower Appreciation Day on July 30, the Internal Revenue Service Whistleblower Office recognizes the important role whistleblowers continue to play in supporting the nation’s tax administration.
IRS issues interim guidance to improve Large Business & International examination process
IR-2025-77, July 25, 2025 — The Internal Revenue Service today issued a memorandum highlighting changes aimed at reducing case cycle times for corporate taxpayers, making examinations more customer-driven, consistent and efficient.
IRS offers summer help for late filers
IR-2025-76, July 22, 2025 — The Internal Revenue Service reminds taxpayers who missed the April deadline that help is still available.
Tax pros should watch out for phishing emails and other attacks, Security Summit warns
IR-2025-75, July 15, 2025 — The Internal Revenue Service and Security Summit partners warn tax professionals to be wary of evolving phishing emails and other schemes to steal sensitive taxpayer data and offer steps tax pros can take to protect sensitive taxpayer information.
IRS urges extension filers to use IRS Free File this summer
IR-2025-74, July 10, 2025 — The Internal Revenue Service encourages taxpayers who requested an extension to file their returns now rather than wait until the Oct. 15 deadline. IRS Free File makes it easy.
IR-2025-73, July 1, 2025 — With new scams continuing to emerge, the Internal Revenue Service and the Security Summit partners today announced the start of the special summer Protect Your Clients; Protect Yourself campaign to help tax professionals protect themselves against new and ongoing threats involving tax-related identity theft.
IR-2025-72, June 25, 2025 — The Internal Revenue Service Electronic Tax Administration Advisory Committee (ETAAC) released its 2025 annual report today with 14 recommendations – four to Congress and 10 to the IRS.
National Taxpayer Advocate issues mid-year report to Congress
IR-2025-71, June 25, 2025 — National Taxpayer Advocate Erin M. Collins today released her Fiscal Year 2026 Objectives Report to Congress, highlighting a largely successful 2025 filing season while raising concerns about persistent refund delays for victims of identity theft, delays in processing Employee Retention Credit claims, and critical challenges facing taxpayers and the IRS as the agency prepares for the 2026 filing season.
Long sworn in as the 51st IRS Commissioner
IR-2025-70, June 23, 2025 — Billy Long was sworn in as the 51st Commissioner of the Internal Revenue Service on June 16. Long was confirmed by the Senate on June 12.
IR-2025-69, June 17, 2025 — The Internal Revenue Service today announced improvements to its Pre-Filing Agreement (PFA) program to provide greater tax certainty for large business and international taxpayers.
IR-2025-68, June 16, 2025 — The Internal Revenue Service today announced a settlement with Bruce Molnar, cofounder and majority owner of Alta Holdings, LLC (Alta), U.S. Risk Associates Insurance Company Limited (U.S. Risk), and Newport Re, Inc. (Newport Re).
IR-2025-67, June 12, 2025 — The U.S. Department of the Treasury and the Internal Revenue Service today issued Notice 2025-33 extending and modifying the transition relief provided in Notice 2024-56 for brokers who are required to file Form 1099-DA to report certain digital asset sale and exchange transactions by customers.
IRS has options to help taxpayers who missed the filing deadline
IR-2025-66, June 9, 2025 — The Internal Revenue Service today highlighted several resources to help taxpayers who missed the April 2025 federal income tax return filing deadline and owe taxes, interest and penalties.
MO-2025-02, June 9, 2025 — The Internal Revenue Service announced today tax relief for individuals and businesses in parts of Missouri that were affected by severe storms, straight-line winds, tornadoes, and wildfires that began on March 14, 2025. These taxpayers now have until Nov. 3, 2025, to file various federal individual and business tax returns and make tax payments.
IRS reminder: the second quarter estimated tax payment deadline is June 16
IR-2025-65, June 6, 2025 — The Internal Revenue Service today reminded taxpayers that second quarter 2025 estimated tax payment is due Monday, June 16.
IRS Nationwide Tax Forum early bird registration expires June 10
IR-2025-64, June 5, 2025 — The Internal Revenue Service today reminded tax pros the early bird registration rate for the 2025 IRS Nationwide Tax Forum expires on Tuesday, June 10.
IRS releases fiscal year 2024 Data Book describing agency’s activities
IR-2025-63, May 29, 2025 — The Internal Revenue Service today issued its annual Data Book detailing the agency’s activities during fiscal year 2024 (Oct. 1, 2023 – Sept. 30, 2024).
Tax pros: Register now for the 2025 IRS Nationwide Tax Forum
IR-2025-62, May 27, 2025 — The IRS encourages tax professionals to register now for the 2025 IRS Nationwide Tax Forum, coming this summer to Chicago, New Orleans, Orlando, Baltimore and San Diego.
U.S. taxpayers living, working abroad must file 2024 tax return by June 16 deadline
IR-2025-61, May 22, 2025 — The Internal Revenue Service encourages taxpayers living and working abroad to file their 2024 federal income tax return and pay any tax due by Monday, June 16, 2025.
IR-2025-60, May 13, 2025 — The Internal Revenue Service is now accepting applications for the Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grants.
Interest rates remain the same for third quarter of 2025
IR-2025-59, May 12, 2025 — The Internal Revenue Service announces that interest rates will remain the same for the calendar quarter beginning July 1, 2025.
IRS opens application period for Low Income Taxpayer Clinic grants May 15
IR-2025-58, May 9, 2025 — The Internal Revenue Service will begin accepting applications for Low Income Taxpayer Clinic matching grants from all qualified organizations from May 15, 2025, to July 14, 2025. The period of performance for the grant will be Jan. 1, 2026, to Dec. 31, 2026.
IRS reminds taxpayers and small businesses to look out for scams
IR-2025-57, May 8, 2025 — The Internal Revenue Service joins in celebrating National Small Business Week by reminding taxpayers and small businesses that, even though the April 15, 2025, tax filing deadline has passed, it is important to stay vigilant against scams and fraud year-round.
IRS celebrates entrepreneurs and small business owners during National Small Business Week
IR-2025-56, May 2, 2025 — The Internal Revenue Service celebrates National Small Business Week, May 4-10, with important tools and insights for entrepreneurs and small business owners to protect their businesses and successfully navigate tax filing requirements.
News release and fact sheet archive
News releases and fact sheets from November 2002 forward and an archive of news releases and fact sheets in PDF format back to 1997.
Helpful links
- Internal Revenue Service progress update – Fiscal year 2021 PDF
- Internal Revenue Service progress update – Fiscal year 2020 PDF
- Tax reform resources
Get free materials to share with your customers, employees, volunteers, etc. about the Tax Cuts and Jobs Act.
Prepared comments, statements and remarks by the IRS Commissioner.
Filing season statistics showing cumulative and comparative totals.
A collection of news releases about IRS criminal investigation prosecutions.
