Category: IRS News

2026 IRS EITC Symposium

30 Jan 26
Craig Smith
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The Earned Income Tax Credit (EITC) Symposium brings together tax professionals, community partners, and stakeholders to explore current developments, compliance challenges, and outreach strategies related to the EITC. This recorded session features expert insights and practical perspectives on improving program integrity while ensuring eligible taxpayers receive the credits they’ve earned. Whether you’re involved in policy, enforcement, or taxpayer assistance, this symposium offers valuable context and actionable takeaways to support effective EITC administration.

2026 EITC Symposium Recording – Click Here

SPEC Employee/Partner Webcast – 12/2/25

05 Dec 25
Craig Smith
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Message From SPEC

In order to increase awareness and provide information to SPEC partners, on Tuesday, December 2nd , IRS SPEC hosted their monthly Employee and Partner Joint Webinar Session. The session was recorded, and we want to make sure it is available for our partners and volunteers who were unable to join. All partners and volunteers are invited to view the recording. If there are any questions or concerns, please reach out to your Relationship Manager and SPEC will address your concerns and provide answers to your questions.

Joint Webcast Recording – CLICK HERE

SPEC Employee/Partner Joint Session – 11/5/2025

07 Nov 25
Craig Smith
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Message From SPEC

In order to increase awareness and provide information to SPEC partners, on Wednesday, November 5th, IRS SPEC hosted their monthly Employee and Partner Joint Webinar Session. The session was recorded, and we want to make sure it is available for our partners and volunteers who were unable to join. All partners and volunteers are invited to view the recording. If there are any questions or concerns, please reach out to your Relationship Manager and SPEC will address your concerns and provide answers to your questions.

Joint Webcast Recording – CLICK HERE

SPEC Intake/Interview & Quality Review Training – 10/22/25

29 Oct 25
Craig Smith
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Message On Behalf Of SPEC

In preparation for the 2026 Filing Season, SPEC provided training on Intake/Interview and Quality Review. These are key components to ensuring that our VITA/TCE sites maintain the highest standards of quality and accuracy when preparing tax returns. The Intake/Interview and Quality Review Training is based on the Publication 5838, VITA/TCE Intake/Interview and Quality Review Handbook. If there are questions concerning intake, interview and quality review or Form 13614-C in reference to this training, they can be submitted to the SPEC Relationship Manager for your organization.

Joint SPEC Webinar – October 22, 2025CLICK HERE

October Employee and Partner Joint Webinar Session

16 Oct 25
Craig Smith
No Comments

Message On Behalf Of SPEC

In order to increase awareness and provide information to SPEC partners, on Tuesday, October 7th, IRS SPEC hosted their monthly Employee and Partner Joint Webinar Session. The session was recorded and we want to make sure it is available for our partners and volunteers who were unable to join. All partners and volunteers are invited to view recording. If there are any questions or concern, please reach out to your Relationship Manager and SPEC will address your concerns and provide answers to your questions. Note: The first five (5) minutes of the session was not recorded due to technical difficulties, we truly apologize for the inconvenience.

Joint SPEC Webinar – October 7, 2025CLICK HERE

IRS Newswire: FAQs for modification of sections 25C, 25D, 25E, 30C, 30D, 45L, 45W, AND 179D under Public Law 119-21, 139 Stat. 72 (July 4, 2025), commonly known as the One, Big, Beautiful Bill Act (OBBB).

22 Aug 25
Kim Manuel
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This fact sheet provides answers to frequently asked questions (FAQs) related to § 45Z of the Internal Revenue Code.

These FAQs are being issued to provide general information to taxpayers and tax professionals as expeditiously as possible. Accordingly, these FAQs may not address any particular taxpayer’s specific facts and circumstances, and they may be updated or modified upon further review. Because these FAQs have not been published in the Internal Revenue Bulletin, they will not be relied on or used by the IRS to resolve a case. Similarly, if an FAQ turns out to be an inaccurate statement of the law as applied to a particular taxpayer’s case, the law will control the taxpayer’s tax liability. Nonetheless, a taxpayer who reasonably and in good faith relies on these FAQs will not be subject to a penalty that provides a reasonable cause standard for relief, including a negligence penalty or other accuracy-related penalty, to the extent that reliance results in an underpayment of tax. Any later updates or modifications to these FAQs will be dated to enable taxpayers to confirm the date on which any changes to the FAQs were made. Additionally, prior versions of these FAQs will be maintained on IRS.gov to ensure that taxpayers, who may have relied on a prior version, can locate that version if they later need to do so.

More information about reliance is available. These FAQs were announced in IR-2025-86.

1.Which energy credits and deductions are expiring under OBBB, and what are their new termination dates?

OBBB accelerated the termination of several energy credit and deduction provisions.  The following incentives expire the soonest:

Code Section Section Title  Termination Date
25C Energy efficient home improvement credit The credit will not be allowed for any property placed in service after December 31, 2025.
25D Residential clean energy credit The credit will not be allowed for any expenditures made after December 31, 2025.
25E Previously-owned clean vehicles credit The credit will not be allowed with respect to any vehicle acquired after September 30, 2025.
30C Alternative fuel vehicle refueling property credit The credit will not be allowed for any property placed in service after June 30, 2026.
30D New clean vehicle credit The credit will not be allowed for any vehicle acquired after September 30, 2025.
45L New energy efficient home credit The credit will not be allowed for any qualified new energy efficient home acquired after June 30, 2026.
45W Qualified commercial clean vehicle credit The credit will not be allowed for any vehicle acquired after September 30, 2025.
179D Energy efficient commercial buildings deduction The deduction will not be allowed with respect to any property the construction of which begins after June 30, 2026.

IRS announces no changes to individual information returns or withholding tables for 2025 under the One Big Beautiful Bill Act

07 Aug 25
Kim Manuel
No Comments

IR-2025-82, Aug. 7, 2025

WASHINGTON – The Internal Revenue Service 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.

Key points for TY 2025 relating to OBBBA provisions:

  • Form W-2, existing Forms 1099, and Form 941 and other payroll return forms will remain unchanged for TY 2025.
  • Federal income tax withholding tables will not be updated for these provisions for TY 2025.
  • Employers and payroll providers should continue using current procedures for reporting and withholding.

These decisions are intended to avoid disruptions during the tax filing season and to give the IRS, business and tax professionals enough time to implement the changes effectively.

For more information visit, One Big Beautiful Bill Act of 2025 Provisions.

Looking ahead to TY 2026

The IRS is working on new guidance and updated forms for TY 2026. These will include changes to how tips and overtime pay are reported. The IRS will coordinate with employers, payroll providers and tax professionals to ensure a smooth transition.

More information will be shared in the coming months about how taxpayers can claim OBBBA-related tax benefits when they file their returns. The Treasury Department and the IRS are preparing additional guidance for both reporting entities and individual taxpayers.

1040 MeF (E-file) Production Shutdown – November 30th

07 Nov 24
Craig Smith
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The IRS has indicated shutdown begins on Saturday, November 30, 2024, at 11:59 p.m. Eastern time, in order to prepare the system for the upcoming Tax Year 2024 Filing Season. After this date and time, no returns can be electronically filed. Additional information available here.

Note: TaxSlayer Pro applications will still be available after the cutover, but if you prepare returns, you will need to file them via paper until the IRS brings their 1040 MeF system back online in late January. When the 1040 MeF system comes back online, you will be able to electronically file the following years: 2024, 2023, and 2022.