Issue Number:  IR-2025-89 IRS urges emergency preparedness ahead of peak disaster season IR-2025-89, Sept. 4, 2025 WASHINGTON — As hurricane season peaks and wildfire risks remain high, the IRS urges individuals and businesses to create or update their emergency preparedness plans as part of National Preparedness Month. Disaster readiness starts with safeguarding critical documents, recording valuables and knowing how to access IRS support. Keeping updated records can speed up recovery and make it easier to apply for disaster assistance and emergency relief if a disaster strikes. Safeguard important records Store essential documents like tax returns, birth certificates, Social Security cards, insurance policies, and property titles in waterproof, fireproof containers. Create digital backups and consider keeping copies with a trusted contact outside the disaster-prone area. Inventory property and assets Maintain a detailed list of personal and business property. Photos, videos and written descriptions (including make, model and year) can support insurance and tax claims. IRS disaster loss workbooks can help individuals and businesses catalog possessions and business equipment. Reconstruct records if needed If original documents are lost, banks and other institutions usually can provide electronic copies. The IRS offers resources to help reconstruct records. Employers: Review payroll protections Employers should confirm their payroll service providers have a fiduciary bond for added protection. Any business can create an Electronic Federal Tax Payment System (EFTPS) account to make secure, trackable online or phone payments, vital if displaced during a disaster. Visit EFTPS.gov to enroll. IRS disaster relief is available When a federal disaster is declared, the IRS often delays filing and payment deadlines. Relief is automatically applied based on the IRS address of record. Taxpayers outside affected areas, including relief workers or those with impacted tax records, may request assistance by calling 866-562-5227. Uninsured disaster losses can be deducted on the tax return for the year of the loss or the prior year. See Publication 547, Casualties, Disasters, and Thefts for details. Learn more National Preparedness Month – Ready.gov IRS Tax Relief in Disaster Situations DisasterAssistance.gov U.S. Small Business Administration, Office of Disaster Recovery and Resilience Federal Emergency Management Agency   Back to Top

IR-2025-87, Aug. 25, 2025

WASHINGTON — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Oct. 1, 2025.

For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily. Here is a complete list of the rates:

• 7% for overpayments (payments made in excess of the amount owed), 6% for corporations.
• 5% for the portion of a corporate overpayment exceeding $10,000.
• 7% for underpayments (taxes owed but not fully paid).
• 9% for large corporate underpayments.

Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.

Generally, in the case of a corporation, the underpayment rate is the federal short-term rate plus 3 percentage points and the overpayment rate is the federal short-term rate plus 2 percentage points. The rate for large corporate underpayments is the federal short-term rate plus 5 percentage points. The rate on the portion of a corporate overpayment of tax exceeding $10,000 for a taxable period is the federal short-term rate plus one-half (0.5) of a percentage point.

The interest rates announced today are computed from the federal short-term rate determined during July 2025. See the revenue ruling for details.

Revenue Ruling 2025-18 announcing the rates of interest will appear in Internal Revenue Bulletin 2025-37, dated Sept. 8, 2025. 

The IRS this week issued frequently asked questions regarding the modification of sections 25C, 25D, 25E, 30C, 30D, 45L, 45W, and 179D under the One, Big, Beautiful Bill (OBBB). The FAQs provide guidance on several energy credits and deductions that are expiring under OBBB and their termination dates.

IR-2025-85, Aug. 21, 2025

WASHINGTON – The IRS invites the public to participate in an anonymous feedback survey on tax preparation and filing options, which will run through Sept. 2, 2025.

The survey is being conducted as part of the Department of Treasury and the IRS’s efforts to fulfill a reporting requirement to Congress under the One, Big, Beautiful Bill Act. The law directs Treasury to deliver a report to Congress by Oct. 2, 2025, on several key issues related to free tax filing options for the public.

Treasury and the IRS encourage taxpayers to share their perspectives and help inform this important congressional report.

To participate, visit the Free Online Tax Preparation Feedback Survey or the IRS.gov landing page. Participation is anonymous.

eBook: The OBBB Just Passed

Download today to The One Big Beautiful Bill Act: A Tax Planning Revolution for Accounting Firms

Inside, You’ll Discover:

 ✓ How 100% permanent bonus depreciation creates immediate six-figure savings opportunities for your business clients
✓ The new QBI deduction thresholds that make pass-through entities more attractive than ever (and how to maximize the benefits)
✓ Why the temporary SALT cap increase to $40,000 creates a 5-year planning window you can't afford to miss
✓ The retroactive R&D expense deduction that could generate massive refunds for qualifying businesses back to 2022
✓ How to leverage Section 1202 QSBS modifications for clients considering business exits
✓ The exact ROI Method™ to price your tax planning services at $4,800+ (instead of $218 for tax prep)
✓ Real examples of how combining OBBA strategies creates exponential tax savings for clients

The IRS recently updated the mailing addresses where certain tax forms for certain states should be filed. Please ask your SLs and STAs to inform their tax pro stakeholders and other stakeholders as appropriate.

Some mailing addresses for the following forms were updated:

•           1040

•           1040-SR

•           1040-ES

•           4868

•           940

•           941

•           943

•           944

•           945

Most pages on IRS.gov now seem to reflect the correct addresses, but the latest revision of Publication 3891 has not yet been posted. Therefore, please share the attached version of the Publication 3891 rather than linking to the version on IRS.gov for now.

Please share as appropriate, especially on your website

IRS also appreciate any feedback, concerns, or issues that will help us improve our services….

Treasury Issues Request for Comment Related to the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act

The U.S. Department of the Treasury issued a Request for Comment required by the GENIUS Act, which furthers the Administration’s policy of supporting the responsible growth and use of digital assets, as outlined in Executive Order (E.O.) 14178 on “Strengthening American Leadership in Digital Financial Technology.” This request for comment offers the opportunity for interested individuals and organizations to provide feedback on innovative or novel methods, techniques, or strategies that regulated financial institutions use, or could potentially use, to detect illicit activity involving digital assets. In particular, Treasury asks commenters about application program interfaces, artificial intelligence, digital identity verification, and use of blockchain technology and monitoring. As required by the GENIUS Act, Treasury will use public comments to inform research on the effectiveness, costs, privacy and cybersecurity risks, and other considerations related to these tools.

Treasury News Release: https://home.treasury.gov/news/press-releases/sb0228

Federal Register Notice: https://www.federalregister.gov/documents/2025/08/18/2025-15697/request-for-comment-on-innovative-methods-to-detect-illicit-activity-involving-digital-assets

1.  IRS Nationwide Tax Forum: Designed for the Tax Pro

Time is running out to register for the largest and longest-running IRS education and outreach program designed specifically for tax professionals -- the IRS Nationwide Tax Forum. The Tax Forum provides an unparalleled opportunity to learn from experts, connect with IRS officials and gain valuable insights into the world of tax.

Our expert-led seminars, workshops and networking events are tailored to the needs of tax professionals at all levels of expertise, ensuring you have the knowledge and tools you need to excel in your career.

Attendees can also meet dozens of exhibitors in the Tax Forum Expo Hall, attend a Monday evening Practice Management session and network with colleagues.

Registration is still available for Orlando (Aug. 26 – 28) and Baltimore (Sept. 9-11). To register, visit IRS Nationwide Tax Forum today.

IR-2025-83, Aug. 12, 2025

WASHINGTON —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. The IRS and Security Summit also remind tax professionals that using multi-factor authentication is a best practice and a federal requirement to protect clients’ sensitive information.

The IRS Identity Protection PINs, also referred to as IP PINs, are a critical defense tool against identity thieves. The IRS encourages all tax pros and taxpayers to establish an  IRS Online Account that allows secure access to IRS account information online. This account also guards against fraudsters from attempting to create accounts on their behalf.

What Tax Pros should know about MFA  

A key part of tax professional security now focuses on MFA, which strengthens account security by requiring more than just a username and password to confirm an identity when accessing any system, application or device. Key points include:

• All tax professionals are required to use MFA to protect clients’ sensitive information under the Federal Trade Commission’s (FTC) safeguards rule.
• Authentication factors include something only a user knows, like a username and password; something they have, like a token or random number sequence sent to their cell phone; or something unique, like biometric information.
• These factors assure that a tax professional’s client, not an impostor, is gaining access.
• MFA helps protect against phishing, social engineering and other technology attacks that exploit weak or stolen passwords.
• MFA best implementation practices include:         

In addition, MFA should be used to secure client information on a tax pro’s computer or network and to access client information stored within their tax preparation software. MFA is required by law for all companies – not just tax professionals. The size of the company does not matter. Failure to use MFA in tax prep software violates the FTC safeguards rules.

IP PIN facts and how to get one  

Here are a few key things taxpayers and tax professionals should know about the IP PIN:

• It’s a six-digit number known only to the taxpayer and the IRS.
• The opt-in program is voluntary, though strongly encouraged.
• The IP PIN is valid for one calendar year; a new IP PIN is generated yearly.
• Only taxpayers who can verify their identities may obtain an IP PIN.
• IP PIN users should never share their number with anyone but the IRS and their trusted tax preparation provider. The IRS will never call, email or text a request for the IP PIN.
• Tax professionals cannot obtain an IP PIN on behalf of clients; taxpayers must obtain their own.
• To obtain an IP PIN, visit the IRS Get an IP PIN page.
• The IP PIN process for confirmed victims of identity theft remains unchanged, and victims will automatically receive an IP PIN each year.

IRS Online Account and Tax Pro Account

In addition to enrolling in the IP PIN program, the IRS encourages taxpayers to establish an IRS Online Account and tax professionals to create their Tax Pro Account.

IRS Online Account

• Provides secure online access to IRS account information.
• Helps prevent fraudsters from creating a false account.
• Allows taxpayers to share information with a trusted tax professional.

Tax Pro Account

• Offers secure management of active client authorizations.
• Enables submission of authorization requests directly to a taxpayer’s IRS Online Account.
• Allows requests for power of attorney or tax information authorization from clients.

These tools help protect against the threat of tax-related identity theft for taxpayers and tax professionals alike. Learn more at Tax Pro Account.

Security Summit and the Nationwide Tax Forums

The “Protect Your Clients, Protect Yourself" summer series is part of an annual education effort by the Security Summit. This group includes tax professionals, industry partners, state tax agencies and the IRS. The public-private partnership has worked since 2015 to protect the tax system against tax-related identity theft and fraud.

Security is a key focus of the Nationwide Tax Forum, which is being held in five cities this summer throughout the U.S. In addition to the series of five news releases, tax professional security will be featured at the forums, which are three-day continuing education events. The remaining forums are Aug. 26 in Orlando, Sept. 9 in Baltimore and Sept. 16 in San Diego. 

The IRS reminds tax pros that registration deadlines are quickly approaching for several forums, which can sell out.

Tax professionals should also stay connected to the IRS through subscriptions to e-News for tax professionals and IRS social media sites.

Washington, D.C.—On August 8, 2025, President Trump removed Billy Long, the former auctioneer and congressman, from his position as IRS Commissioner. Mr. Long’s tenure as IRS Commissioner ended just two months after he was confirmed for the post. Treasury Secretary Scott Bessent, the seventh individual to lead IRS, will serve as acting commissioner until the administration finds and confirms a new commissioner. While Mr. Long had previously told tax practitioners last month that the IRS tax filing season for 2025 returns would start late next year, he then retracted this statement in a subsequent post.    Mr. Long’s departure increases the IRS management turmoil that has rocked the agency since Danny Werfel, former President Biden’s IRS commissioner, left office in January 2025. The IRS, faced with writing the rules for and providing information about the new tax law changes, has lost more than 25,000 people since President Trump took office.