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Tax Newsletter – June 2025

In this Issue:

(Note: Click on the Issue # (a link) to navigate directly to the Issue section. Click any Basics logo a blue and white circle with a triangle in the center to navigate back to the top of the page. The đź“Śhelps to identify the embedded resource link.)

a blue and white circle with a triangle in the center Note: Our June 26, 2025 Quarter Tax Update – Part 1 đź“Ś Webinar will include the latest elements of the “One, Big Beautiful Bill”. Until then, Issue 1 gives you a timely summary.

As of May 27, 2025, the Senate has not yet taken up “The One Big Beautiful Bill.” While the House of Representatives passed the bill on May 22, 2025, according to a House Ways and Means Committee press release, it now awaits action in the Senate. The Senate is expected to consider its own version of the legislation, potentially with significant differences. 

The bill is now assigned to the Senate, which means it will be sent to an appropriate committee for review and study. If the committee approves the bill, it will be placed on the Senate calendar for debate and potential amendments. Once both the House and Senate pass the bill in identical form, it can be presented to the President for signature. 

a blue and white circle with a triangle in the center Issue 1: One Big, Beautiful Bill

On Thursday, May 22, 2025, the House passed a sweeping bill full of President Trump’s legislative priorities, but kicking off what’s expected to be a bitter battle with the Senate achieving key parts of the White House’s policy agenda.

42 pages of amendments were proposed, and some were incorporated into the final bill.

  • Passes in a knife-edge 215-214 vote, two Republicans vote no, one falls asleep
  • Would add $3.8 trillion to the US debt, stirring investor concern
  • Makes Permanent President Trump’s Pro-Family Tax Cuts from 2017
  • The lower tax rates and brackets.
  • The doubled guaranteed Standard Deduction
  • The doubled Child Tax Credit (CTC)
  • The Alternative Minimum Tax Relief for nearly 8 million filers
  • The increased Death Tax Exemption for millions of small businesses & family farms
  • Builds on the Trump Tax Cuts’ expansion of educational freedom and savings options for families and students
  • Enhances President Trump’s Child Tax Credit
  • Increases the CTC by $500 – the amount had it been inflation-adjusted since 2017 and indexes the CTC amount for inflation moving forward for tax years 2025-2028
  • Adds additional SSN requirements for parents claiming the CTC
  • Supports Savings for New Families
  • Establishes Savings Accounts for newborns to support growth and advancement
  • Increases access to the Adoption Tax Credit
  • Builds on the Trump Tax Cuts’ incentives for Paid Leave and Childcare
  • Strengthens the Paid Family and Medical Leave Credit from the Trump Tax Cuts
  • Quadruples the maximum Employer-Provided Childcare Credit and adds additional relief for small businesses providing childcare
  • Lowers the Cost of Health Care
  • Expands Health Savings Accounts for Americans to take control of their health care
  • Codifies Trump Individual Coverage Health Reimbursement Arrangements, increasing coverage options for 350,000 individuals

Some Issues to NOTE:

✔️ Sec. 110103. Enhanced deduction for seniors.
  • Current Law: Not applicable.
    • Provision: This provision provides a deduction for seniors (age 65 or older) of $4,000 per eligible filer, with a modified adjusted gross income that does not exceed $75,000 for single filers ($150,000 for married filing jointly)
    • The senior deduction is available to both itemizers and non-itemizers.
    • The deduction is allowed for tax years 2025 through 2028
✔️ Sec. 110104. No tax on car loan interest.
  • Current Law: Not applicable.
    • Provision: This provision creates an above-the-line deduction of up to $10,000 for qualified passenger vehicle loan interest during a given taxable year.
    • The deduction phases out starting when the taxpayer’s modified adjusted gross income exceeds $100,000 ($200,000 in the case of a joint return).
    • For purposes of the deduction, an applicable passenger vehicle of which interest can be deducted is (1) manufactured primarily for use on public streets, roads, and highways; (2) which has at least two wheels; (3) which is a car, minivan, van, sport utility vehicle, pickup truck, or motorcycle; and (4) the final assembly of which occurs in the U.S.
    • For the purposes of the deduction, an applicable passenger vehicle also includes all-terrain vehicles and recreational vehicles which the final assembly of which occurs in the U.S.
    • The deduction is allowed from tax years 2025 through 2028.
✔️ Sec. 110010. Termination of miscellaneous itemized deduction
  • Current Law: Under current law, individuals will be permitted to deduct certain miscellaneous itemized deductions in taxable years beginning after December 31, 2025.
    • Provision: This provision permanently eliminates miscellaneous itemized deductions.
✔️ Sec. 110101. No tax on tips.
  • Current Law: Not applicable.
    • Provision: This provision creates an above-the-line deduction for qualified tips received by an individual in an occupation which traditionally and customarily receives tips during a given taxable year.
    • In order to be considered a qualified tip, the tip amount must be paid voluntarily, is not subject to negotiation, and is determined by the payor. The deduction is allowed for both employees receiving a W-2 and independent contractors receiving a 1099-K, 1099-NEC, or reported by the taxpayer on Form 4317.
    • Qualified tips must be received voluntarily by an individual in an occupation that traditionally and customarily receives tips on or before December 31, 2024, as provided by the Secretary of the Treasury.
    • Furthermore, qualified tips do not include any amount received in the course of a specified service trade or business as defined in Internal Revenue Code (IRC) § 199A(d)(2)).
    • Additionally, highly compensated employees or workers with earned income exceeding the dollar amount in effect under IRC section 414(q)(1)(B)(i) are ineligible to receive the deduction.
    • A work-eligible Social Security number is required in order to claim the deduction. The deduction is allowed from tax years 2025 through 2028.
✔️ Sec. 110102. No tax on overtime.
  • Current Law: Not applicable.
    • Provision: This provision creates an above-the-line deduction for overtime premium pay during a given taxable year. Qualified overtime compensation means overtime compensation paid to an individual required under § 7 of the Fair Labor Standards Act of 1938 that is in excess of the regular rate (as used in such a section) at which such individual is employed. Additionally, taxpayers who are highly compensated employees or with earned income exceeding the dollar amount in effect under IRC § 414(q)(1)(B)(i) are ineligible to receive the deduction. A work-eligible Social Security number is required in order to claim the deduction. The deduction is allowed from tax years 2025 through 2028.
✔️ Sec. 110112. Reinstatement of partial deduction for charitable contributions of individuals who do not elect to itemize.
  • Current Law: Under current law, only taxpayers who itemize are able to deduct their charitable contributions.
    • Provision: This provision creates a temporary deduction for non-itemizing taxpayers up to $150 for single filers ($300 for married filing jointly) for charitable cash contributions for tax years 2025 through 2028.
    • The charitable contribution must be made to a qualified charity and cannot be made to Donor-Advised Funds or supporting organizations.
✔️ Sec. 110204. Individuals entitled to Part A of Medicare by reason of age allowed to contribute to health savings accounts.
  • Current Law: Individuals entitled to Medicare Part A are ineligible to contribute to a health savings account (HSA) even if they are still enrolled in a private high-deductible health plan (HDHP).
    • Provision: This provision allows working seniors who are eligible for Medicare Part A, but enrolled in an HDHP, to continue contributing to an HSA.
    • The current guardrails that apply to individuals that are under 65 and are contributing to HSAs would continue to apply to this population, including a penalty on non-qualified medical expenses purchases.
✔️ Sec. 111105. Increase in threshold for requiring information reporting with respect to certain payees.
  • Current Law: Under current law, the reporting threshold for payments by a business for services performed by an independent contractor or subcontractor and for certain other payments is generally $600. In some cases, the reporting threshold is based on payments made during the taxable year.
    • Provision: This provision generally increases the threshold to $2,000 and adjusts it for inflation for taxable years beginning after December 31, 2024.
    • The new threshold is based on payments during the calendar year. This provision applies to payments made after December 31, 2024.
✔️ Sec. 111106. Repeal of excise tax on indoor tanning services.
  • Current Law: Under current law, there is a 10 % excise tax on amounts paid for indoor tanning services. Indoor tanning services include any services employing any electronic product designed to incorporate one or more ultraviolet lamps, intended for irradiation of an individual by ultraviolet radiation (wavelengths between 200 and 400 nanometers) to induce skin tanning.
    • Provision: This provision repeals the excise tax on indoor tanning services effective on the date of enactment.
✔️ Sec. 112002. Termination of clean vehicle credit.
  • Current Law: Under current law, taxpayers may claim a tax credit of up to $7,500 for clean new vehicles placed in service in a given taxable year. The maximum credit is comprised of two equal parts: the first $3,750 credit value is determined based on the critical mineral sourcing of the vehicle’s battery and the second $3,750 credit value is determined based on the sourcing of the battery components. The credit is limited to incomes of $150,000 for single filers, $225,000 for head of household filers, and $300,000 for joint filers. The credit is available to vans with a Manufacturer’s Suggested Retail Price (MSRP) of $80,000, SUVs with a MSRP of $80,000, pickup trucks with an MSRP of $80,000, and other vehicles with a MSRP of $55,000. The credit is set to expire December 31, 2032.
    • Provision: This provision accelerates the expiration to December 31, 2025. This provision also implements a special rule for taxable year 2026 that only allows vehicles produced by manufacturers that have not sold 200,000 new clean vehicles as of December 31, 2025, to qualify for the credit.
✔️ Sec. 112003. Termination of qualified commercial clean vehicles credit.
  • Current Law: Under current law, taxpayers may claim a tax credit for commercial clean vehicles placed in service in a taxable year. For vehicles weighing less than 14,000 pounds the credit value is $7,500 and for other vehicles the credit value is $40,000. The credit is set to expire December 31, 2032.
    • Provision: This provision accelerates the expiration to December 31, 2025. This provision also implements a special rule allowing vehicles acquired pursuant to a written binding contract entered into before May 12, 2025, to qualify for the credit.
✔️ Sec. 112005. Termination of energy efficient home improvement credit.
  • Current Law: Under current law, taxpayers may claim a tax credit for household energy efficient improvements. The value of the credit is 30 percent of qualified energy efficient improvements, residential energy property, or home energy audits not exceeding $1,200 annually ($2,000 if for heat pumps and biomass stoves). The credit expires December 31, 2032.
    • Provision: This provision accelerates the expiration to December 31, 2025.
✔️ Sec. 112006. Termination of residential clean energy credit.
  • Current Law: Under current law, taxpayers may claim a credit for residential expenditures for solar electric property, solar water heating property, fuel cell property, small wind energy property, geothermal heat pump property, and battery storage property. The value of the credit is 30 percent of the expenditures through December 31, 2032, 26 percent of expenditures in taxable year 2033, and 22 percent expenditures in taxable year 2034.
    • Provision: This provision accelerates the expiration to December 31, 2025.
✔️ Sec. 112007. Termination of new energy efficient home credit.
  • Current Law: Under current law, contractors may claim a credit for homes built that meet certain Energy Star standards. Homes that are considered Zero Energy Ready are eligible for a $5,000 credit and homes certified at a lower energy efficient level are eligible for a credit of either $2,500 or $1,000. The credit expires December 31, 2032.
    • Provision: This provision accelerates the expiration to December 31, 2025. This provision includes a special rule allowing homes that have commenced construction before May 12, 2025, to qualify for the credit if they are acquired by December 31, 2026.
✔️ Sec. 112018. Limitation on individual deductions for certain State and local taxes, etc.
  • Current Law: Under current law, in the case of an individual, the itemized deduction for state and local taxes is capped at $10,000 ($5,000 for a married taxpayer filing a separate return) (the “SALT cap”). In general, income taxes paid or accrued in carrying on a trade or business or an income-producing activity are subject to the SALT cap. The SALT cap is set to expire for taxable years beginning after December 31, 2025.
    • Provision: This provision would increase the SALT cap to $40,000 ($20,000 for a married taxpayer filing a separate return).
    • In the case of a taxpayer with modified adjusted gross income (MAGI) over $400,000 ($200,000 for a married taxpayer filing a separate return), the cap would phase down by 20 % of the excess of MAGI over the threshold until it reaches $10,000 ($5,000 for a married taxpayer filing a separate return).
    • This provision would extend the SALT cap permanently for taxable years beginning after December 31, 2025.
    • This provision also includes several changes to prevent the avoidance of the SALT cap.
    • Generally, this provision clarifies and modifies the list of taxes subject to the SALT cap (“specified taxes”); provides that certain payments that substitute for specified taxes are also subject to the SALT cap; requires partnerships and S corporations to treat specified taxes as separately stated items; imposes an addition to tax in certain cases where a partnership makes a state or local tax payment, one or more partners receives a state or local tax benefit, and the allocation of the tax payment differs from the allocation of the tax benefit; prevents the capitalization of specified taxes; and grants the Secretary of the Treasury regulatory authority to prevent avoidance of the SALT cap.
✔️ IN Addition:
  • The U.S. House of Representatives passed six bipartisan bills this week dealing with the IRS – four focused on improving tax administration and two aimed at helping victims of disasters. Three bills passed on a voice vote, and three passed unanimously. The bills were sent to the Senate, which referred them to the Finance Committee.
    • R. 998, the Internal Revenue Service Math and Taxpayer Help Act đź“Ś, which requires notices describing a mathematical or clerical error to be explained in plain language. It also requires the Treasury secretary to provide additional procedures for requesting an abatement of a math or clerical error adjustment, including by telephone or in person, among other provisions.
    • R. 1152, the Electronic Filing and Payment Fairness Act đź“Ś, which applies the “mailbox rule” to electronically submitted tax returns and payments to allow the IRS to record payments and documents submitted electronically on the date of receipt instead of when they are received or reviewed at a later date.
    • R. 517, the Filing Relief for Natural Disasters Act đź“Ś, which gives the IRS the authority to grant tax relief when a governor declares either a disaster or a state of emergency. This is a change from the current process, which allows the IRS to grant the tax relief only after a federal disaster declaration, which may happen weeks after a state declaration. The bill also expands the mandatory federal filing extension under § 7508(d) from 60 days to 120 days.
    • R. 1491, the Disaster-Related Extension of Deadlines Act đź“Ś,which extends the amount of time disaster victims have to file for a tax refund or credit, i.e., the lookback period, by the amount of time afforded pursuant to a disaster relief postponement period for disaster victims. This legislative solution would place taxpayers on equal footing as taxpayers not affected by major disasters and would afford greater clarity and certainty to taxpayers and tax practitioners regarding this lookback period.
  • The House approved two other IRS-focused bills:
    • R. 997, the National Taxpayer Advocate Enhancement Act of 2025đź“Ś, which authorizes the national taxpayer advocate (NTA) to appoint legal counsel within the Taxpayer Advocate Service (TAS) to report directly to the NTA. The bill also expands the NTA’s authority to take personnel actions with respect to local taxpayer advocates to include actions with respect to any TAS employee. Currently, under an order from Treasury, all legal counsels whose duties include providing legal advice to any official in any office or bureau of Treasury are part of the legal division within Treasury and under the supervision of the general counsel, with limited exceptions.
    • H.R. 1155, the Recovery of Stolen Checks Act đź“Ś, which requires Treasury to establish procedures that allow an eligible taxpayer to choose direct deposit of a replacement of a federal tax refund when the original paper check was lost or stolen. Currently, taxpayers generally are issued another paper check.
✔️ Summary:
  • The full 47-page version of the house bill is available here: The One Big Beautiful Bill – Section-by-Section đź“Ś
  • Note: Our summary isn’t based on the final House-passed version—42 amendments were added later. This link gives you a solid overview, but the bill still faces changes in the Senate.

a blue and white circle with a triangle in the center Issue 2: Time to Review Those Common Scams

✔️ Social media: Fraudulent form filing and bad advice 📌

Social media can circulate inaccurate or misleading tax information, and the IRS has recently seen schemes that encourage people to submit false, inaccurate information in hopes of getting a refund or taking advantage of a credit, such as the Employee Retention Credit and the Fuel Tax Credit. Taxpayers should always remember that if something sounds too good to be true, it probably is.

✔️ Bogus self-employment tax credit 📌

Social media advice continues to circulate about a non-existent “Self-Employment Tax Credit” that’s misleading taxpayers into filing false claims. Promoters market it as a way for self-employed people and gig workers to get payments of up to $32,000 for the COVID-19 pandemic period.

In reality, the underlying credit being referred to in social media is not called the “Self-Employment Tax Credit,” it’s a much more limited and technical credit called the Credits for Sick Leave and Family Leave. Many people simply do not qualify for these credits, and the IRS is closely reviewing claims coming in under this provision.

✔️ Online Account help from third-party scammers 📌

Scammers pose as a “helpful” third party and offer to help create a taxpayer’s IRS Online Account at IRS.gov, but their real goal is to steal personal information. Taxpayers should access their account directly through IRS.gov.

✔️ Phishing and Spear phishing 📌

Taxpayers and tax professionals should be alert to fake communications posing as legitimate organizations in the tax and financial community, including the IRS and the states. These messages arrive in the form of an unsolicited text or email to lure victims into providing valuable personal and financial information that can lead to identity theft.

Spear phishing is a tailored phishing attempt targeting a specific individual or group. Tax professionals need to be very careful about spear phishing because of the risk of data breach. A successful spear phishing attack can ultimately steal client data and the tax preparer’s identity, allowing the thief to file fraudulent returns.

✔️ Unscrupulous tax return preparers 📌

Most tax preparers provide outstanding professional service. However, people should be careful of shady tax professionals and watch for common warning signs, including charging a fee based on the size of the refund. A major red flag or warning sign is when the tax preparer is unwilling to sign on the dotted line. Avoid these “ghost” preparers, who will prepare a tax return but refuse to sign or include their IRS Preparer Tax Identification Number as required by law. Taxpayers should never sign a blank or incomplete return.

✔️ Offer in compromise mills 📌

Offers in compromise are an important program to help people who can’t pay to settle their federal tax debts. But “offer in compromise mills” can aggressively promote offers in compromise in misleading ways to people who clearly don’t meet the qualifications, often costing taxpayers thousands of dollars. A taxpayer can check their eligibility for free using the IRS Offer in Compromise Pre-Qualifier tool đź“Ś.

a blue and white circle with a triangle in the center Issue 3: IRS Sending Erroneous CP161 Notices for 2024 Form 1041 Filings

The IRS is erroneously issuing CP161 notices (balance due for underpayment of estimated tax) for certain 2024 Form 1041 trust returns.

The affected cases can involve:

  • Trusts that elected to be treated as estates with tax years ending less than two years from the date of death, or
  • Trusts that reported no tax liability on a prior year’s return and therefore were not required to make estimated payments.

Despite estimated payments not being required in these scenarios, taxpayers received notices asserting penalties under §6654.

  • A programming change in early 2025 caused erroneous penalty assessments
  • The business operating division and IT are currently working to correct the issue
  • Impacted accounts will be automatically adjusted within approximately one month

a blue and white circle with a triangle in the center Issue 4: Treasury Inspector General Provides Update to IRS Workforce

The IRS lost 11% of its staff through voluntary separations and terminations in the first three months of 2025, and the largest percentage of those who left were revenue agents who conduct audits.

Since January 2025, there have been several executive orders to reduce the size of the federal workforce.

In February 2025, the IRS had approximately 103,000 employees. Since then, more than 11,400 IRS employees either received termination notices as probationary employees or voluntarily resigned, representing an 11% reduction to the agency’s workforce.

Specifically:

  • 7,315 probationary employees received termination notices.
  • 4,128 employees were approved to accept the Deferred Resignation Program (an additional 522 employees are pending approval).

This is our first report on IRS workforce reductions, and it focuses on the probationary employees identified for termination and the employees who voluntarily participated in the initial Deferred Resignation Program.  TIGTA will periodically update this report to highlight further reductions, including the impacts of the second Deferred Resignation Program and Reductions in Force.

Top Business Units affected (chart)

a blue and white circle with a triangle in the center Issue 5: Social Security Administration Highlights Key Accomplishments in the First 100 Days of the Trump Administration

The Social Security Administration (SSA) today announced its progress implementing President Trump’s bold agenda to improve services to the public while safeguarding taxpayer dollars. Working with the Department of Government Efficiency, SSA has charted a new course for the agency that prioritizes enhancing customer service, reducing waste, fraud, and abuse, and optimizing its workforce towards direct public service.

Progress on the Social Security Fairness Act

SSA has made significant strides in implementing the Social Security Fairness Act, having paid over $14.8 billion in retroactive payments to more than 2.2 million individuals affected by the Windfall Elimination Provision and Government Pension Offset.

Cost Avoidance and Efficiency Initiatives

SSA has identified over $1 billion in cost avoidance or efficiencies for fiscal year 2025 through new, common-sense approaches in areas such as payroll, information technology, contracts and grants, real property, printing, travel, and purchase card policies. These efforts reflect SSA’s commitment to being a good steward of taxpayer dollars while enhancing service delivery.

Workforce Optimization

SSA has broken down work silos by combining similar functions across offices. By streamlining outdated and inefficient organizational structures at headquarters and in the regions, SSA has increased accountability enterprise-wide. SSA has also implemented President Trump’s directive that teleworking employees must return to work in-person full time.

As SSA reshapes its organization to focus on direct customer service to the public, all non-essential staff received the option of deferred resignation. SSA further extended to all staff the option of voluntary early retirement, voluntary separation incentive payment, and voluntary reassignment to a frontline position.

So far, SSA has processed to completion about 350 deferred resignations, over 3,000 voluntary separations, and about 2,000 employees in support positions have accepted, and will be reassigned on a flow basis to the offices in most need of staffing resources.

Importantly, reports that the agency is permanently closing local field offices are false. Since January 1, 2025, SSA has not permanently closed or announced the permanent closure of any local field office. From time to time, SSA must temporarily close a local field office for reasons such as weather, damage, or facilities issues, and it reopens when the issues are resolved.

Modernizing Telephone Services

SSA has begun rolling out to all its field offices a modern, telecommunications platform that it successfully implemented on its National 800 Number. Once fully implemented, this platform will allow the agency to better manage calls to its field offices nationwide while providing more self-service options for customers, including artificial intelligence (AI)-enabled enhancements. To date, SSA has migrated over 350 offices in the Southeast and Northeast Regions. It expects to complete rollout to all field offices and call centers nationwide by the end of the summer 2025. Early results show improvements in office answer rates and average speed of answer. Approximately 30 % of calls are being serviced by automation, improving efficiency.

Fraud Prevention

SSA has implemented enhanced fraud prevention tools for claims filed over the telephone, further modernizing the agency’s services and strengthening program integrity. The new technology enables SSA to identify suspicious activity in telephone claims by analyzing patterns and anomalies within a person’s account. If irregularities are detected, the individual will be asked to complete in-person identity proofing to continue processing their claim. These advancements allow SSA to maintain the security of its services while continuing to provide access for customers who may be unable to file online or visit an office in person. The agency will continue to conduct identity verification for all in-person claims.

Addressing Aged Records

SSA has made significant progress in improving the accuracy of death data, addressing a longstanding oversight concern. This initiative reinforced the agency’s established procedures to identify people who have a higher likelihood of being deceased due to their age or incomplete death reports. Updating the records of individuals who are implausibly old to be living is an important anti-fraud measure. Criminals may use those individuals’ information to commit fraud. As part of this effort, SSA has safeguards in place to ensure that it does not update records for individuals who are still alive. No instances have arisen to date when an implausibly old individual whose record SSA updated actually contacted the agency for reinstatement. SSA has a process in place to reinstate individuals in its records if the agency ever makes an error.

Stewarding Taxpayer Dollars and Ensuring Program Integrity

SSA announced it will increase the default overpayment withholding rate for Old-Age, Survivors, and Disability Insurance (OASDI) beneficiaries from 10 % of a person’s monthly benefit, resulting in an increase in overpayment recoveries (i.e., program savings) of about $7 billion in the next decade.

SSA also announced the immediate resumption of the Treasury Offset Program (TOP) for debts accrued prior to March 2020. This decision came after a suspension of collections due to the economic challenges posed by the COVID-19 pandemic. Since 1992, SSA has referred delinquent OASDI and Supplemental Security Income (SSI) debts to TOP as mandated by law. Prior to the suspension in March 2020, SSA had successfully collected almost $2 billion in previously unrecoverable delinquent debt through TOP. The program is essential for maintaining the integrity of the OASDI and SSI programs.

Improving Payment Accuracy

SSA has begun a phased rollout of the Payroll Information Exchange (PIE) after years of delays. PIE allows the agency to receive automated wage information directly from payroll data providers. This data exchange improves payment accuracy, reduces improper payments, eases the reporting burden on individuals, and results in more efficient use of SSA’s limited administrative resources. It’s estimated that PIE will save $1.1 billion in OASDI benefit payments over the next 10 years, in addition to $1.8 billion in Federal SSI payment savings over the same time period.

Expanding Health Information Technology (Health IT)

SSA is renewing its focus on expanding partnerships within the health IT program, which facilitates electronic data exchanges for faster disability determinations. This initiative not only expedites the benefits process for applicants but also saves taxpayer money by reducing the costs associated with collecting medical records, as each year SSA receives over 3 million new applications for disability benefits and spends over $500 million dollars to collect medical records for applicants.

Cost Reduction and Enhancements Plan for Social Security Number Verification

SSA has developed a comprehensive plan to improve the Electronic Consent Based Social Security Number Verification (eCBSV) service. This initiative is designed to ensure the continued viability of the eCBSV service while addressing the needs of customers, including the financial industry and various governmental bodies. The highlights of the plan include a phased approach to reducing operating costs by up to approximately 40%; lowering user fees by approximately 25%, which allows for greater accessibility while still meeting cost recovery requirements; and providing more detailed information in no-match results, which aids in decision-making.

Implementation of the Hearing Recording and Transcriptions (HeaRT) System

SSA is set to complete the nationwide rollout of the HeaRT system, which replaces outdated hardware with a software solution for recording and transcribing hearings. This AI-enabled tool is expected to save approximately $5 million annually while ensuring due process through more accurate transcripts.

Raising Awareness Against Scams

In collaboration with the SSA Office of the Inspector General (OIG), SSA continues to raise public awareness about Social Security-related scams. SSA and OIG co-sponsored the sixth annual “Slam the Scam” Day on March 6, highlighting the steps the public can take to protect themselves and their loved ones from Social Security imposter scams. This is a type of scam where fraudsters pretend to be SSA employees and mislead victims into sharing personal information, or making cash, wire transfer, or gift card payments to fix alleged Social Security number problems.

Enhanced Communication and Transparency

In keeping with President Trump’s belief that good government must serve the People, SSA has regularly published updates on agency operations across all of its communications channels and will continue to do so. This includes publishing on SSA’s website key performance data previously available only to SSA employees. The agency regularly updates the data, so the public can see how the agency is doing.

a blue and white circle with a triangle in the center Issue 6: Social Security Administration Introduces Secure Digital Access to Social Security Numbers

The Social Security Administration (SSA) is taking steps to provide significant enhancement for my Social Security account holders, by introducing secure digital access to their Social Security number (SSN). This innovative feature is designed to provide the American public with a modernized, secure, and accessible alternative to the traditional physical SSN card.

SSA is committed to improving service delivery while safeguarding Personal Identifiable Information (PII).

The digital SSN feature will allow account holders to conveniently display their SSN, when needed, for reasons other than handling Social Security matters. This enhancement will provide individuals who have forgotten their SSN or misplaced their SSN cards with a simple solution allowing them to securely view their SSN online through the my Social Security portal. This will reduce their need for an in-person visit and/or having to wait to receive their SSN card through the mail. They will be able to access it via my Social Security on their mobile devices. This digital feature not only streamlines the process for those who need their SSN but also reinforces our dedication to protecting sensitive information. By providing a secure digital option, SSA aims to reduce the risk of lost or stolen cards and enhance overall user experience.

a blue and white circle with a triangle in the center Issue 7: HSA 2026 Inflation Adjustments

Revenue Procedure 2025-19📌 provides the 2026 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under § 223 of the Internal Revenue Code and the maximum amount that may be made newly available for excepted benefit health reimbursement arrangements (HRAs) provided under § 54.9831-1(c)(3)(viii) of the Pension Excise Tax Regulations.

For 2026, Health Savings Account (HSA) contribution limits will increase. Individuals with self-only coverage can contribute up to $4,400, while those with family coverage can contribute up to $8,750. These limits are up from $4,300 and $8,550 respectively in 2025. 

Here’s a more detailed breakdown:

  • Self-only coverage: The maximum annual contribution limit will be $4,400. This is a $100 increase from the $4,300 limit in 2025. 
  • Family coverage: The maximum annual contribution limit will be $8,750. This is a $200 increase from the $8,550 limit in 2025. 
  • Catch-up contribution (for those age 55 and older): The catch-up contribution limit remains $1,000. 

a blue and white circle with a triangle in the center Issue 8: IRS Whistleblower Office Releases Operating Plan Outlining Integrated Approach to Advance Program

The Internal Revenue Service Whistleblower Office  has released its first-ever multi-year operating plan 📌 outlining guiding principles, strategic priorities, recent achievements and current initiatives to advance the IRS Whistleblower Program. 

The IRS Whistleblower Office administers claims from whistleblowers that identify taxpayers who may not be complying with tax laws or other laws the IRS administers, enforces or investigates. 

“The IRS Whistleblower Office Operating Plan incorporates extensive feedback received from whistleblowers, whistleblower practitioners, IRS employees, oversight bodies and other program stakeholders,” said IRS Whistleblower Office Director John Hinman. “Whistleblower information that the IRS can act on is an important component of effective tax administration as it bolsters the fair, efficient and effective enforcement of our nation’s tax laws, the success of our voluntary tax system and our efforts to reduce the tax gap.” 

The plan reflects a multi-year approach to improving processes and operations, expanding collaboration and outreach and integrating valuable stakeholder feedback. 

The operating plan is framed around six strategic priorities: 

  1. Enhance the claim submission process to promote greater efficiency.
  2. Use high-value whistleblower information effectively.
  3. Award whistleblowers fairly and as soon as possible.
  4. Keep whistleblowers informed of the status of their claims and the basis for IRS decisions on claims.
  5. Safeguard whistleblower and taxpayer information.
  6. Ensure that our workforce is supported with effective tools, technology, training and other resources. 

Within these six strategic priorities, there are 38 initiatives addressing short-term and long-term focus areas to advance the program. Some of the initiatives will require completion of detailed, specific activities while other initiatives are broad. The plan identifies areas of significant importance while allowing flexibility to address other concerns that may arise. 

The IRS is committed to continuous improvement of the Whistleblower Program through ongoing collaboration with program stakeholders. 

Assistance from whistleblowers 

The IRS appreciates the valuable assistance it receives from whistleblowers and the whistleblower practitioner community. An effective whistleblower program provides an invaluable deterrence against non-compliance with tax laws, and whistleblower information significantly boosts revenues while improving tax fairness. 

Since the inception of the IRS Whistleblower Office 📌 in 2007, the Whistleblower Office has made awards of over $1.3 billion based on the collection of more than $7 billion attributable to whistleblower information. In fiscal year 2024, the IRS paid awards totaling $123.5 million based on tax and other amounts collected of $474.7 million attributable to whistleblower information. The total dollar amount of awards paid in fiscal year 2024 was the third highest in the program’s history. The awards paid to whistleblowers generally range between 15% and 30% of the proceeds collected and attributable to their information. 

Individuals with specific, timely, credible, relevant and significant information regarding non-compliance with any laws the IRS is authorized to administer, enforce or investigate are encouraged to consider filing a Form 211, Application for Award for Original Information 📌, to be considered for an award. 

a blue and white circle with a triangle in the center Issue 9: May 11, 2026, Medicaid Bill Introduced in the House – NOT LAW

Legislation introduced by House Republicans would slash Medicaid spending significantly by imposing new restrictions on Medicaid beneficiaries such as work requirements and more frequent eligibility checks. Estimates of savings could be $900 billion.

The bill also touches on a host of social issues. For instance, it would prohibit Medicaid funding being used for gender-affirming care for minors. It would also stop Medicaid from reimbursing community health providers such as Planned Parenthood that provide family planning and abortion services. 

Democrats released a Congressional Budget Office (CBO) analysis showing the legislation 📌 would increase the number of people without health insurance by at least 8.6 million in 2034.  

The bill would require states to impose “community engagement” requirements on “able bodied” Medicaid beneficiaries aged 19-64 who do not have dependents. They would need to volunteer or attend school for 80 hours per month. There are exceptions for pregnant women, tribal members and people with serious medical conditions. 

A 2023 CBO report found work requirements for people aged 19-55 would save about $109 billion over a decade at a cost of 600,000 people becoming uninsured, at a minimum. It would also shift $65 billion in costs to states. 

The bill would also require certain beneficiaries to pay more for their care. States would be required to impose “cost-sharing” on all adults who earn just above the federal poverty level —$15,650 for a single person or $21,150 for a two-person household. They would be charged $35 per care service they receive, with a cap of 5% of a person’s income.

a blue and white circle with a triangle in the center Issue 10: What Would Abolishing the IRS and the Tax Code Entail under Current Proposals

Rep. Earl L. “Buddy” Carter (R-GA) in early January 2025 introduced H.R. 25, the Fair Tax Act, a bill to replace the current tax code with a national consumption tax known as the Fair Tax. FairTax is a fixed rate 📌 sales tax proposal introduced as bill H.R. 25 in the United States Congress every year since 2005.

The Fair Tax would repeal the current tax code and replace it with a single national consumption tax. In addition to eliminating all personal and corporate income taxes, the death tax, gift taxes, and the payroll tax, the Fair Tax would also eliminate the need for the Internal Revenue Service.

The Fair Tax simplifies the system while also broadening the revenue base, ensuring everyone contributes fairly while reducing tax loopholes and unnecessary complexity
The sales tax rate, as defined in the legislation for the first year, is 23% of the total payment including the tax ($23 of every $100 spent in total—calculated similar to income taxes). After the first year of implementation, this rate is automatically adjusted annually using a predefined formula reflecting actual federal receipts in the previous fiscal year.

The effective tax rate for any household would be variable due to the fixed monthly tax rebate that is used to rebate taxes paid on purchases up to the poverty level. The tax would be levied on all U.S. retail sales for personal consumption on new goods and services.

More information concerning the “Fair Tax” can be found at: https://en.wikipedia.org/wiki/FairTax 📌.

a blue and white circle with a triangle in the center Issue 11: Business Advocacy Group Seeks Destruction of Millions of BOI Records – Tax Advisor Article dated April 14, 2025 -Written by Martha Waggoner

A small business advocacy organization that sued over beneficial ownership information (BOI) reporting requirements asked the federal government to destroy BOI reports filed before the government dropped the requirement for domestic entities.

In a letter dated April 9 📌 and addressed to Treasury Secretary Scott Bessent, the National Federation of Independent Business (NFIB) said the U.S. Financial Crimes Enforcement Network (FinCEN) “should not use or disseminate, and should destroy, BOI that FinCEN already collected from millions of domestic reporting entities” before the government said in March that reports were required only for foreign companies doing business in the United States.

FinCEN, which administers BOI reporting under the Corporate Transparency Act, Title 64 of P.L. 116-283, issued an interim final rule 📌 on March 21 that removed the requirement for U.S. companies and persons to report BOI.

In its letter, the NFIB asked Treasury to add language to the interim final rule to require FinCEN to destroy millions of BOI reports it had received. In November, FinCEN estimated 📌 that reporting companies had filed an estimated 6.5 million BOI reports.

A Treasury spokesperson declined to comment on the NFIB’s letter.

a blue and white circle with a triangle in the center Issue 12: U.S. Department of the Treasury Announces Achievements in the First 100 Days of the Trump Administration

Much discussion was made of President Trump’s first 100 days.  Treasury issued a summary which many of you may be interested in. I have only included information concerning Treasury and the IRS changes. The full list can be found at: U.S. Department of the Treasury Announces Achievements in the First 100 Days of the Trump Administration | U.S. Department of the Treasury 📌

In the first 100 days of President Donald J. Trump’s second Administration, Secretary of the Treasury Scott K.H. Bessent has been actively working to restore American greatness and usher in a new golden age of prosperity.

“The three components of the Trump economic agenda—tariffs, tax cuts, and deregulation—are not standalone policies.

Treasury

Decades of behind-the-curtain disorder and behind-schedule projects at the IRS are being reformed and restructured to create an agency that works for the hardworking American taxpayer, and not the other way around.

Secretary Bessent and Deputy Secretary and Acting IRS Commissioner Michael Faulkender are committed to achieving efficiency while providing the compliance, privacy, and customer service the American people deserve.

Cost Savings
  • The IRS has successfully cut $2 billion from the IT budget without any operational disruptions.
  • This was achieved by eliminating wasteful contracts, such as auto-renewed licenses unused for years, saving hundreds of millions annually.
  • There can be additional cost savings by removing intermediaries and reclaiming control over our data and system.
Staff Restructuring
  • The IRS has removed non-technical staff from technical leadership roles in engineering and replaced them with experienced engineers, and the IRS is in the process of transitioning all non-technical staff out of engineering.
  • Currently, fewer than one in five staff in engineering functions are engineers—far below the industry standard, which is typically 100%.
  • Going forward, skilled engineers will drive technical decisions, and the only people for consideration in the promotion ladder in engineering will be engineers.
  • This restructuring has allowed for much better and faster decision making, and the department is already seeing the results.
  • Both staff restructuring and cutting unnecessary contracts are crucial to taxpayer privacy.
Compliance, Privacy, and Customer Service
  • A new compliance strategy, supported by dedicated software vertical with an engineering lead, aims to double collections and compliance.
  • Enhanced software tools will empower our compliance team to close the gap more effectively.
  • Staff restructuring is crucial to privacy: the IRS is strengthening privacy by empowering technical cybersecurity experts and reducing system complexity.
  • Prior to the Trump Administration, the IRS cybersecurity staff was around 1,000 employees. Yet only about 1% of that staff (roughly 10 people in total) were technical. Moreover, not a single person who was in cyber leadership at the IRS was technical.
  • Recent data leaks stemmed from contractors. The IRS is minimizing contractor access and simplifying systems to reduce vulnerabilities.
  • Treasury has long been committed to reducing paper checks as much as possible. Checks present an increased risk of fraud and theft and create delays in citizens receiving vital payments.
  • Reducing paper checks has been a long-standing bipartisan goal that our Administration is finally putting into action. Treasury will be working with agencies to transition their check volumes into electronic alternatives.
  • There will inevitably be circumstances where a paper check is necessary. Those exceptions will be identified to ensure that no matter what, citizens are able to access their federal payments in a safe and secure way.
  • Last year, the federal government spent $450 million on paper processing with nearly 6,500 full-time staff dedicated to this task.
  • Through policy changes and automation, Treasury aims to reduce this to under $20 million, aligning with industry standards.
  • On April 8 đź“Ś, the IRS launched the IRS Roadmapping Initiative to modernize infrastructure and enhance taxpayer services.
  • The long-time IRS Engineering team is working hard to create a Unified API Layer: The IRS has spent more than 20 years and $4 billion attempting to build a unified API layer. Instead, the IRS has a dozen fragmented APIs that are challenging to use.
    • A Unified API Layer simplifies communication between different apps and datasets. It is a technical infrastructure that keeps data organized.
    • This will create a seamless interface for taxpayers and internal teams alike, allowing for rapid development of future products and services.
  • On April 15, the IRS had a successful Tax Day. During this transformative time of modernization and rooting out fraud and bureaucratic backlogs, the IRS continues to work at full speed, with tax receipts up across the board this year over last.

a blue and white circle with a triangle in the center Issue 13: Managing Transitions: Best Practices for When a Practitioner Passes Away

This article does not constitute legal advice; it’s provided for general informational purposes only. 

When a Circular 230 practitioner dies, leaving behind a tax practice, there can be many questions and much uncertainty about the practitioner’s preparations beforehand and the consequences for clients and those responsible for administering the deceased practitioner’s estate. The governing legal obligations and restrictions may vary from case to case depending on the practitioner’s status as an attorney, certified public accountant (CPA), or enrolled agent and the state and locality where the practitioner conducted their practice.

Treasury Circular 230 📌, Regulations Governing Practice before the Internal Revenue Service, sets forth rules of conduct for attorneys, CPAs, enrolled agents, and other individuals representing taxpayers before the IRS. While Circular 230 does not directly address the implications of a practitioner’s death or disability, § 10.33 sets forth aspirational best practices that tax practitioners should consider. This article discusses issues raised by the death of a tax practitioner or the onset of a severe debility in physical or mental health such that they can’t viably conduct their practice. The discussion below offers several suggestions and tips to protect the practitioner’s clients, firm, and family and ensure compliance with legal requirements of privacy and confidentiality.

Be Prepared by Incorporating Best Practices into Your Business Operations

A key best practice for all practitioners is to communicate clearly and regularly with clients and manage client expectations throughout the representation period, from start to finish. This best practice begins when the practitioner first engages with a client. The practitioner should discuss all significant aspects of the representation: its scope, terms, and purposes or objectives, and the actions to be taken during the representation and at its termination. Further, these subjects ideally should be memorialized in a comprehensive engagement letter or agreement with the client. As the representation progresses, the practitioner should provide timely updates to the client, documented in writing, and if necessary, revise the engagement document to reflect material developments. If a practitioner unexpectedly becomes mentally or physically incapacitated or dies, the written engagement and updates will assist in any needed transition of the client’s matter(s) to another tax professional.

Another best practice is to establish a clear policy for the retention, disposition (including destruction), and return of client files and other records. You can communicate this policy to clients in the engagement document. Retaining client files beyond the need for them leaves tax practitioners at risk for potential exposure of private client information and, upon the practitioner’s retirement, incapacity, or death, can cause an unnecessary burden for others in dealing with the files and related records.

A third best practice is implementing a data security and privacy plan that complies with rules, requirements, and guidelines applicable to your practice. Also consider adopting a business continuity plan that addresses the effect of extraordinary broadscale events (such as a natural disaster, cyberattack, or pandemic) and lays out steps to be taken if the result is either (1) the practitioner’s physical, technological, or other inability to function normally or (2) their general unavailability. Pertinent portions of the plan can be shared with clients (e.g., by inclusion in the engagement document).

Adhering to the above best practices will advance the goal of providing the highest quality representation to clients.

Make a Succession Plan

Practitioners should consider developing a formal succession plan for how the sale or termination of the practitioner’s business (due to retirement, incapacity, or death) will be handled. Ideally, this plan will be described in the practitioner’s engagement document or otherwise shared with clients. Among the actions to be included in the development of the plan are:

Entering into an agreement with another tax practitioner, an “assisting practitioner,” who will close out the practice, and that familiarizes the assisting practitioner with the contours of your practice.

Keeping an up-to-date inventory of all open client matters, including client names, addresses, and contact information.

This inventory should be sufficiently detailed to allow assisting practitioners, or whoever assumes responsibility for the representation, to quickly comprehend the client’s needs and expectations, including any upcoming deadlines, and to minimize delays, client inconvenience, or impairment of the representation.

All files should be secured – e.g., with passwords and encryption – and steps taken to ensure the assisting practitioner can securely access the records.

Ensuring the assisting practitioner has access to information and funds to stay current with bills and finances.

Discussing with clients whether to authorize additional practitioners to represent the client or receive information on the client’s behalf via a Form 2848 or Form 8821, Tax Information Authorization, respectively, to avoid an interruption in representation before the IRS.

Devising a communications plan to inform clients in the event of the practitioner’s incapacity or death.

Speaking with your own family members regarding the existence of the succession plan and their involvement with the plan.

What to Do if a Practitioner Becomes Incapacitated or Dies

When a tax practitioner either becomes incapacitated or dies, if there is a succession (or business continuity) plan, the practitioner’s firm or assisting practitioner should implement the plan and communicate with the practitioner’s clients and the IRS. If there is no succession plan, in the case of a sole practitioner, the executor or administrator of the practitioner’s estate, or their guardian or the like (if they’re in the care of a fiduciary due to their physical or mental state), will need to take these actions and should contemplate retaining a tax professional to assist them.

Communication with Clients

Procedures should be put in place for the handling of ongoing client matters according to what each client wants and for the disposition of client files – i.e., their return to the client, transfer to the assisting or another practitioner, or their destruction. While not required under Circular 230 (and maybe not under bar and accountancy rules), discussion and client decision making up front is beneficial.

If a succession plan is in place and the client has previously been informed of, and consented to, what would happen to their matter(s) upon the practitioner’s incapacity or death, this advance notice to clients about who will receive their records, and assume responsibility for their cases, will set expectations. As such, providing the notice is the best practice for many practitioners.

Client Choices

If the client chooses to remain with the practitioner’s firm or with another practitioner agreed to in advance, the assisting practitioner must ensure that all necessary paperwork is filed with the IRS especially for clients under examination.

If the client chooses to go elsewhere, arrangements should be made for the prompt and orderly transfer of all the client’s files. Section 10.28 of Circular 230 specifies a practitioner’s obligation to return client records upon the client’s request; any successor practitioner would have a similar obligation.

If there is no succession plan and no advance notice to the client, the assisting practitioner should promptly confirm arrangements with each client. No client files should be transferred to another practitioner without the client’s permission.

In carrying out a succession plan, the assisting practitioner should also consider these best practices:

  • Ensure that no files are removed without client permission.
  • Control access to the premises.
  • Backup electronic files, whether stored locally or in the cloud.
  • Interview employees, independent contractors, and vendors to ascertain all known clients and client property beyond available records.
  • Consider publication in the local media of the office closure and the need for clients to retain new representation and take possession of their files.
  • Keep copies of files for a deceased practitioner’s estate, as necessary, for purposes of potential claims against the practitioner and to help determine the rights to fees and reimbursable expenses.
  • Track and confirm that clients have received notice.
  • Safeguard client confidentiality.
Communication with the IRS

Return Preparer Office (RPO). If a deceased practitioner had a preparer tax identification number (PTIN), there is no need for the assisting practitioner to inform the RPO of the practitioner’s death. The RPO checks the National Account Profile (NAP) monthly and changes PTIN statuses to “deceased” as appropriate.

In contrast, the RPO should be notified if the practitioner is incapacitated. Notification by a fiduciary with a Form 56, Notice of Fiduciary Relationship, on file with the IRS will cause the RPO, upon the fiduciary’s request, to change the practitioner’s PTIN status to “inactive.” If the notification is submitted by someone other than a fiduciary (such as an assisting practitioner), the RPO will log the information, with the PTIN subsequently expiring.

CAF Units

To close out a deceased practitioner’s CAF number, the assisting practitioner or a member of the deceased practitioner’s firm (or in the case of a sole practitioner and no assisting practitioner, the executor or administrator of the practitioner’s estate) should send a written request, by fax or mail, to the CAF Unit identified in the “Where to File” chart in the Form 2848 and Form 8821 instructions. Once the CAF Unit receives the notice, they will mark the CAF # owner as deceased, which nullifies all authorizations listed on the CAF for the deceased practitioner.

If a practitioner is incapacitated and a fiduciary has been appointed (and a Form 56 has been filed with the IRS), the fiduciary can withdraw the incapacitated practitioner from all active authorizations.

Cancelling Employer Identification Number (EIN) and Closing Out Account

The EIN is a business’s permanent federal taxpayer identification number, so it technically cannot be cancelled. But for the EIN of a deceased or permanently incapacitated practitioner’s business, the business account that is associated with the EIN can be closed. To close the business account, the practitioner’s firm or assisting practitioner should send the IRS a letter that includes:

  • Full legal name of the business
  • EIN
  • Business address
  • Reason for closing the account
  • The notice assigning the EIN from the IRS should also be enclosed with the close-out letter, if available.

Send the document(s) to either: 

Internal Revenue Service
MS 6055
Kansas City, MO 64108

     Or

Internal Revenue Service
MS 6273
Ogden, UT 84201

The business account can only be closed once all necessary returns have been filed and all outstanding taxes are paid.

Ensuring Confidentiality of Taxpayer Information

The impacted practitioner’s firm, the assisting or successor practitioner, and the executor, estate administrator, testamentary trustee, or guardian should safeguard any taxpayer information they receive from or in connection with the incapacitated or deceased practitioner’s practice. For general guidance on safeguarding taxpayer information, see IRS Publication 4557, Safeguarding Taxpayer Data (A Guide for Your Business) 📌.

a blue and white circle with a triangle in the center Issue 14: Applicable Federal Rates for June 2025, Rev. Rul. 2025-12

AFR table 1

REV. RUL. 2025-12 TABLE 2

AFR table 2

REV. RUL. 2025-12 TABLE 5

Rate Under Section 7520 for June 2025

Applicable federal rate for determining the present value of an annuity, an interest for life or a term of years, or a remainder or reversionary interest 5.00%.

a blue and white circle with a triangle in the center FAQs: Frequently Asked Questions

  1. What major changes are in the “One Big Beautiful Bill” and how soon will they apply?

    The bill includes permanent tax cuts, eliminates tax on tips and overtime, and adds a new senior deduction. These would take effect starting in 2025 if passed. More to come in 6/26 – Quarterly Tax Update – Part 1đź“Ś Webinar.

    ✔️See Issue 1 for summary or read the full bill here📌.

  2. Should I advise clients to respond to a CP161 notice for 1041 returns?

    No. The IRS confirmed these notices were issued in error for trusts with estate elections or zero liability. They’ll correct it automatically.

    ✔️See Issue 3 for full details.

  3. Can clients now get a digital version of their SSN card? 

    Yes. SSA rolled out digital SSN access through the My Social Security portalđź“Ś, which can be used as proof and for identity verifications.

    ✔️See Issue 6.

  4. What should I do now to protect clients from scams this filing season?

    Warn them about phony ERC promoters, phishing emails, fake preparers, and third-party login services. Use IRS tools like the Offer in Compromise Pre-Qualifierđź“Ś to verify legitimacy.

    ✔️See Issue 2.

  5. What steps are required if I become incapacitated and my clients need help?

    Practitioners should prepare succession plans and ensure clients execute Form 2848 or 8821 to authorize new reps. 

    ✔️See Issue 13 and Publication 4557📌.

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