Liberty Tax Accounting

05/11/2026

📢 LOW INCOME TAXPAYER CLINIC (LITC) GRANT APPLICATIONS NOW OPEN!

The IRS has officially announced that applications for the 2027 LITC Matching Grant Program are now being accepted from May 6, 2026 through July 6, 2026.

✅ Organizations may request up to $200,000 in funding
✅ Special consideration for underserved communities
✅ Support for low-income taxpayers & ESL taxpayers
✅ Helps protect taxpayer rights and resolve IRS disputes

If your organization is interested in expanding taxpayer assistance services, now is the time to apply.

At Liberty Tax Accounting, we stay committed to keeping individuals and organizations informed about important IRS updates and opportunities.

📧 [email protected]
📞 949-863-9870

05/09/2026

🆕 IRS Update: No Tax on Tips & Overtime (2025)
💰 Tips Deduction
Up to $25,000 (2025–2028)
Applies to all tipped workers (waiters, bartenders, guides, etc.)
⏱️ Overtime Deduction
Deduct the overtime premium (“half” of time-and-a-half)
Up to $12,500 (single) / $25,000 (joint)
📌 IRS Notice 2025-69
Clear rules + examples to help workers claim these benefits.

🆕 IRS Update: No Tax on Tips & Overtime (2025)
💰 Tips Deduction

Up to $25,000 (2025–2028)

Applies to all tipped workers (waiters, bartenders, guides, etc.)

⏱️ Overtime Deduction

Deduct the overtime premium (“half” of time-and-a-half)

Up to $12,500 (single) / $25,000 (joint)

📌 IRS Notice 2025-69

Clear rules + examples to help workers claim these benefits.

05/06/2026

🚨 IRS Advisory Council (IRSAC) – Applications Now Open!

A great opportunity for tax professionals to step forward and contribute to the future of tax administration. If you have the experience and the vision, this is your chance to make an impact.

📅 Deadline: June 5, 2026
📞 949-863-9870
📧 [email protected]

Let Liberty Tax Accounting guide you through the process professionally and efficiently.

05/02/2026

🚨 Important Update for Taxpayers & Businesses 🚨

The U.S. Treasury Department and IRS have introduced new temporary regulations regarding the recovery of federal excise tax on dyed fuel. This update provides a new method for eligible taxpayers to claim refunds on previously taxed diesel fuel or kerosene used for non-taxable purposes.

🔍 Key Highlights:
✔️ Refunds apply to fuel taxed first, then later converted to dyed fuel
✔️ Applicable for fuel removed from terminals on or after Dec. 31, 2025
✔️ Only the taxpayer who originally paid the excise tax can claim the refund
✔️ Must follow updated filing procedures using Form 8849 & Schedule 5
✔️ Proper documentation and compliance are essential

📌 These regulations are effective immediately and will remain in place for up to 3 years before permanent rules are issued.

💡 What This Means for You:
If your business deals with diesel or kerosene fuel, you may now have an opportunity to recover previously paid taxes — but eligibility and documentation are critical.

📞 Need help understanding or filing your claim?
Our experts are here to guide you every step of the way.

📧 [email protected]
📞 949-863-9870

— Liberty Tax Accounting

04/29/2026

🚨 IRS UPDATE – ERC CLAIMANTS (IR-2026-58)

New streamlined process announced for taxpayers with disallowed ERC claims.

If you received a Letter 105-C or 106-C, you may qualify to request additional time to resolve your claim or file suit (Form 907 process).

⏳ Important: Deadlines are strict — act early to protect your refund rights.

💼 Need help with ERC or IRS matters?

Liberty Tax Accounting
📧 [email protected]

📞 949-863-9870

04/28/2026

📢 2025 Annual Report Highlights – Taxpayer Advocacy Panel
IRS service ko better banane ke liye important updates:
✔ Clear & simple taxpayer notices
✔ Better online tools & digital services
✔ Fast response & reduced delays
✔ Improved tax forms & guidance
✔ Stronger in-person support
💼 We help you stay informed so you don’t have to worry.
Liberty Tax Accounting
📧 [email protected]
📞 949-863-9870
📊 Your Taxes. Our Expertise. Your Freedom.

04/28/2026

💡 IRS Alert: 45Z Clean Fuel Credit
The Treasury & IRS propose updates for clean fuel producers under the OBBB, extending credits to 2029 and adding new rules for emissions, feedstocks, and anti-abuse provisions.
Need help claiming your tax credits? Liberty Tax Accounting can guide you!
📧 [email protected]
| 📞 949-863-9870

💡 IRS Alert: 45Z Clean Fuel Credit

The Treasury & IRS propose updates for clean fuel producers under the OBBB, extending credits to 2029 and adding new rules for emissions, feedstocks, and anti-abuse provisions.

Need help claiming your tax credits? Liberty Tax Accounting can guide you!
📧 [email protected]
| 📞 949-863-9870

04/24/2026

📢 2025 Tax Update
The IRS has increased the standard deduction, helping many taxpayers lower their taxable income.
Need help with your 2025 tax planning?
📞 949-863-9870 | 💬 WhatsApp 949-447-0149 | Libertytaxaccounting.com

📢 2025 Tax Update
The IRS has increased the standard deduction, helping many taxpayers lower their taxable income.

Need help with your 2025 tax planning?
📞 949-863-9870 | 💬 WhatsApp 949-447-0149 | Libertytaxaccounting.com

04/22/2026

📢 IRS UPDATE – Educational Assistance Programs (IR-2026-55)

Stay informed with the latest IRS guidance on educational assistance benefits under Section 127.

💡 Key Highlights:
• Employees can exclude up to $5,250 tax-free in educational assistance
• Applies for tax years 2025 & 2026
• Employers must exclude these benefits from taxable wages (W-2 Box 1)
• Updated rules include guidance on education loans & revised plan structures
• Future adjustments may apply based on inflation after 2026

📘 This update is part of the latest IRS compliance changes under the “One, Big, Beautiful Bill.”

🏢 Liberty Tax Accounting
📧 [email protected]

📞 949-863-9870

💼 Helping you stay compliant, informed, and tax-ready.