09/02/2026
π° WEDNESDAY TAX NEWS | IRS UPDATE
Tax updates are moving fast β here are the latest developments from the IRS that taxpayers and tax professionals should know!
πΉ IRS Online Services Are Expanding
The IRS is encouraging taxpayers to use its growing selection of secure online tools to handle common tax tasks more quickly and conveniently.
πΉ Extension Filers: Donβt Wait Until October
Taxpayers who requested an extension for their 2025 return can use IRS Free File and are encouraged to file as soon as possible instead of waiting for the October 15 deadline.
πΉ Tax Professionals: FIRE β IRIS Transition
Information return filers currently using the FIRE system should prepare for its retirement and transition to IRIS ahead of the 2027 filing season.
πΉ IRS Meets With Tax Professionals
IRS CEO Frank J. Bisignano met with tax professionals and other stakeholders at the IRS Nationwide Tax Forum in New York City, highlighting continued engagement with the tax professional community.
πΉ Q4 2026 Interest Rates Unchanged
The IRS announced that interest rates for the fourth quarter of 2026 will remain unchanged beginning October 1.
π‘ Why it matters:
Whether you're a taxpayer preparing for your next filing or a tax professional preparing for upcoming reporting requirements, staying informed now can help prevent last-minute surprises later.
π Stay informed. Stay compliant. Stay ahead.
π Source: IRS Newsroom β Current Month News Releases
π² DM us or click the link in bio to connect with a tax expert who can help you stay compliant and secure this season!
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