IRS In Audio

• IRS Reminder for Oct. 15 Filing Deadline (IR-2025-104)

  IRS Reminder for Oct. 15 Filing Deadline (IR-2025-104)Date: Oct 14, 2025. Applies to tax year 2024 returns for those who filed extensions.Deadline: Oct 15 (midnight). IRS urges e-filing and electronic payments; paper filers can use Form 1040 and instructions for mailing addresses.Government shutdown note: Filing and payment obligations remain in effect; IRS will accept/process payments by mail or electronically.Possible extensions:

  --------  

  1:52

  --------

  1:52
• IRS Inflation Adjustments for Tax Year 2026 (IR-2025-103)

  IRS Inflation Adjustments for Tax Year 2026 (IR-2025-103)Applies to 2026 returns filed in 2027; detailed in Revenue Procedure 2025-32.Standard deduction (2026): $32,200 MFJ; $16,100 Single/MFS; $24,150 HOH. Note: OBBB set 2025 SD at $31,500 MFJ; $15,750 Single/MFS; $23,625 HOH.Marginal brackets (Single; MFJ): 37% over $640,600; $768,700. 35% over $256,225; $512,450. 32% over $201,775; $403,550. 24% over $105,700; $211,400. 22% over $50,400; $100,800. 12% over $12,400; $24,800. 10% up to $12,400; $24,800.AMT exemption (2026): $90,100 Single (phaseout starts $500,000); $140,200 MFJ (phaseout starts $1,000,000).Estate tax exclusion: $15,000,000 (up from $13,990,000 in 2025).Adoption credit: Up to $17,670; up to $5,120 refundable.Employer-provided childcare credit (for employers): Max increased to $500,000 ($600,000 for eligible small businesses) under OBBB.Other indexed items:Unindexed items:

  --------  

  4:23

  --------

  4:23
• Treasury/IRS Penalty Relief for Remittance Transfer Providers (IR-2025-102)

  Treasury/IRS Penalty Relief for Remittance Transfer Providers (IR-2025-102)Date: Oct 7, 2025. IRS issues Notice 2025-55 granting limited deposit penalty relief for the first three quarters of 2026 related to the new remittance transfer excise tax under the One, Big, Beautiful Bill (OBBB).Relief conditions: Providers avoid deposit penalties if they make timely deposits (even if miscalculated) and pay any underpayment by the Form 720 due date for that quarter.Safe harbor: Providers may use excise tax deposit safe harbor rules for Q1–Q3 2026 despite underpayments, but must meet the reasonable cause standard.Tax details: Starting Jan 1, 2026, providers must collect a 1% tax on certain remittances made with cash, money orders, cashier’s checks, or similar instruments; make semimonthly deposits; and file quarterly returns. First deposit due Jan 29, 2026.More info: See Notice 2025-55 and Form 720 guidance.

  --------  

  2:32

  --------

  2:32
• Jarod Koopman to Lead IRS Enforcement (Acting CTCO)

  Jarod Koopman to Lead IRS Enforcement (Acting CTCO)Jarod Koopman named Acting Chief Tax Compliance Officer, overseeing enforcement divisions: LBI, SB/SE, TE/GE, Criminal Investigation (CI), Office of Professional Responsibility, Return Preparer Office, and Whistleblower Office.Background: CI executive since 2016; built Cyber Crimes and Cyber and Forensics Services; led IRS-CI’s growth in crypto tracing and dark web investigations.Field leadership: Former ASAC in Chicago and SAC in Detroit; managed sensitive, high-profile cases in MI and IL.Earlier roles: Supervisory Special Agent (W.D.N.Y.), Senior Analyst at IRS HQ (ASLP graduate), worked on identity theft as a national priority in 2012.Bio: Upstate NY native; Nazareth University graduate; FLETC and IRS-CI training top graduate.Additional leadership move: Stewart Pearlman to serve as acting Deputy Chief in CTCO; prior roles include acting Deputy COO, ACA IT team lead, CIO Chief of Staff, and Procurement Chief of Staff (2019–2025).

  --------  

  3:01

  --------

  3:01
• IRS Appeals Launches Post Appeals Mediation (PAM) Pilot

  IRS Appeals Launches Post Appeals Mediation (PAM) PilotThe IRS Independent Office of Appeals launched a two-year pilot to make PAM more attractive to taxpayers.Under the pilot, mediation cases are reassigned to an Appeals team not connected to the original case to provide a fresh, expedited look; other PAM features remain unchanged.PAM occurs after an unsuccessful Appeals process and typically lasts one day, with a neutral Appeals mediator; taxpayers may add a co-mediator at their expense.Goal: enhance ADR offerings, improve taxpayer experience, and encourage faster, mutually acceptable resolutions before potential litigation.Appeals also promotes broader use of its five ADR programs: Fast Track Settlement, Fast Track Mediation—Collection, PAM, Rapid Appeals Process, and Early Referral.Contact for questions: [email protected].

  --------  

  2:36

  --------

  2:36

More Government podcasts

Trending Government podcasts

About IRS In Audio