Taxes and cosmetics

📰 Wednesday Tax News — Quick Summary | August 26, 2026

The IRS has several important updates for taxpayers and tax professionals:

🔹 FIRE → IRIS Transition: Information-return filers should prepare for the FIRE system’s retirement and transition to IRIS before the 2027 filing season.

🔹 Tax Compliance Report: Taxpayers can now access a digitally authenticated Tax Compliance Report through their IRS Individual Online Account.

🔹 Interest Rates: IRS interest rates will remain unchanged for Q4 2026, beginning October 1.

🔹 Trump Accounts: Treasury and IRS proposed rules addressing eligible investments for Trump Accounts.

🔹 Business Tax Update: IRS updated FAQs on the business interest expense deduction limitation.

🔹 WISP Reminder: Tax professionals are reminded to maintain a Written Information Security Plan (WISP) to protect client data.

🔹 Conservation Easements: IRS established a new Office of Conservation Easements to address specialized tax and valuation issues.

📌 Bottom line: Tax professionals should focus on IRIS preparation, cybersecurity/WISP compliance, and staying current with new IRS guidance, while taxpayers should use their IRS online accounts and keep up with official tax updates.

📲 DM us or click the link in bio to connect with a tax expert who can help you stay compliant and secure this season!

IRS Newsroom

💡 Tuesday Tax Tips | August 25, 2026

Here are this week’s latest IRS tax tips for taxpayers, employers, and tax professionals:

👨‍👩‍👧 1️⃣ Employers: Check the Paid Family & Medical Leave Credit
Employers, including eligible small businesses, may qualify for a tax credit when they provide paid family and medical leave to employees. Review the IRS requirements to see whether your business qualifies.

📅 2️⃣ Extension Filers: Don’t Wait Until October 15
If you requested an extension for your 2025 federal return, you can file before Oct. 15, 2026. Filing sooner may help you receive any refund sooner and avoid last-minute stress.

🚛 3️⃣ Heavy Highway Vehicle Owners: Know Form 2290
Owners and operators of certain heavy highway vehicles need to be aware of their Form 2290 filing and payment requirements. Mark the applicable deadline and keep your records organized.

⚖️ 4️⃣ Know Your Appeal Rights
Taxpayers have the right to appeal certain IRS decisions through an independent forum. If you disagree with an IRS decision, learn about your appeal options and deadlines.

📌 This Week’s Tax Reminder:
Whether you're an employer, business owner, tax professional, or individual taxpayer, staying informed can help you avoid missed deadlines and take advantage of available tax benefits.

📲 DM us or click the link in bio to connect with a tax expert who can help you stay compliant, informed, and prepared.

🔎 Reference: IRS.gov — IRS Tax Tips

🌟 Motivational Monday | August 24, 2026 🌟

For Tax Preparers & Taxpayers

A new week is a new opportunity to get organized, stay informed, and move forward with confidence. 💪📊

👩‍💼 Tax Preparers:
Your work is more than numbers on a form. You help people understand their responsibilities, protect their information, and navigate an ever-changing tax system. Keep learning, keep your records organized, protect client data, and never stop improving.

👨‍👩‍👧 Taxpayers:
Don't wait for the next deadline to think about your taxes. Review your records, keep important documents organized, understand your taxpayer rights, and ask questions when something isn't clear.

📌 Remember: The IRS Taxpayer Bill of Rights includes the right to be informed, the right to quality service, the right to challenge an IRS position and be heard, and the right to appeal an IRS decision in an independent forum.

✨ This Monday's reminder:
Preparation creates confidence. Knowledge creates better decisions. Consistency creates results.

Start this week with one simple goal:
Learn something. Organize something. Improve something. 🚀

📲 DM us or click the link in bio to connect with a tax expert who can help you stay compliant, informed, and prepared.

🔎 Reference: IRS.gov

Yesterday we asked 5 NEW 2026 tax questions. Here are the answers! 👇

1️⃣ Business Interest Deduction
✅ Businesses should review the IRS rules limiting the deduction for business interest expense. The IRS recently updated its FAQs on this topic, so businesses and tax professionals should use the latest guidance when determining the allowable deduction.

2️⃣ Retirement Plan Rollovers
✅ A direct rollover generally moves retirement funds directly from one eligible retirement plan or IRA to another without the taxpayer taking possession of the funds. Treasury and the IRS recently issued guidance and sample forms intended to simplify and standardize the rollover process.

3️⃣ Qualified Overtime Deduction
✅ The IRS has issued guidance and updated FAQs concerning the deduction for qualified overtime compensation. Taxpayers who received qualifying overtime should review the applicable IRS requirements rather than assuming all overtime automatically qualifies.

4️⃣ Employer Contributions to Trump Accounts
✅ Yes. Recent proposed regulations address employers that choose to contribute to Trump Accounts for employees or their dependents. Employers should review the proposed rules and applicable requirements before establishing contribution programs.

5️⃣ Written Information Security Plan (WISP)
✅ Tax professionals are required to maintain a Written Information Security Plan designed to protect taxpayer information. A strong WISP should address how sensitive client data is protected, how security risks are managed, and how the tax practice responds to potential threats.

🎯 Your 2026 Tax Takeaway:
Tax planning isn't only about filing a return. New guidance, deductions, retirement rules, employer programs, and cybersecurity requirements can matter throughout the year.

📲 DM us or click the link in bio to connect with a tax expert who can help you stay compliant, protect sensitive information, and keep up with 2026 tax developments.

🔎 Reference: IRS.gov — official IRS news and guidance. IRS.gov

🚨 5 NEW Tax Questions for 2026!

Tax rules are changing and new IRS guidance can affect taxpayers, businesses, and tax professionals. How many can you answer?

1️⃣ Business Owners:
If your business has significant interest expense, what IRS limitation should you review before claiming the full business-interest deduction?

2️⃣ Retirement Savers:
What is the difference between a direct rollover and other types of retirement-plan rollovers, and why does the IRS provide standardized rollover forms?

3️⃣ Employees:
If you received qualified overtime compensation in 2026, what should you know about the qualified overtime deduction when preparing your federal return?

4️⃣ Parents & Employers:
Can an employer make contributions to a Trump Account for an employee or the employee's dependent, and what new IRS guidance should employers review?

5️⃣ Tax Professionals:
Why is a Written Information Security Plan (WISP) so important for a tax practice—and what kind of taxpayer information should it protect?

💬 Challenge: Don't look up the answers yet! Comment 1–5 with how many you think you can answer correctly.

📌 These are new 2026 tax questions based on recent IRS developments and guidance.

🔔 Stay tuned for Friday Tax Answers!

📲 DM us or click the link in bio to connect with a tax expert who can help you stay informed, compliant, and secure.

📢 Extension Filers: You Don’t Have to Wait Until October 15!

If you requested an extension for your 2025 federal tax return, the IRS reminds you that you can file before October 15, 2026. Filing earlier can help you get your refund sooner and avoid waiting until the deadline.

🚛 Own or Operate a Heavy Highway Vehicle?
Make sure you know the annual Form 2290, Heavy Highway Vehicle Use Tax Return, filing and payment requirements. Missing the applicable deadline can create unnecessary tax problems.

⚖️ Know Your Right to Appeal
Taxpayers have the right to appeal certain IRS decisions through an independent forum. If you disagree with an IRS decision, learn about your appeal rights and the proper steps before giving up.

📋 Need Help With an IRS Appeal?
The IRS Independent Office of Appeals provides a process for eligible taxpayers to request an independent review of certain tax disputes.

📌 This Week's Tax Tip:
Don't wait until a deadline—or a tax dispute—to learn your rights. Stay informed, keep your records organized, and take action early.

📲 DM us or click the link in bio to connect with a tax expert who can help you stay compliant, understand your options, and navigate your tax responsibilities with confidence.

🔎 Reference: IRS.gov — IRS Tax Tips