Tag: frank_j_bisignano
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IRS Expands Tax Pro Account to Let Tax Professionals Pay Business Clients' Taxes
Authorized tax professionals can now make full or partial balance, amended return, proposed assessment and federal tax deposit payments for business clients through Tax Pro Account, the IRS says.
Politics and GovernmentBusinessFederal GovernmentEconomyComputers and Internet IRSTax Pro Accounttax professionalsbusiness clientsfederal tax depositFrank J. Bisignanoonline tax paymentsonline services
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IRS Raises Standard Deduction to $33,200 for 2027 Under Inflation Adjustments
The adjustments, detailed in Revenue Procedure 2026-35, cover nearly 70 tax provisions and generally apply to returns filed in 2028.
Politics and GovernmentBusinessFederal GovernmentEconomyTaxationLegalSocial Issues Internal Revenue Servicetax inflation adjustmentsstandard deductionChild Tax CreditWorking Families Tax CutsFrank J. Bisignanoestate tax exclusionRevenue Procedure 2026-35
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Treasury and IRS Designate 6,576 Opportunity Zones Effective January 2027
The designations cover all 50 states, territories and the District of Columbia, including 2,594 rural tracts, and will remain in place for ten years.
Politics and GovernmentBusinessFederal GovernmentEconomyTax PolicySocial IssuesReal Estate Opportunity ZonesInternal Revenue ServiceU.S. Department of the TreasuryWorking Families Tax CutsScott BessentFrank J. Bisignanorural communitiesQualified Opportunity Zones
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IRS Opens 2026 Nationwide Tax Forum Online With 15 New Seminars
Twelve 50-minute seminars cost $29 per continuing education credit and three 100-minute sessions cost $58 for two credits, though all courses can be audited free.
Politics and GovernmentBusinessFederal GovernmentEconomyEducationLegal IRS Nationwide Tax Forum OnlineInternal Revenue Servicetax professionalscontinuing education creditsFrank J. Bisignanotax lawDigital-First agency
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IRS Tells Paid Tax Preparers to Renew PTINs Before Dec. 31 Expiration
Online renewal through the IRS PTIN System takes about 15 minutes and costs a nonrefundable $18.75, while paper Form W-12 applications can take six weeks.
Politics and GovernmentBusinessFederal GovernmentEmployment and LaborLegalEconomy Internal Revenue ServicePTINtax professionalstax return preparersAnnual Filing Season Programenrolled agentsForm W-12PTIN renewalFrank J. Bisignano
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Social Security Expands Phone, Online and Mobile Services for Alaska
SSA says new phone technology nearly doubled the answer rate in Alaska field offices and cut 800-number wait times, with online SSN replacement cards coming soon.
Politics and GovernmentScience & TechnologyFederal GovernmentComputers and InternetSocial IssuesState Governments Social Security AdministrationAlaskaFrank J. BisignanoDan Sullivanmy Social SecuritySSN replacement cardsmobile service teams
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IRS Reports Record $5.6 Trillion in FY 2026 Collections, Faster Refunds
The agency said the average federal income tax rate fell to 12.6 percent for Tax Year 2025 and that it protected about $38 billion from identity theft refund fraud.
Politics and GovernmentBusinessFederal GovernmentEconomyTaxationLaw EnforcementScience & TechnologyComputers and InternetBanking Internal Revenue ServiceWorking Families Tax CutsFrank J. Bisignanotax refundsidentity theft refund fraudTrump AccountsDonald J. Trumpfiscal year 2026
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Social Security Administration Claims Best Performance in Agency History for FY 2026
SSA credits a digital-first strategy for double-digit gains in every service metric, including 800-number wait times down nearly 80 percent and a 23 percent smaller disability claims backlog.
Politics and GovernmentScience & TechnologyFederal GovernmentComputers and InternetEconomySocial Issues Social Security AdministrationFrank J. Bisignanodigital-first strategydisability claims backlogmy Social Security accountsTreasury Offset Programgovernment service performancegovernment services
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IRS Urges Year-Round Tax Planning Ahead of 2027 Filing Season
The agency is telling taxpayers to check withholding, organize records, use its online tools and guard against scams now rather than at filing time.
Politics and GovernmentBusinessFederal GovernmentEconomyLaw EnforcementComputers and InternetLegalSocial Issues Internal Revenue Servicetax planningtax withholding2027 filing seasonIRS Individual Online Accounttax scamsFrank J. BisignanoTax Withholding EstimatorForm W-4
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IRS Urges Taxpayers to Guard Online Account Credentials and Request an IP PIN
Taxpayers planning to file early in 2027 should request an Identity Protection PIN before the online system closes for annual maintenance in mid-November.
Politics and GovernmentBusinessFederal GovernmentEconomyLaw EnforcementLegalSocial Issues IRSIdentity Protection PINtax-related identity theftIRS Individual Online AccountFrank J. Bisignanotaxpayerstax returntax return filing
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Social Security Now Mails Trump Account Info to Parents of Newborns
SSA is adding Trump Account instructions to Social Security cards issued to newborns through Enumeration at Birth, pointing parents to the app to claim a possible $1,000 Treasury contribution.
Politics and GovernmentBusinessFederal GovernmentEconomyBankingSocial Issues Social Security AdministrationTrump AccountsEnumeration at BirthFrank J. BisignanoDepartment of the Treasurynewbornstax-advantaged investment accounts
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Social Security Administration Corrects Nearly 15% of Active Social Security Numbers in Largest Record Clean-Up in Agency History
SSA says it has corrected nearly 15 percent of active Social Security Numbers, adding 17 million dates of death and updating about 25 million records with missing citizenship information.
Politics and GovernmentFederal GovernmentLaw EnforcementSocial IssuesUSA Social Security AdministrationSocial Security Number databaseFrank J. Bisignanoidentity fraud preventioncitizenship recordsDepartment of Homeland Security SAVEgovernment benefits administration
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IRS Announces Tax Professional Awareness Week for 2027 Filing Season
The week beginning Oct. 19 will feature webinars, instructional videos and tax tips aimed at helping preparers file accurate returns and protect taxpayer information.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyEmployment and LaborEducation IRSTax Professional Awareness WeekFrank J. Bisignano2027 filing seasontax professionalsForm 8867Tax Pro AccountTaxpayer Advocate Service
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IRS Begins Automatic Refunds for Adoption Tax Credit Carryforward
More than 50,000 taxpayers will get the refunds automatically, with most expected to be processed by the end of the year.
Politics and GovernmentBusinessUSAFederal GovernmentEconomySocial IssuesLegal IRSAdoption Tax CreditTax RefundsWorking Families Tax CutsFrank J. BisignanoTax Year 2025TaxpayersTreasury Department
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Social Security Announces 3.6 Percent Benefit Increase for 2027
Retirement benefits will rise by about $75 a month on average starting in January, with SSI payments increasing from December 31, 2026.
Politics and GovernmentBusinessFederal GovernmentEconomySocial IssuesUSAHealthEmployment and Labor Social Security AdministrationCost-of-Living AdjustmentSupplemental Security IncomeSocial Security benefits2027my Social Security accountFrank J. BisignanoMedicaremy Social SecurityRetirement benefitsSSI2027 benefit increaseConsumer Price Index
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IRS Says It Helped Set Up UK Whistleblower Reward Scheme
HMRC's Strengthened Reward Scheme launched in November 2025 to target tax avoidance and evasion by the wealthiest individuals and largest businesses.
BusinessPolitics and GovernmentLaw EnforcementUSAUnited KingdomEconomyFederal GovernmentLegalFinancial Markets IRSHMRCWhistleblower OfficeStrengthened Reward Schemetax evasioncross-border compliancewhistleblower awardFrank J. BisignanoJP Marks
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IRS Urges Taxpayers to Strengthen Online Security During Cybersecurity Awareness Month
IRS marks Cybersecurity Awareness Month by urging taxpayers, tax professionals and businesses to use strong passwords, multifactor authentication and secure networks to protect tax data from scammers.
Politics and GovernmentScience & TechnologyLaw EnforcementFederal GovernmentComputers and InternetLegalSocial Issues IRSCybersecurity Awareness Monthtax scamsidentity theftphishingFrank J. BisignanoCybersecurity and Infrastructure Security Agency
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IRS Urges Taxpayers to Strengthen Online Security During Cybersecurity Awareness Month
IRS marks Cybersecurity Awareness Month by urging taxpayers, tax professionals and businesses to adopt simple habits like strong passwords, multifactor authentication and scam vigilance to protect tax data.
Politics and GovernmentScience & TechnologyLaw EnforcementFederal GovernmentComputers and InternetLegalSocial Issues IRSCybersecurity Awareness Monthtax scamsidentity theftFrank J. BisignanoCybersecurity and Infrastructure Security Agencyphishing
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IRS Seeks Volunteers and Community Partners for Free Tax Preparation Programs
IRS calls for VITA and TCE volunteers and community partners ahead of the upcoming filing season, citing 84,500 volunteers who filed nearly 2.9 million returns in 2026.
Politics and GovernmentBusinessUSAFederal GovernmentEconomySocial IssuesEmployment and Labor Internal Revenue ServiceVolunteer Income Tax AssistanceTax Counseling for the ElderlyFrank J. Bisignanotax preparationvolunteerscommunity partners
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IRS Seeks Volunteers and Community Partners for Free Tax Preparation Programs
The IRS is recruiting volunteers and community partners for its VITA and TCE free tax preparation programs ahead of the upcoming filing season, with sign-ups encouraged from October through January.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyEmployment and LaborSocial Issues IRSVolunteer Income Tax AssistanceTax Counseling for the ElderlyFrank J. Bisignanotax preparationvolunteerscommunity partners
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IRS Seeks Volunteers and Community Partners for Free Tax Preparation Programs
IRS calls for VITA and TCE volunteers and community partners ahead of the filing season, citing 84,500 volunteers who filed nearly 2.9 million free returns in 2026.
Politics and GovernmentBusinessUSAFederal GovernmentEconomySocial Issues IRSVolunteer Income Tax AssistanceTax Counseling for the ElderlyFrank J. Bisignanotax preparationvolunteerscommunity partners
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IRS Seeks Volunteers and Community Partners for Free Tax Preparation Programs
IRS calls for VITA and TCE volunteers and partners ahead of the coming filing season, citing 84,500 volunteers who filed nearly 2.9 million free returns in 2026.
Politics and GovernmentBusinessFederal GovernmentEconomySocial IssuesEmployment and Labor Internal Revenue ServiceVolunteer Income Tax AssistanceTax Counseling for the ElderlyFrank J. Bisignanotax preparationvolunteerscommunity partners
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IRS Seeks Volunteers and Community Partners for Free Tax Preparation Programs
The IRS is recruiting volunteers and community partners for its VITA and TCE free tax preparation programs ahead of the upcoming filing season, with sign-ups encouraged from October through January.
Politics and GovernmentBusinessFederal GovernmentEconomySocial IssuesEmployment and Labor IRSVolunteer Income Tax AssistanceTax Counseling for the Elderlytax preparationvolunteersFrank J. Bisignanofree tax services
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IRS Seeks Volunteers and Community Partners for Free Tax Preparation Programs
IRS calls for VITA and TCE volunteers and partners ahead of the coming filing season, citing 84,500 volunteers who filed nearly 2.9 million free returns in 2026.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyEmployment and LaborSocial Issues Internal Revenue ServiceVolunteer Income Tax AssistanceTax Counseling for the ElderlyFrank J. Bisignanotax preparationvolunteerscommunity partners
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IRS Seeks Volunteers and Community Partners for Free Tax Preparation Programs
IRS calls for VITA and TCE volunteers and partners ahead of filing season, citing 84,500 volunteers who filed nearly 2.9 million free returns in 2026.
Politics and GovernmentBusinessFederal GovernmentEconomyEmployment and LaborSocial Issues Internal Revenue ServiceVolunteer Income Tax AssistanceTax Counseling for the ElderlyFrank J. Bisignanofree tax preparationtax volunteerscommunity partnerships
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Treasury and IRS Propose Rules for Four-Year Installment Payments on Farmland Sale Gains
Proposed regulations would let eligible taxpayers who sell qualifying farmland to active farmers pay tax on the gain in four equal annual installments, with comments due Nov. 30, 2026.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyAgricultureLegal IRSfarmland salesinstallment paymentsproposed regulationsSection 1062Working Families Tax CutsFrank J. Bisignano
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Treasury and IRS Propose Rules for Four-Year Installment Tax Payments on Farmland Sales
Proposed regulations would let eligible sellers of qualifying farmland to active farmers pay tax on the gain in four equal annual installments, with comments due Nov. 30, 2026.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyAgricultureLegal IRSfarmland salesinstallment paymentsproposed regulationsSection 1062Frank J. BisignanoWorking Families Tax Cuts
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IRS Launches New Mobile App, Replacing IRS2Go With Secure Account Access
The IRS launched a new mobile app replacing IRS2Go, adding secure sign-in for refund checks, payments, notices, transcripts and IP PINs, with more features planned over time.
Politics and GovernmentScience & TechnologyBusinessFederal GovernmentComputers and InternetEconomySocial Issues IRSIRS mobile appIRS2GoFrank J. BisignanoIndividual Online AccountIdentity Protection PINtaxpayers
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IRS Launches New Mobile App, Replacing IRS2Go With Expanded Account Access
The IRS has launched a new mobile app replacing IRS2Go, adding secure sign-in and selected Individual Online Account services like refund status, payments, notices and IP PIN access.
Politics and GovernmentScience & TechnologyUSAFederal GovernmentComputers and InternetEconomy IRSIRS mobile appIRS2GoFrank J. BisignanoIndividual Online AccountIdentity Protection PINtaxpayers
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IRS Wraps Up 2026 Nationwide Tax Forums With Nearly 13,000 Attendees
The IRS closed its five 2026 Tax Forums in San Diego with nearly 13,000 attendees, resolving 1,165 cases and covering AI, digital assets and Working Families Tax Cuts provisions.
Politics and GovernmentBusinessUSAFederal GovernmentEconomyEmployment and LaborArtificial IntelligenceEducation IRSNationwide Tax ForumsFrank J. BisignanoTaxpayer Advocate ServiceWorking Families Tax CutsTax ProfessionalsSan Diego