Get Ready to file; EITC; ETAAC membership deadline; and more
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Issue Number: 2025-04Inside This Issue
1. Get Ready to file taxes in 2025 Tax pros: Tax season 2025 begins on Monday. Visit the Get Ready page for information about gathering and organizing tax records, life changes that can affect a refund, what to do with a Form 1099-K, home and energy related credits, how to avoid refund delays and more. 2. Earned Income Tax Credit resources available With Earned Income Tax Credit (EITC) Awareness Day coming up on Jan. 31, the IRS wants the tax community to know about resources that can assist with EITC claims. For example, you can use the EITC Assistant to determine client eligibility, while the child-related tax benefits comparison page outlines eligibility rules. Even if taxpayers do not qualify for the EITC, they may be eligible for other credits or deductions. The Interactive Tax Assistant can help determine eligibility for the Child Tax Credit, Additional Child Tax Credit or Credit for Other Dependents. Visit the Tax Return Preparer Toolkit for more information. 3. ETAAC is accepting membership applications through Jan. 31 The IRS is seeking qualified applicants for nomination to the Electronic Tax Administration Advisory Committee (ETAAC), an organized public forum for discussion of issues in electronic tax administration, such as prevention of identity theft and refund fraud. New members will serve three-year terms beginning in September 2025. Applications will be accepted through Jan. 31. For more information about ETAAC, the application process and qualification criteria, email [email protected]. 4. IRS Form 1120-H now available for electronic filing Taxpayers can now file Form 1120-H, U.S. Income Tax Return for Homeowners Associations, electronically. A homeowners association files Form 1120-H as its income tax return to exclude exempt function income from its gross income. Tax preparation software must include the option to file the form electronically. Taxpayers can still choose to submit a paper version. Visit Form 1120/1120-S/1120-F/1120-H efile page on IRS.gov to learn more. 5. Upcoming webinars and continuing education for tax professionals The IRS offers the upcoming live webinars to the tax pro community:
The IRS also encourages tax professionals to register for the IRS Nationwide Tax Forum Online to get access to 18 seminars recorded at the 2024 IRS Nationwide Tax Forum. The Nationwide Tax Forum Online offers tax professionals a convenient way to stay informed about current legislation, IRS procedures and key topics for the upcoming tax season. Each seminar features a 50-minute interactive video presentation with synchronized slides, downloadable materials and complete transcripts. Courses can be taken for continuing education (CE) credit for a fee of $29, or they can be reviewed for free (no CE credit). Thank you for subscribing to e-News for Tax Professionals an IRS e-mail service. If you have a specific concern about your client's tax situation, call the IRS Practitioner Priority Service 1-866-860-4259. This message was distributed automatically from the mailing list e-News for Tax Professionals. Please Do Not Reply To This Message To subscribe to or unsubscribe from another list, please go to the e-News Subscriptions page on the IRS Web site. |
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