e-News for Tax Professionals 2025-23

The IRS reminds tax pros the early bird registration rate for the 2025 IRS Nationwide Tax Forum expires on Tuesday, June 10. The 2025 IRS Nationwide Tax Forum is the agency’s largest annual outreach event designed and produced for the tax professional community.

This year’s curriculum features required continuing education sessions on tax law and ethics. Hot topics also include changes to the tax code, common scams and schemes, online tools, digital assets and disaster reporting. Enrolled agents, certified public accountants, Annual Filing Season Program (AFSP) participants and other tax professionals can earn up to 18 continuing education (CE) credits.

2. IRS reminder: Second quarter estimated tax payment deadline is June 16

The IRS reminded taxpayers that second quarter 2025 estimated tax payment is due Monday, June 16. Taxpayers who receive income not subject to withholding, such as income from self-employment, gig work, interest, dividends, capital gains, rent or 1099 earnings, may need to make estimated tax payments throughout the year. This group includes freelancers, retirees, investors, businesses and corporations.

3. News from the Justice Department’s Tax Division

Two Florida men pleaded guilty to tax crimes on a scheme to prepare false tax returns for clients. Franklin Carter Jr. pleaded guilty to conspiring to defraud the United States and not filing tax returns. Jonathan Carrillo pleaded guilty to conspiring to defraud the United States and assisting in the preparation of false tax returns. According to court documents and statements made in court, from 2016 to 2020 Carter and Carrillo owned and operated Neighborhood Advance Tax (NAT), a return preparation business with a dozen offices throughout Florida. Carter, Carrillo and their co-conspirators fraudulently inflated client tax refunds by fabricating deductions on their returns. They also held periodic training sessions teaching other NAT employees how to prepare fraudulent tax returns. In total, both men caused a tax loss to the IRS exceeding $12 million and face a maximum sentence of five years in prison for the conspiracy charge. Carter faces a maximum sentence of one year in prison for each failure to file a tax return charge, and Carillo faces a maximum sentence of three years in prison for each charge of assisting in the preparation of a false tax return. Both men also face a period of supervised release, restitution, and monetary penalties.

4. Technical Guidance

Notice 2025-27 provides interim guidance on the application of the corporate alternative minimum tax, as added to title 26 of the United States Code (Internal Revenue Code) by the Inflation Reduction Act of 2022. Specifically, this notice provides an optional simplified method for determining applicable corporation status under section 59(k) of the Internal Revenue Code. This notice also waives certain additions to tax under section 6655 regarding a corporation’s CAMT liability under section 55.

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