e-News for Small Business Issue 2025-17

The IRS reminds small businesses operating large trucks and buses, the deadline for filing Form 2290, Heavy Highway Vehicle Use Tax Return, is Sept. 2. The usual Aug. 31 deadline is delayed until the next business day because it falls on a Sunday.

For details and instructions see this tax tip.

IRS needs public input on free tax filing options

The IRS invites the public to provide anonymous feedback on a tax preparation and filing options survey, which will run through Sept. 5, 2025. This survey is being conducted as part of the Department of Treasury and IRS efforts to fulfill a reporting requirement to Congress under the One, Big, Beautiful Bill. Treasury will deliver a report to congress by Oct. 2, 2025, on several key issues related to free tax filing options for the public.

FAQs address termination of several energy provisions under OBBB

The IRS and Treasury recently issued a fact sheet with guidance on several energy credits and deductions expiring under the One, Big, Beautiful Bill and their termination dates.

Security Summit reminds small businesses to guard against identity theft

Wrapping up the series the Summer Security Summit, the IRS and its partners remind small business owners and tax pros to guard against identity theft. Here are some common schemes and scams:

Fake “new client” schemes: Fraudsters pose as prospective clients, sending malicious attachments or links to steal login credentials or install malware.
Phishing emails: Sent to encourage sharing sensitive information, such as passwords, Social Security numbers, Central Authorization File information or into clicking harmful links.
Other scams: Calls, texts, fake printed correspondence and misleading social media posts to gain access to client data.
Social media scams: Circulating inaccurate or misleading tax information.

Businesses should know warning signs of identity theft. Here are some of the of preventive tools the IRS and its Security Summit partners recommend:

IRS Identity Protection PIN Opt-In Program: Six-digit PINS to protect clients from someone else filing a tax return using their SSN.
Publication 5708, Creating a Written Information Security Plan for your Tax & Accounting Practice. This publication has a template for writing a WISP. By law, all tax professionals are required to have a WISP in place for their business.
Security Six: anti-virus software, firewalls, backup software or services, encrypted drives, MFAs and virtual private networks or VPNs.

See the news release for full details.

2025 interest rates remain the same for the fourth quarter

The IRS recently announced interest rates will remain the same for the for the fourth quarter which begins Oct. 1.

For corporations, the underpayment rate is the federal short-term rate plus 3 percentage points. The overpayment rate is the federal short-term rate plus 2 percentage points.

These interest rates are computed from the federal short-term rate determined during July 2025. For details see Revenue Ruling 2025-18.

International taxpayers can get answers using chatbot

International taxpayers can get answers to general questions by using the chatbot on IRS.gov available 24/7. Taxpayers can click on the chat icon and type in a question or select International from the pre-populated topics.

Taxpayers living abroad can use the chatbot to find guidance on international tax obligations, deductions, filing procedures and more. They can save or print responses for future use.

Taxpayers with specific business or individual account questions can visit contact my local office internationally for phone and fax information.

Other tax news

The following information may be of interest to individuals and groups in or related to small businesses:

Tax pros: EFIN scams don’t sleep.
Out-of-pocket classroom costs could be offset with Educator Expense Deduction.

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