e-News for Tax Professionals 2025-36

Are you in need of continuing education (CE) credits? Space is still available at the IRS Nationwide Tax Forum (NTF) in Baltimore, Sept. 9-11. The Tax Forum provides tax professionals the opportunity to learn from the experts and connect with the IRS.

Visit IRS Nationwide Tax Forum to register.

2. IRS urges emergency preparedness

As hurricane season peaks and wildfire risks remain high, the IRS urges individuals and businesses to create or update their emergency preparedness plans as part of National Preparedness Month. Disaster readiness starts with safeguarding critical documents, recording valuables and knowing how to access IRS support. Keeping updated records can speed up recovery and make it easier to apply for disaster assistance and emergency relief if a disaster strikes.

3. Sept. 10 Webinar: U.S. Taxation of Employees of Foreign Governments and International Organizations

Join the IRS for an upcoming webinar, U.S. Taxation of Employees of Foreign Governments and International Organizations, scheduled for Wednesday, Sept. 10, from 2–4 p.m. ET. IRS presenters from the Large Business & International division will:

List the considerations in determining whether compensation from a foreign government or international organization is subject to U.S. tax
Describe the effect of U.S. tax residency status and/or visa type on U.S. taxation
Explain the exemption under Internal Revenue Code Section 893
Note the consequences of signing or not signing USCIS Form I-508
Answer questions from the audience

Tax professionals can earn up to two CE credits. To see a complete list of webinars, visit the Upcoming Webinars page on IRS.gov.

4. News from the Justice Department’s Tax Division

A Massachusetts tax return preparer, Yves Isidor, owner and operator of Tax Realty Pro of Somerville, Mass., was sentenced to 18 months in prison for filing false tax returns for clients. From 2012 to 2019, Isidor prepared over 1,500 returns for taxpayers but falsified returns by preparing fraudulent schedules that claimed inappropriate expenses or deductions. On multiple occasions, Isidor inflated clients’ total itemized deductions by fabricating medical expenses, charitable contributions, employment expenses and taxes. At trial, clients testified that Isidor falsified their individual tax returns without request or consent. Isidor caused a loss to the United States of $443,000. In addition to the prison sentence, the judge ordered Isidor to serve three years of supervised release.

5. Technical Guidance

Revenue Ruling 2025-18: Interest rates: underpayments and overpayments. The rates for interest determined under Section 6621 of the code for the calendar quarter beginning Oct. 1, 2025, will be 7 percent for overpayments (6 percent in the case of a corporation), 7 percent for underpayments, and 9 percent for large corporate underpayments. The rate of interest paid on the portion of a corporate overpayment exceeding $10,000 will be 4.5 percent.

Revenue Procedure 2025-28 instructs taxpayers on how to make various elections, file amended returns or change accounting methods for research or experimental expenditures as provided under section 70302 of the One, Big, Beautiful Bill Act, Public Law 119-21, 139 Stat. 72 (July 4, 2025). It also provides transitional rules, modifies Revenue Procedure 2025-23, List of Automatic Changes, and grants an extension of time for partnerships, S corporations, C corporations, individuals, estates and trusts, and exempt organizations to file superseding 2024 federal income tax returns.

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