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e-News for Tax Professionals November 21, 2025

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Issue Number: 2025-45

Inside This Issue


* IRS Resumes Normal Activities Following the 2025 Lapse in Appropriations [ #First ]
* Guidance for Individuals Who Received Tips or Overtime During Tax Year 2025 [ #Second ]
* Guidance on Tax Benefit for Lenders on Loans Secured by Farm or Rural Property Under the One, Big, Beautiful Bill [ #Third ]
* Reminder: Data Breach – You Might Be Next! What to Look For & How to Protect Yourself [ #Fourth ]
* 2025 Nationwide Tax Forums Online: Ethics Courses Available [ #Fifth ]
* Tax Relief for Taxpayers Impacted by Severe Storms, Straight-Line Winds, Tornadoes, and Flooding in Multiple Counties in Missouri [ #Sixth ]
* Disreputable Tax Preparers Sentenced to Time in Prison [ #Seventh ]
* Technical Guidance [ #Eighth ]
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*1.  IRS Resumes Normal Activities Following the 2025 Lapse in Appropriations*

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The IRS has resumed normal operations [ [link removed] ] following the conclusion of the government shutdown, including reopening the agency’s Taxpayer Assistance Centers. As full operations recommence, tax professionals should be aware of several key pieces of information in multiple areas:

*Taxpayer services to individuals.* Taxpayers and tax professionals who opted to receive email and/or text notifications concerning their appointment will be notified they have the opportunity to use the SMART Scheduler feature on IRS.gov to self-schedule previously cancelled Taxpayer Assistance Center appointments, if they meet certain criteria. Otherwise, taxpayers and their representatives may call to reschedule appointments the IRS canceled due to temporary office closures. Tax professionals may refer to the Processing status for tax forms [ [link removed] ] page for current processing status and what to expect for certain tax form types.

*Audits.* Tax professionals with questions about examinations affected by the shutdown should see the Exam resumption FAQs [ [link removed] ].

*Collections.* Tax professionals with a collection issue affected by the shutdown should see the Collections resumption FAQs [ [link removed] ]. This section includes information related to liens, levies, notices of deficiency, penalties, passports and private debt collection.

*Appeals.* Tax professionals with cases in Appeals affected by the shutdown should see the Appeals resumption FAQs [ [link removed] ].

*Taxpayer Advocate Service (TAS).* All TAS [ [link removed] ] offices are now open. TAS will need some time to sort through cases, calls and faxes so they can address the most critical emergencies first.

Calls to TAS offices may go to voicemail. Leave your name, phone number, case number (if applicable) and detailed information about the case.

*Tax Exempt and Government Entities.* The IRS has fully resumed processing:


* Determination letter and voluntary compliance statement applications for retirement plans. Visit Tax Information for Retirement Plans [ [link removed] ] for additional information.
* Applications for tax-exempt status. Please see IRS processing of exemption applications [ [link removed] ] for any actions tax professionals may need to take while waiting for the IRS to issue a determination.
* Forms 8038-CP, Return for Credit Payments to Issuers of Qualified Bonds, for refundable credit payments on direct pay bonds.

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*2.  Guidance for Individuals Who Received Tips or Overtime During Tax Year 2025*

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Following the previously-announced penalty relief for tax year 2025 for information reporting on tips and overtime [ [link removed] ], the Department of the Treasury and the Internal Revenue Service issued guidance for workers [ [link removed] ] eligible to claim the deduction for tips and for overtime compensation for tax year 2025.

Notice 2025-69 [ [link removed] ] clarifies for workers how to determine the amount of their deduction without receiving a separate accounting from their employer for cash tips or qualified overtime on information returns such as Form W-2 or Form 1099. Those forms remain unchanged for the current tax year. The Notice also provides transition relief to workers who receive tips in the course of a specified service trade or business.

The IRS is in the process of updating income tax forms and instructions for taxpayers to use this filing season that will assist in claiming these deductions.

Tax professionals should review the notice carefully. It includes multiple examples illustrating various situations they may encounter for tipped taxpayers and taxpayers earning overtime compensation. It also explains certain exemptions in the law.

*No Tax on Tips summary:* Under the One, Big, Beautiful Bill (PL119-21), workers may be eligible for new deductions for tax years 2025 through 2028 if they received qualified tips. For tipped workers, the maximum annual deduction is $25,000, which phases out for taxpayers with modified adjusted gross income over $150,000 ($300,000 for joint filers).

An estimated 6 million workers report tipped wages.

*No Tax on Overtime summary:* For tax years 2025 through 2028, individuals who receive qualified overtime compensation may deduct the pay that exceeds their regular rate of pay (generally, the “half” portion of “time-and-a-half” compensation) that is required by the Fair Labor Standards Act and reported on a Form W-2, Form 1099, or other specified statement furnished to the individual.


* Maximum annual deduction is $12,500 ($25,000 for joint filers).
* Deduction phases out for taxpayers with modified adjusted gross income over $150,000 ($300,000 for joint filers).

The deduction is available for both itemizing and non-itemizing taxpayers.

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*3.  Guidance on Tax Benefit for Lenders on Loans Secured by Farm or Rural Property Under the One, Big, Beautiful Bill*

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The Department of the Treasury and the Internal Revenue Service also issued guidance [ [link removed] ] for a new tax benefit for certain lenders that make loans secured by rural or agricultural real property. Notice 2025-71 [ [link removed] ] provides interim guidance that taxpayers may rely on until the Treasury Department and the IRS issue forthcoming proposed regulations.

PL 119-21 added section 139L to the Internal Revenue Code, which allows certain lenders to exclude from gross income 25% of the interest they receive from loans secured by rural or agricultural real property. The interim guidance defines key terms from section 139L, establishes standards for determining whether a loan is secured by rural or agricultural property, and provides rules regarding refinancings.

Tax professionals should submit comments about the notice to assist in the drafting of the forthcoming proposed regulations. Comments may be submitted through Regulations.gov [ [link removed] ] (type IRS-2025-0400 in the search field) or by mail, to Internal Revenue Service, CC:PA:01:PR (Notice 2025-71) Room 5503, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044.

For more information, please see the One, Big, Beautiful Bill provisions [ [link removed] ] page on IRS.gov.

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*4.  Reminder: Data Breach – You Might Be Next! What to Look For & How to Protect Yourself*

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IRS representatives are educating tax professionals about warning signs and steps to take to prevent data breaches.

The sessions will be held on Tuesday, November 25, 2025, at:


* Noon ET (11 a.m. CT, 10 a.m. MT, 9 a.m. PT) and
* 3 p.m. ET (2 p.m. CT, 1 p.m. MT, noon PT)

The sessions are 30 minutes long. The presenters will cover the same material in both sessions, so tax professionals should only plan to attend one session.

There’s no need to register. Just join by clicking the link for the Microsoft Teams Meeting [ [link removed] ]. Both sessions use the same link.

IRS Speakers:


* Glenn Gizzi, senior tax analyst, Data Breach
* Mark Henderson, information technology specialist, Cybersecurity

Topics include:


* Practitioner Scams: IRS Cybersecurity will describe the most prolific scams for which practitioners should watch. See sample scam emails and learn about different ways scammers attempt to steal your clients’ information.
* Data Breaches: The IRS Data Breach program lead will describe what happens when you experience a data breach; the next steps involved; and the resources available to you, such as the Written Information Security Plan (WISP).
* Identity Protection PIN: Learn how you can help yourself and your clients protect federal tax return information.
* How This Affects You: Learn how your local area is affected by scams and data breaches.

Participants will receive helpful links to help themselves and their clients.

Please note: CE/CPE will not be granted for these sessions.

If you have a data breach/scam question, please email [email protected] in advance of the program.

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*5.  2025 Nationwide Tax Forums Online: Ethics Courses Available*

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Are you a tax professional in need of ethics credits? The IRS Nationwide Tax Forum Online (NTFO) [ [link removed] ] offers two ethics seminars recorded at the 2025 IRS Nationwide Tax Forum in Orlando:


* Building a Sustainable Practice Through Ethics [ [link removed] ]: This presentation offers a practical, comprehensive approach to integrating Circular 230 requirements throughout the client engagement lifecycle. Participants will learn how to transform professional responsibility obligations into opportunities for practice growth while protecting both practitioner and client interests.
* Introduction to OPR and Circular 230 [ [link removed] ]: This session highlights key provisions of Circular 230, such as due diligence, competence, conflicts of interest, unreasonable delay and personal tax compliance. The session also discusses certain best practices, including recordkeeping and data security.

The NTFO features 15 new self-study seminars recorded at the 2025 IRS Nationwide Tax Forum, including the two ethics seminars featured above. The 15 seminars, which cost $29 each, provide continuing education credit to participants using interactive videos, PowerPoint slides and audio transcripts. For more information, please visit irstaxforumonline.com [ [link removed] ].

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*6.  Tax Relief for Taxpayers Impacted by Severe Storms, Straight-Line Winds, Tornadoes, and Flooding in Multiple Counties in Missouri*

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Tax professionals with clients in Missouri should be aware of a recent announcement by the Internal Revenue Service. The announcement provides tax relief to individuals and businesses in parts of Missouri affected by severe storms, straight-line winds, tornadoes, and flooding that began on March 30, 2025. These taxpayers now have until March 30, 2026, to file various federal individual and business tax returns and make tax payments.

Following the disaster declaration issued by the Federal Emergency Management Agency (FEMA) [ [link removed] ], individuals and households that reside or have a business in Bollinger, Butler, Cape Girardeau, Carter, Cooper, Douglas, Dunklin, Howell, Iron, Madison, Maries, Mississippi, New Madrid, Oregon, Ozark, Pemiscot, Reynolds, Ripley, Scott, Shannon, Ste. Genevieve, Stoddard, Texas, Vernon, Washington, Wayne, and Webster Counties qualify for tax relief.
See the IRS announcement [ [link removed] ] for further details, including the types of tax returns, payments and deposits eligible for tax relief.

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*7.  Disreputable Tax Preparers Sentenced to Time in Prison*

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Tax professionals play a critical role in the nation’s tax system by filing accurate tax returns for their clients. But some dishonest tax preparers attempt to defraud clients and the Internal Revenue Service by filing fraudulent returns.

IRS Criminal Investigation (IRS-CI) pursues these preparers. As the law enforcement arm of the IRS, IRS-CI is responsible for conducting financial crime investigations, including tax fraud, narcotics trafficking, money laundering, public corruption, healthcare fraud, identity theft and more. IRS-CI special agents are the only federal law enforcement agents with investigative jurisdiction over violations of the Internal Revenue Code, obtaining a 90% federal conviction rate.

Some of IRS-CI’s recent cases [ [link removed] ] include:


* California: Bakersfield tax return preparer sentenced for role in $25 million fraud scheme [ [link removed] ]
* Louisiana: Gonzales man sentenced to 18 years in federal prison for multimillion-dollar scheme to defraud the COVID-19-era employee retention credit program [ [link removed] ]
* Maine: Professional tax return preparer convicted for preparing false tax returns [ [link removed] ]
* Massachusetts: Sudbury CPA charged with and pled guilty to conspiring to defraud the IRS and pandemic relief fraud [ [link removed] ]
* New Mexico: Roswell woman sentenced for multi-year fraud schemes targeting COVID relief and tax refunds [ [link removed] ]

Know of a dishonest tax preparer? Report them [ [link removed] ] to the IRS!

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*8.  Technical Guidance*

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Revenue Ruling 2025-24 [ [link removed] ] provides various prescribed rates for federal income tax purposes, including the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate and the adjusted federal long-term tax-exempt rate. These rates are determined as prescribed by Internal Revenue Code section 1274.

The IRS publishes these rates monthly for purposes of sections 42, 382, 412, 642, 1288, 1274, 7520, 7872, and various other sections of the Internal Revenue Code.

Revenue Ruling 2025-24 will appear in Internal Revenue Bulletin 2025-50, dated December 8, 2025.

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