e-News for Small Business Issue 2025-10

Scam awareness tips; interest rates; emergency preparedness

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e-News for Small Business May 20, 2025
Tax Resources for Small Business Small Business Self-Employment Center Small Business Forms & Instructions Small Business Tax Workshops, Meetings and Seminars Webinars for Small Businesses E-file Employment Tax Forms Businesses with Employees Self-Employed Individuals Tax Center S Corporations Other Resources IRS Home Page A-Z Index for Business Forms, Instructions & Publications Filing Your Taxes Pay Online Taxpayer Advocate Service Retirement Plans for Small Entities and Self-Employed Tax Information for Charities and Other Non-Profits State Government Websites SSA/RS Reporter IRS Social Media	Issue Number:  2025-10 Inside This Issue Businesses: Beware of tax scams year-round Always include financial records in emergency preparedness plans 2025 interest rates remain the same for the third quarter Other tax news   Businesses: Beware of tax scams year-round The IRS advises small businesses and taxpayers to stay vigilant against scams and fraud year-round. Here are some ways businesses can protect themselves and client data: Protect your Employer Identification Number. Stay vigilant during disaster season. Scammers may impersonate IRS employees claiming to offer help when filing casualty loss claims. Use anti-malware/anti-virus software with automatic updates and strong passwords with multi-factor authentication. Watch out for fake requests for W-2s. Visit the Tax Scams page of IRS.gov and follow @IRStaxsecurity on X or any official IRS social media account for scam awareness information.      Back to top   Always include financial records in emergency preparedness plans Businesses should make sure emergency preparedness plans include vital records and financial information. Here are some things everyone can do to protect financial records: Update emergency preparedness plan annually Create electronic copies of documents Document valuables Review tax relief for disaster situations      Back to top   2025 interest rates remain the same for the third quarter The IRS announced that interest rates will remain the same for the calendar quarter beginning July 1, 2025. 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 April 2025. For details see Revenue Ruling 2025-11.      Back to top   Other tax news These topics may be of interest to small businesses, their employees and community partners: IRS announces call for grant applications for Tax Counseling for the Elderly and Volunteer Income Tax Assistance programs IRS opens application period for Low Income Taxpayer Clinic grants May 15      Back to top           Thank you for subscribing to this IRS email service. This message was distributed automatically from the mailing list e-News for Small Business. Please Do Not Reply To This Message.

 

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QuickAlerts - Technical New Modernized e-File (MeF) Business Returns Schema and Business Rules are Available

Having trouble viewing this email? View it as a Web page.                                                                                                                                                  QuickAlerts for Tax Professionals May 16 2025 e-file Resources QuickAlerts Library QuickAlerts Article QuickAlerts Brochure e-file for Tax Pros Software Developers IRS.gov Refund Information Other Useful Links Tax Professionals Home All Forms and Instructions Training and Communication Tools e-Services Disaster Relief Internal Revenue Bulletins Subject:  New Modernized e-File (MeF) Business Returns Schema and Business Rules are Available. Attention: Software Developers, Return Transmitters and Authorized IRS e-File Providers/EROs. Tax Years 2024 Schemas and Business Rules are available. Prior Year Schemas and Business Rules Updates: Form 94x (Quarterly)                   TY 2024v2.0      Prior Year Business Rules Updates (only): Form 94x (Amended Quarterly)   TY 2024v2.0 Note: If only minor changes occur, Software Developers are not required to use the new version. If the major number changes, all software must reflect the new version. Please visit the Modernized e-file (MeF) Schemas and Business Rules page on IRS.gov for more information about Schemas and Business Rules. Software Developers and State organizations may download Schemas and Business Rules from their e-Services mailbox. To access these files, the following is needed: Active e-Services account Listed on an e-File application with the provider option of Software Developer or State Software Developer must have an associated tax type of 941 and 941-X. You may have several messages in your account. Please open all of them to find the set you would like to download. After 60 days the messages are purged. If you have the appropriate role and do not have these files available for download within 48 hours, please contact the MeF Mailbox with the Company Name, ETIN and Schema Package(s) with Tax Year needed.   Back to Top Thank you for subscribing to QuickAlerts for Tax Professionals, an IRS e-mail service. If you have an idea or a question related to QuickAlerts you can contact us by e-mail. Submissions which are not related to QuickAlerts will not be processed. If you have tax related questions you should pursue normal customer service channels provided on IRS.gov. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically. Please Do Not Reply To This Message.       Update your subscriptions, modify your password or email address, or stop subscriptions at any time on your Subscriber Preferences Page. You will need to use your email address to log in. If you have questions or problems with the subscription service, please contact subscriberhelp.govdelivery.com. This service is provided to you at no charge by the Internal Revenue Service (IRS). This email was sent to business.solutions.ve@gmail.com by: Internal Revenue Service (IRS) · Internal Revenue Service · 1111 Constitution Ave. N.W. · Washington, D.C. 20535

IR-2025-60: IRS announces call for grant applications for Tax Counseling for the Elderly and Volunteer Income Tax Assistance programs

IRS Newswire May 13, 2025
News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News Home IRS Resources Contact My Local Office Filing Options Forms & Instructions Frequently Asked Questions News Taxpayer Advocate Where to File IRS Social Media	Issue Number:  IR-2025-60 Inside This Issue IRS announces call for grant applications for Tax Counseling for the Elderly and Volunteer Income Tax Assistance programs WASHINGTON — The Internal Revenue Service is now accepting applications for the Tax Counseling for the Elderly (TCE) and Volunteer Income Tax Assistance (VITA) grants. These grants allow eligible organizations to apply for annual funding to provide free federal tax return preparation assistance for up to three years. In 2025, grant recipients from the two programs helped taxpayers file more than 2.7 million tax returns nationwide. Applications are being accepted on Grants.gov from May 1, 2025, through May 31, 2025, for both the TCE and VITA grant opportunities. Application packages and guidelines are available on IRS VITA and TCE Grants webpage. The IRS established the TCE program in 1978 to provide tax counseling and return preparation primarily for individuals aged 60 and older. The IRS provides training and technical assistance to senior communities across the nation. The VITA grant program was established in 2007 to supplement the original VITA initiative, which began in 1969. The grant program enables VITA to extend services to underserved populations in the hard-to-reach urban and non-urban areas, increases the ability of target taxpayers to file returns electronically, enhances volunteer training and improves the accuracy rate of returns prepared at VITA sites. More information: Applying for a TCE grant Publication 1101, Application Package and Guidelines for Managing a TCE Program Applying for a VITA grant Publication 4671, VITA Grant Program Overview and Application Instructions   Back to Top         Thank you for subscribing to the IRS Newswire, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message.

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CORRECTION: IR-2025-59: Interest rates remain the same for second quarter of 2025

IRS Newswire May 12, 2025
News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News Home IRS Resources Contact My Local Office Filing Options Forms & Instructions Frequently Asked Questions News Taxpayer Advocate Where to File IRS Social Media	Issue Number:  IR-2025-59 Inside This Issue Interest rates remain the same for second quarter of 2025 WASHINGTON — The Internal Revenue Service announces that interest rates will remain the same for the calendar quarter beginning July 1, 2025. For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily. Here is a complete list of the interest rates: 7% for overpayments (payments made in excess of the amount owed), 6% for corporations. 4.5% for the portion of a corporate overpayment exceeding $10,000. 7% for underpayments (taxes owed but not fully paid). 9% for large corporate underpayments. Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rates are equal to the federal short-term rate plus three percentage points. Generally, in the case of a corporation, the underpayment rate is the federal short-term rate plus three percentage points and the overpayment rate is the federal short-term rate plus two percentage points. The rate for large corporate underpayments is the federal short-term rate plus five percentage points. The rate on the portion of a corporate overpayment of tax exceeding $10,000 for a taxable period is the federal short-term rate plus one-half (0.5) of a percentage point. These interest rates are computed from the federal short-term rate determined during April 2025. Revenue Ruling 2025-11 announcing the rates of interest will appear in Internal Revenue Bulletin 2025-23, dated June 2, 2025.   Back to Top         Thank you for subscribing to the IRS Newswire, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message.

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IR-2025-59: IRS releases fiscal year 2024 Data Book describing agency’s activities

IRS Newswire May 12, 2025
News Essentials What's Hot News Releases IRS - The Basics IRS Guidance Media Contacts Facts & Figures Around The Nation e-News Subscriptions The Newsroom Topics Multimedia Center Noticias en Español Radio PSAs Tax Scams The Tax Gap Fact Sheets IRS Tax Tips Armed Forces Latest News Home IRS Resources Contact My Local Office Filing Options Forms & Instructions Frequently Asked Questions News Taxpayer Advocate Where to File IRS Social Media	Issue Number:  IR-2025-59 Inside This Issue IRS releases fiscal year 2024 Data Book describing agency's activities  WASHINGTON — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning July 1, 2025.  For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily.  Here is a complete list of the interest rates: 7% for overpayments (payments made in excess of the amount owed), 6% for corporations. 4.5% for the portion of a corporate overpayment exceeding $10,000. 7% for underpayments (taxes owed but not fully paid). 9% for large corporate underpayments. Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis.  For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus three percentage points. Generally, in the case of a corporation, the underpayment rate is the federal short-term rate plus three percentage points and the overpayment rate is the federal short-term rate plus two percentage points.  The rate for large corporate underpayments is the federal short-term rate plus five percentage points.  The rate on the portion of a corporate overpayment of tax exceeding $10,000 for a taxable period is the federal short-term rate plus one-half (0.5) of a percentage point. The interest rates announced today are computed from the federal short-term rate determined during April 2025.  See the revenue ruling for details. Revenue Ruling 2025-11 announcing the rates of interest, is attached and will appear in Internal Revenue Bulletin 2025-23, dated June 2, 2025.   Back to Top         Thank you for subscribing to the IRS Newswire, an IRS e-mail service. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically from the mailing list IRS Newswire. Please Do Not Reply To This Message.

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Transcript Delivery System (TDS) Modernization - Temporary HTML Reversion for Form 1040 Series Transcripts

QuickAlerts for Tax Professionals May 12, 2025
e-file Resources QuickAlerts Library QuickAlerts Article QuickAlerts Brochure e-file for Tax Pros Software Developers IRS.gov Refund Information Other Useful Links Tax Professionals Home All Forms and Instructions Stakeholders Partners' Headliners Training and Communication Tools e-Services Disaster Relief Internal Revenue Bulletins	Subject:  Transcript Delivery System (TDS) Modernization - Temporary HTML Reversion for Form 1040 Series Transcripts Attention: Transcript Delivery System Users As part of our ongoing modernization efforts, the Form 1040 series transcripts were recently upgraded to HTML 5.0. To give tax professionals more time to make any necessary software adjustments, the transcripts will temporarily revert back to HTML 4.0 from May 2, 2025, through May 24, 2025. As more transcripts are moved from legacy to modernization, we will communicate the deployment dates to allow any programming changes that may be needed. We appreciate your patience and apologize for any inconvenience.  Back to Top   Thank you for subscribing to QuickAlerts for Tax Professionals, an IRS e-mail service. If you have an idea or a question related to QuickAlerts you can contact us by e-mail. Submissions which are not related to QuickAlerts will not be processed. If you have tax related questions you should pursue normal customer service channels provided on IRS.gov. If you know someone who might want to subscribe to this mailing list, please forward this message to them so they can subscribe. This message was distributed automatically. Please Do Not Reply To This Message.

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IR-2025-57SP: IRS les recuerda a contribuyentes y a pequeñas empresas que tengan cuidado con estafas

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Consejos Tributarios del IRS 9 de mayo de 2025
Esenciales de Noticias Noticias en Español Consejos Tributarios del Cuidado de Salud Oficina de Prensa Fraudes Tributarios Alrededor de la Nación Temas de Interés IRS.gov/Español   Consejos Tributarios Centro Multimediático Hojas de Datos Recursos del IRS Medios Sociales y el IRS Contacto de Mi Oficina Local Formularios e Instrucciones Defensor del Contribuyente Los Derechos del Contribuyente	Edición Número:  IR-2025-57SP En Esta Edición IRS les recuerda a contribuyentes y a pequeñas empresas que tengan cuidado con estafas WASHINGTON — El Servicio de Impuestos Internos se suma a la celebración de la Semana nacional de la pequeña empresa recordándole a los contribuyentes y a las pequeñas empresas que, aunque la fecha límite de presentación de impuestos del 15 de abril de 2025 ya pasó, es importante mantenerse alerta contra las estafas y el fraude durante todo el año. A principios de este año, el IRS publicó su lista anual Docena Sucia que destaca algunos planes fraudulentos que impactan a las empresas y que incluyen estafas de clientes nuevos, organizaciones benéficas falsas, malos consejos en las redes sociales y reclamos de créditos falsos. Existen varias medidas de protección que los contribuyentes y las empresas pueden tomar, como estar alerta ante solicitudes falsas de formularios W-2, especialmente ahora que la fecha límite de presentación de impuestos ya ha pasado. Se recomienda a las empresas que tomen medidas proactivas hoy mismo para proteger a sus negocios y empleados mediante la implementación de medidas de seguridad robustas. Algunos ejemplos son el uso de software antimalware/antivirus con actualizaciones automáticas y el uso de contraseñas seguras con autenticación de múltiples factores. Asegúrese de ingresar datos personales únicamente en sitios web seguros (https) para evitar el acceso no autorizado. Consulte la Publicación 5961, Proteja su negocio contra estafas tributaries (en inglés) PDF, para obtener más información. Los dueños de negocios deben priorizar la protección de su Número de Identificación del Empleador (EIN, por sus siglas en inglés). Manténgalo seguro y actualizado con información precisa. Cualquier actualización necesaria del EIN debe realizarse con prontitud mediante el Formulario 8822-B (en inglés). Esto garantizará su integridad y minimizará el riesgo de robo de identidad o actividades fraudulentas. La temporada de desastres también se acerca, lo que facilita la aparición de más fraudes y estafas tras un desastre. Los estafadores pueden hacerse pasar por empleados del IRS, afirmando que pueden ofrecer "ayuda" al presentar reclamaciones por pérdidas. Los sobrevivientes de un desastre pueden llamar a la línea de asistencia para desastres del IRS al 866-562-5227. Los representantes del IRS responderán preguntas acerca de alivio tributario o ayuda y alivio por emergencia en casos de desastre. Asegúrese de capacitar a sus empleados sobre la seguridad de sus datos para protegerlos a ellos y a su empresa. Existen diversos recursos disponibles, como el Centro de robo de identidad del IRS y publicaciones sobre la concienciación de seguridad. Los contribuyentes tienen varias vías para denunciar estafas: Reporte estafas sospechosas relacionadas con el IRS o con impuestos a phishing@irs.gov. Informe al IRS sobre pérdidas de datos relacionadas con estafas de formularios W-2 a dataloss@irs.gov. Notifique a los estados sobre cualquier divulgación de información de identidad a statealert@taxadmin.org. Para obtener más información acerca de estafas, visite IRS.gov/estafas. Además de IRS.gov, el IRS publica periódicamente información útil en los medios sociales del IRS. Siga a @IRStaxsecurity en X para obtener información acerca de estafas. Back to top         Gracias por suscribirse a Consejos Tributarios en Español del IRS, un servicio de correo electrónico del IRS. Para obtener más información sobre los impuestos federales, por favor visite la página de internet IRS.gov. Este mensaje fue distribuido automáticamente de la lista de correos electrónicos de Consejos Tributarios en Español del IRS. Por favor no responda a este mensaje.

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