Angela's Taxes, LLC, Angela L Wadsworth, CPA

09/04/2026

09/04/2026

IRS reminder: National Payroll Week is time for a paycheck checkup
Workers can review withholding; employers can revisit payroll tax responsibilities
IR-2026-105, Sept. 4, 2026

WASHINGTON — The Internal Revenue Service today encouraged workers and employers to review withholding and payroll tax responsibilities ahead of National Payroll Week.

Observed Sept. 7-11, National Payroll Week recognizes payroll professionals and the important role they play in helping ensure employees are paid accurately and on time. The observance also offers an opportunity for workers to look more closely at their paychecks and for employers to revisit important payroll responsibilities.

“Payroll professionals play an essential role in supporting America’s workers, businesses, and tax system,” said IRS Chief Executive Officer Frank J. Bisignano. “During National Payroll Week, we recognize the contributions of payroll professionals and reaffirm the IRS’s commitment to providing the tools and services they need to meet their responsibilities with confidence.”

Workers: Check withholding now
Federal income tax is generally paid throughout the year as income is earned. For employees, employers generally withhold federal income tax from each paycheck based on the employee’s earnings and the information provided on Form W-4, Employee’s Withholding Certificate.

The IRS encourages workers to check their withholding periodically, particularly after a major life or income change or when tax law changes. Events that may affect withholding include starting or leaving a job, working multiple jobs, marriage, divorce, the birth or adoption of a child, or a significant change in income.

The IRS Tax Withholding Estimator can help workers determine whether they are having too much or too little federal income tax withheld. The free online tool uses information such as recent pay statements, income, deductions, and credits to estimate federal income tax withholding.

If an adjustment is needed, workers can use the estimator results to help complete a new Form W-4 and submit it to their employer. Form W-4 should not be sent to the IRS.

Employers and payroll professionals: Keep payroll taxes on track and protected
Employers and payroll professionals play an important role in the nation’s tax system by withholding, reporting, and depositing employment taxes.

The IRS encourages employers to regularly review their payroll processes and use current IRS guidance. Key responsibilities include:

Withhold employment tax accurately: Employers generally must withhold federal income tax, Social Security tax, and Medicare tax from employees’ wages.
Deposit federal taxes electronically: Federal tax deposits must be made by electronic funds transfer. Available options include the Electronic Federal Tax Payment System (EFTPS), IRS Direct Pay for businesses, and Business Tax Account for eligible users.
File employment tax returns on time: Employers can electronically file many employment tax records, including Forms 940, 941, 943, 944, and 945.
Maintain payroll records: Employers should keep all records of employment for at least four years.
Protect payroll data: Employers and payroll professionals should verify changes to direct deposit or employee information through a trusted channel, limit access to payroll systems, use multifactor authentication, and remain alert to phishing and credential theft.
Publication 15, (Circular E), Employer’s Tax Guide provides information employers need to meet their federal employment tax responsibilities. Publication 15-T, Federal Income Tax Withholding Methods provides federal income tax withholding methods and tables.

Webinar for the payroll community
Payroll professionals can register for the free Sept 8 webinar, IRS and Payroll Professionals – Partners in Every Paycheck, for updates on federal employment tax deposits, Trump Account employer contributions, 2026 Form W-2 reporting changes, and IRS payroll resources.

IRS resources for the payroll community
The IRS provides resources throughout the year for employers and payroll professionals, including:

Payroll Professionals Tax Center
Understanding Employment Taxes
Tax Withholding Estimator
Publication 15, (Circular E), Employer’s Tax Guide
Publication 15-T, Federal Income Tax Withholding Methods
Business Tax Account
E-file Employment Tax Forms
Payroll professionals can also subscribe to e-News for Payroll Professionals for updates about federal payroll reporting, employment tax procedures, IRS announcements, and other developments affecting payroll tax returns.

09/03/2026

IRS Reminder: Disaster preparedness starts with tax records
IR-2026-104, Sept. 3, 2026

WASHINGTON — The Internal Revenue Service today encouraged taxpayers to protect important tax and financial records before disaster strikes.

As part of National Preparedness Month, the IRS reminds individuals, businesses, and tax professionals to make or update emergency plans, safeguard key documents, and know where to find IRS disaster relief resources. Taking a few steps now can make it easier to recover, apply for assistance, file insurance claims, or claim disaster-related tax benefits.

“Preparing now can make a real difference when a disaster strikes,” said IRS Chief Executive Officer Frank J. Bisignano. “All taxpayers, even those in areas not prone to disaster, should take precautionary steps outlined in IRS resources to plan for the loss of valuable property and to ensure important financial records are protected.”

Disasters can happen quickly and with little warning. Floods, wildfires, hurricanes, tornadoes, severe storms, and other emergencies can damage homes, businesses, and records needed for tax, insurance, and federal assistance purposes.

Taxpayers can prepare by taking these steps:

Keep key documents safe. Taxpayers should keep tax returns, birth certificates, Social Security cards, insurance policies, property titles, and other important records in waterproof and fireproof containers.
Create electronic copies. Taxpayers should consider scanning papers records and saving electronic copies on a secure device or in the cloud. Many financial institutions also provide statements electronically.
Document valuable property. Photos or videos of homes, businesses, vehicles, and other properties can help support claims of losses of property for tax purposes, as well as insurance claims after a disaster. IRS disaster loss workbooks can help individuals and businesses compile a room-by-room list of belongings and equipment.
Review emergency plans. Taxpayers should review and update emergency plans each year. Ready.gov has resources and checklist to help individuals and businesses prepare.
Know how to access tax records. Taxpayers can use IRS Individual Online Account to access tax information, including transcripts, notices, and other records. Taxpayers who need copies of previously filed returns or transcripts after a disaster can also use Get Your Tax Records and Transcripts on IRS.gov.
Businesses should also review payroll protections. Employers who use a payroll service provider should ask whether the provider has a fiduciary bond. Eligible business taxpayers can use Business Tax Account to view balances, make payments, and view payment history. Registered Electronic Federal Tax Payment System users can continue to use EFTPS for federal tax payments.

IRS disaster tax relief may be available
When the IRS grants disaster tax relief, certain tax filing and payment deadlines that fall within the postponement period are postponed until the relief deadline. Specific relief varies by disaster, and taxpayers should review the applicable IRS disaster announcement for deadlines, returns, payments, and other actions covered.

In many cases, disaster tax relief is automatic for taxpayers whose IRS address of record is located in a covered disaster area. These taxpayers generally do not need to contact the IRS to receive relief.

Taxpayers who live outside a covered disaster area, but whose records are necessary to meet a deadline located in the affected area, will need to call the IRS Special Services Hotline at 866-562-5227 to request relief and tax practitioners should review bulk requests from practitioners for disaster relief.

Individuals and businesses that sustain uninsured or unreimbursed disaster-related losses may be eligible to claim those losses on a federal tax return, subject to applicable tax law requirements. Taxpayers should review Publication 547, Casualties, Disasters, and Thefts, for more information about casualty losses and disaster-related tax rules.

More information
Taxpayers can find current disaster relief information and resources on IRS.gov:

Around the Nation
FAQs for disaster victims
Tax Resources for Disaster Victims
Publication 547, Casualties, Disasters, and Thefts
Publication 584, Casualty, Disaster, and Theft Loss Workbook (Personal-Use Property)
Publication 584-B, Business Casualty, Disaster, and Theft Loss Workbook
Publication 3067, IRS Disaster Assistance - Federally Declared Disaster Area
Taxpayers can also visit DisasterAssistance.gov, Ready.gov, and FEMA.gov for additional disaster preparedness and recovery resources.

09/02/2026

How taxpayers can reconstruct records after a disaster

Some taxpayers may need to reconstruct vital records that were lost in a disaster. Having these records is important for tax purposes, federal assistance or insurance reimbursement. Here are a few steps people who were affected by a disaster can take if they need to obtain their lost records.

Replace tax records
A recent tip explained the different types of tax transcripts and how to get them. The most common type needed after a disaster loss is a tax return transcript. Taxpayers can:

Register to use Individual Online Account to view, print, or download their transcript(s)
Order a transcript by mail or call the automated phone transcript service at 800-908-9946. This typically takes between 5 to 10 calendar days for delivery.
Request by submitting Form 4506-T, Request for Transcript of Tax Return.
Financial and bank records
Credit card companies and banks often provide users with access to past statements.

Reconstruct personal property records
Photos, videos, canceled checks, receipts can help establish the value of damaged or lost property. They can also check online sources to help determine fair market value.

Real property records

Property documents: Contact the title or escrow company or bank that handled the purchase of the home or other property for copies of the records.
Home improvements: Get in touch with the contractors who did the work and ask for statements to verify the work and cost. They can also get written descriptions from friends and relatives who saw the house before and after any improvements.
Inherited property: Check court records for probate values. If a trust or estate existed, taxpayers can contact the attorney who handled the trust.
No records: People with no records available should check the county assessor's office for old records that might address the value of the property.
Vehicle records
Vehicle owners can research the current fair-market value for most vehicles. Resources are available online and at most libraries. They can also contact the dealer where the car was purchased and ask for a copy of the contract.
Taxpayers in a disaster area may now see personalized messages in their IRS Individual Online Account. The messages highlight tax relief, including extended filing and payment deadlines as well as a link to other disaster assistance information. They can also find news about disaster tax relief specific to their area on the Around the nation page of IRS.gov.

More information

Publication 3067, IRS Disaster Assistance
Publication 547, Casualties, Disasters, and Thefts
Publication 584, Casualty, Disaster, and Theft Loss Workbook
Publication 584-B, Business Casualty, Disaster, and Theft Loss Workbook
DisasterAssistance.gov
FAQs for disaster victims

08/27/2026

What taxpayers should know about IRS third party authorizations

Taxpayers can give a third party the authority to help with federal tax matters. Depending on the type of authorization, this could be a family member or friend, or a tax professional, attorney or business.

There are different types of third-party authorizations with specific roles assigned. Additionally, taxpayers who want to have a third party represent them must formally grant them permission to do so.

Different types of third-party authorizations:

Power of Attorney – Allows someone to represent a taxpayer when resolving tax matters with the IRS. With this authorization, the representative must be an individual authorized to practice before the IRS and Form 2848, Power of Attorney and Declaration of Representative must be completed. A POA can do several things, such as:
Represent, advocate, negotiate and sign on behalf of the taxpayer
Argue facts and the application of law
Receive tax information for the matters and tax years/periods specified by the taxpayer
Receive copies of IRS notices and communications
Tax Information Authorization – Appoints a person to review or receive a taxpayer's confidential tax information for the type of tax for a specified period using form 8821.
Third Party Designee – Designates a person on the taxpayer's tax form to discuss that specific tax return and tax year with the IRS.
Oral Disclosure – Authorizes the IRS to disclose the taxpayer's tax info to a person the taxpayer brings into a phone call or meeting with the IRS about a specific tax issue.
Revoking a third-party authorization
A taxpayer can choose to revoke any authorization at any time.

Power of Attorney stays in place until the taxpayer revokes the authorization or the representative withdraws it.
Tax Information Authorization stays in effect until it is revoked by the taxpayer or the designee withdraws it.
Third Party Designee generally expires one year from the due date of the tax return, not counting extensions.
Oral disclosure, unless it’s stated otherwise, is automatically revoked once the conversation has ended. If the taxpayer wants additional oral disclosure exceeding the original request, a new authorization will be required.

08/27/2026

Tax transcripts: Know the different types and how to get them

Taxpayers may need to access their tax records or transcripts for many different reasons. It could be needed for filing a tax return, applying for a mortgage or loan, to name a couple of reasons.

There are several different kinds of tax transcripts available to taxpayers for free. Here’s what’s available, what they are and how they can be obtained.

What are the different transcript types?

Tax return transcripts show most line items from the taxpayer’s original Form 1040-series tax return, along with any forms and schedules, but doesn't show any changes made after the original return was filed. It’s available for the current and three prior tax years and is often used for life events such as mortgages or financial aid.
Tax account transcripts show basic information such as filing status, taxable income, and payment types. Unlike the tax return transcripts, this one will show changes made after the original return was filed and is generally available for the current and nine prior tax years.
Record of account transcripts combine the tax return and tax account transcripts above into one complete transcript. This transcript is available for the current and three prior tax years.
Wage and income transcripts show data from information returns we receive such as Forms W-2, 1098, 1099, and 5498. The transcript will only display information return documents that have been filed with the IRS which may not reflect all the information return documents issued to the taxpayer. This transcript is available for the current and nine prior tax years.
Verification of non-filing letter states the IRS has no record of a processed Form 1040-series tax return as of the date of the request. It doesn't indicate whether the taxpayer was required to file a return for that year. This letter is available after June 15 for the current tax year or anytime for the prior three tax years.
Ways to get transcripts

Register to use Individual Online Account to view, print, or download all transcript types listed above.
Order a transcript by mail or call the automated phone transcript service at 800-908-9946. This typically takes between 5 to 10 calendar days for delivery.
Request any transcript listed above by submitting Form 4506-T, Request for Transcript of Tax Return.
A transcript isn't a photocopy of a taxpayer’s actual return. If a copy of the original return is needed, they can submit Form 4506, Request for Copy of Tax Return. Refer to the form for the processing time and fee.

08/27/2026

IRS reminder: Extension filers can use IRS Free File this summer
IR-2026-101, Aug. 26, 2026

WASHINGTON — The Internal Revenue Service today encouraged taxpayers who requested an extension to file their 2025 federal tax return as soon as possible, rather than waiting until the Oct. 15 deadline.

IRS Free File remains available through Oct. 15, 2026, and offers free guided tax preparation for taxpayers with an adjusted gross income of $89,000 or less in 2025. Taxpayers can prepare and e-file federal returns securely with IRS trusted partners at no cost. Taxpayers with income above the threshold can use Free File Fillable Forms if they are comfortable preparing their own tax returns.

Filing over the summer helps taxpayers avoid the fall rush and gives them more time to resolve issues or arrange payments, if needed. An extension gives taxpayers more time to file but not more time to pay. Taxpayers who owe tax should pay as much as they can as soon as possible to limit penalties and interest.

IRS Free File provides a secure, convenient way to file from home. The guided software includes step-by-step instructions and built-in error checks, and some trusted partners also offer free state tax return preparation and filing for eligible taxpayers.

Taxpayers who are due a refund can get their refund faster by filing electronically and choosing direct deposit.

08/21/2026

Treasury, IRS issue proposed regulations on eligible investments for Trump Accounts under the Working Families Tax Cuts

IR-2026-96, Aug. 20, 2026

WASHINGTON — The Department of the Treasury and the Internal Revenue Service today issued proposed regulations on eligible investments for Trump Accounts, a new type of traditional IRA under the Working Families Tax Cuts.

“These proposed regulations will provide clarity for trustees and beneficiaries of Trump Accounts, thus encouraging eligible participants to invest in low-fee mutual funds and ETFs that will grow on a tax-deferred basis potentially over their entire lives,” said IRS Chief Executive Officer Frank J. Bisignano. “Funds deposited in Trump Accounts enable American children to start investing now and enjoy years of compound earnings for their future college, retirement and other needs.”

Eligible investments for Trump Accounts
Funds in a Trump Account may only be invested in eligible investments during the growth period, which begins when the account beneficiary’s initial Trump Account is established and ends on Dec. 31 of the calendar year in which the account beneficiary turns age 17. After the growth period, the eligible investment restrictions no longer apply.

For Trump Accounts, an eligible investment generally is a mutual fund or exchange traded fund that tracks an equity index of primarily U.S. companies, such as the S&P 500 index, does not use leverage, and has annual fees and expenses of no more than 0.1 percent of the balance of the investment in the fund.

If an account beneficiary does not select an eligible investment offered by the trustee, funds in a Trump Account automatically will be invested during the growth period in an eligible investment selected by the trustee.

The proposed regulations provide rules for determining whether an investment is an eligible investment and procedures for a trustee to ensure that funds are invested in an eligible investment. These regulations generally would apply to tax years beginning on or after Jan. 1, 2026.

Request for comments
These proposed regulations take into account stakeholder comments regarding eligible investments that were made in response to Notice 2025-68, issued in December 2025.

Treasury and the IRS also now request additional comments from interested parties by Oct. 20, 2026. Complete instructions on submitting comments can be found in the proposed regulations.

Sign up for a Trump Account and the pilot program

Parents, guardians, and other authorized individuals, can use IRS Individual Online Account to complete Form 4547, Trump Account Election(s) to open a Trump Account for a child with a Social Security number if the election is made before the calendar year in which the child turns age 18. If that child is a U.S. citizen born in 2025 through 2028, the parent or other individual who qualifies to make the election can check a box on Form 4547 to elect a $1,000 pilot program contribution for the child’s Trump Account.

Visit trumpaccounts.gov for more information on Trump Accounts. For more information on the provisions of the new legislation, see Working Families Tax Cuts Provisions on IRS.gov.

08/20/2026

IRS launches digitally authenticated Tax Compliance Report
New report provides secure, on-demand access through IRS Individual Online Account
IR-2026-97, Aug. 20, 2026

WASHINGTON — The Internal Revenue Service today announced a digitally authenticated Tax Compliance Report available through IRS Individual Online Account.

Taxpayers can securely obtain and download the report when applying for a job, a loan, a government benefit, or another service that requires tax compliance information.

Financial institutions, government agencies, and other organizations that receive the report can use its built-in digital certificate to confirm its authenticity. The certificate also helps protect taxpayer information and maintains the integrity of the report.

“By providing a secure, digitally authenticated report, the IRS is making it easier for taxpayers to access and share important information while protecting privacy and data integrity,” said IRS Chief Executive Officer Frank J. Bisignano.

Key benefits
Authenticated and secure: Each Tax Compliance Report includes an IRS-issued digital certificate that confirms its authenticity.
Built-in verification: Verification features are embedded directly in the downloadable file.
On-demand access: Taxpayers can access and download their report at any time through their IRS Individual Online Account.
Standardized assurance: Each report includes the same authentication and verification features.
For more information, visit Tax Compliance Report on IRS.gov.