IRS | Franek Tax Services

Tax Pros Must Have a Written Information Security Plan to Protect Client Data

Aug 12, 2025 | IRS, security

IRS Security Summit Reminder The article, published by the IRS, highlights the importance of tax professionals maintaining a Written Information Security Plan (WISP) to safeguard client data from identity theft and breaches. This is part of the “Protect Your...

Did You Miss The IRS Tax Filing Deadline?

Jun 12, 2025 | IRS, tax penalties

The IRS offers resources for taxpayers who missed the April 2025 federal income tax filing deadline and owe taxes, interest, and penalties. If you’ve missed the IRS tax filing deadline, it’s important to act promptly to minimize any potential penalties and...

IRS Announces Stable Interest Rates for Third Quarter of 2025

May 13, 2025 | IRS

Washington — The Internal Revenue Service announced that interest rates for tax overpayments and underpayments will remain unchanged for the calendar quarter beginning July 1, 2025. For individual taxpayers, both the rate for overpayments (receiving a refund from the...

Protect Important Records

Apr 30, 2025 | disaster relief, IRS

You Never Know When A Disaster Might Occur Disaster preparation season kicks off soon with National Wildfire Awareness Month in May and National Hurricane Preparedness Week, May 4-10. Be Prepared The IRS emphasizes the importance of preparation. With 12 major disaster...

Over 1.1 Million Americans Risk Losing $1 Billion in Unclaimed 2021 Tax Refunds

Mar 17, 2025 | IRS

Unclaimed 2021 Tax Refunds April 15 Deadline Looms For 2021 Tax Refunds The Internal Revenue Service (IRS) has announced that over 1.1 million individuals nationwide are eligible for unclaimed tax refunds from the 2021 tax year, totaling more than $1 billion....

Tax Season Is Under Way

Feb 14, 2025 | IRS, tax season

With Tax Season Under Way – Use IRS Online Tools for Faster Help The IRS has announced that the 2025 tax filing season is underway and anticipates high call volumes around Presidents Day weekend. To avoid long hold times, taxpayers are encouraged to utilize the...