No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, October 23, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home IRS & Taxes

IRS roundup: July 12 – July 29, 2025

by TheAdviserMagazine
2 months ago
in IRS & Taxes
Reading Time: 3 mins read
A A
IRS roundup: July 12 – July 29, 2025
Share on FacebookShare on TwitterShare on LInkedIn


Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for July 12, 2025 – July 29, 2025.

IRS guidance 

July 15, 2025: The IRS issued Revenue Ruling 2025-14, providing prescribed rates for federal income tax purposes for August 2025, including but not limited to:

Short-, mid-, and long-term applicable federal rates for August 2025 for purposes of Internal Revenue Code (Code) Section 1274(d).

Short-, mid-, and long-term adjusted applicable federal rates for August 2025 for purposes of Code Section 1288(b).

The adjusted federal long-term rate and the long-term tax-exempt rate, as described in Code Section 382(f).

The appropriate percentages for determining the low-income housing credit described in Section 42(b)(1) for buildings placed in service during the current month.

The federal rate for determining the present value of an annuity, an interest for life, a term of years, a remainder, or a reversionary interest for purposes of Code Section 7520.

July 15, 2025: The IRS issued Notice 2025-39, providing guidance on the corporate bond monthly yield curve, corresponding spot segment rates under Code Section 417(e)(3), and the 24-month average segment rates under Code Section 430(h)(2). The notice also provides guidance on the interest rate for 30-year Treasury securities under Code Section 417(e)(3)(A)(ii)(II) (for plan years in effect before 2008) and the 30-year Treasury weighted average rate under Code Section 431(c)(6)(E)(ii)(I).

July 16, 2025: The IRS issued Revenue Ruling 2025-15, clarifying certain withholding and reporting requirements with respect to uncashed retirement plan distribution checks. The IRS held that no adjustment or refund is available under Sections 6413 and 6414 with respect to amounts withheld and remitted when more than the correct amount of tax was not withheld or paid.

July 16, 2025: The IRS issued Notice 2025-40, providing updated static mortality tables for defined benefit pension plans under Code Section 430(h)(3)(A) and Section 303(h)(3)(A) of the Employee Retirement Income Security Act of 1974 (ERISA). These updated static mortality tables apply for purposes of calculating the funding target and other items for valuation dates occurring during the 2026 calendar year.

The notice also includes a modified unisex version of the mortality tables for determining the minimum present value under ERISA Sections 417(e)(3) and 205(g)(3) for distributions with annuity starting dates that occur during stability periods beginning in the 2026 calendar year. 

July 21, 2025: The IRS issued Notice 2025-36, identifying and making obsolete 83 Internal Revenue Bulletin guidance documents. The notice cites Executive Order 14192, Unleashing Prosperity Through Deregulation, which directed agencies to identify regulations to be repealed and other guidance that are appropriate for withdrawal. The 83 obsolete regulations span multiple contexts and Code sections.

July 21, 2025: The IRS issued Notice 2025-37, which includes the inflation adjustment factors and applicable amounts for calendar year 2025 for the zero-emission nuclear power production credit under Code Section 45U. It also includes the adjustment factors for the clean hydrogen production credit under Section 45V and the clean fuel production credit under Section 45Z.

For Section 45U, the inflation adjustment factor for calendar year 2025 is 1.0242.
For Section 45V, the inflation adjustment factor for calendar year 2025 is 1.0611.
For Section 45Z, the inflation adjustment factor for calendar year 2025 is 1.0611.

July 22, 2025: The IRS issued Revenue Procedure 2025-26, with indexing adjustments for the applicable dollar amounts under Sections 4980H(c)(1) and (b)(1). These indexed amounts are used to calculate the employer shared responsibility payments under Sections 4980H(a) and (b)(1). The US Department of Health and Human Services published the premium adjustment percentage for 2026 back in June.

July 23, 2025: The IRS issued guidance to improve the Large Business & International Examination Process. The guidance is intended to reduce case cycle times for corporate taxpayers, making examinations more consistent and efficient. The memo specifically provides guidance on:

Phasing out the Acknowledgement of Facts Information Document Request process in examinations by 2026.
Clarifying that Accelerated Issue Resolution applies to large corporate cases.
Improving the Fast Track Settlement (FTS) process to require further internal reviews and approvals before a taxpayer’s FTS request is denied.

July 29, 2025: The IRS issued Notice 2025-28, providing interim guidance to reduce compliance burdens and costs associated with applying the corporate alternative minimum tax (CAMT) to partnerships and CAMT entity partners. The US Department of the Treasury and the IRS also announced their intention to partially withdraw the CAMT proposed regulations and issue revised proposed regulations. The proposed regulations will include rules similar to the interim guidance provided in Sections 3 to 7 of Notice 2025-28 as it relates to the application of Sections 56A(c)(2)(D) and 56A(c)(15)(B).

The IRS also released its weekly list of written determinations (e.g., Private Letter Rulings, Technical Advice Memorandums, and Chief Counsel Advice).



Source link

Tags: IRSJulyRoundup
ShareTweetShare
Previous Post

Historical Income Tax Rates and Brackets, 1862-2025

Next Post

Can You Transfer Property to a Grandchild Without Legal Risk?

Related Posts

edit post
2025 Spanish Regional Tax Competitiveness Index

2025 Spanish Regional Tax Competitiveness Index

by TheAdviserMagazine
October 23, 2025
0

Below is an excerpt of the 2025 Spanish Regional TaxA tax is a mandatory payment or charge collected by local,...

edit post
7 Organizational Tips to Make Tax Filing Easy

7 Organizational Tips to Make Tax Filing Easy

by TheAdviserMagazine
October 22, 2025
0

There are often two types of tax filers: Those who neatly file their tax information and receipts away in color-coded...

edit post
Ashley Carroll: The ROI of Relationships

Ashley Carroll: The ROI of Relationships

by TheAdviserMagazine
October 22, 2025
0

In this episode of the Canopy Practice Success Podcast, host KC Brothers talks with Ashley Carroll, founder of Operations House,...

edit post
The Tax Season Switch That Changed Everything

The Tax Season Switch That Changed Everything

by TheAdviserMagazine
October 22, 2025
0

  Profile For 46 years, Financial Solution Advisors has thrived as a boutique firm in Jacksonville, Florida, built on deep...

edit post
Why most tax departments aren’t using AI yet

Why most tax departments aren’t using AI yet

by TheAdviserMagazine
October 22, 2025
0

  Highlights:  The adoption paradox — While 67% of corporate tax departments aren’t using GenAI yet, 57% implementing new technologies plan...

edit post
Why under-resourced tax departments face more penalty risks

Why under-resourced tax departments face more penalty risks

by TheAdviserMagazine
October 22, 2025
0

  Highlights:  Under-resourced corporate tax departments are 50% more likely to incur penalties due to a reactive workflow, which also...

Next Post
edit post
Can You Transfer Property to a Grandchild Without Legal Risk?

Can You Transfer Property to a Grandchild Without Legal Risk?

edit post
10 Habits for Happy and Healthy Aging, According to Science

10 Habits for Happy and Healthy Aging, According to Science

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Goldman aims for ‘PE returns’ with new ETF

Goldman aims for ‘PE returns’ with new ETF

0
edit post
INTC Earnings: Intel swings to profit in Q3 FY25; revenue up 3%

INTC Earnings: Intel swings to profit in Q3 FY25; revenue up 3%

0
edit post
Former BLS chief warns Powell is “flying blind” at a pivotal time for the Fed

Former BLS chief warns Powell is “flying blind” at a pivotal time for the Fed

0
edit post
From Hedge to Test Case: Gold’s Volatility and the Limits of Safety

From Hedge to Test Case: Gold’s Volatility and the Limits of Safety

0
edit post
The Myth of Planned Obsolescence

The Myth of Planned Obsolescence

0
edit post
Kraken Posts Record Revenue in Q3 Amid Expansion, IPO Buzz

Kraken Posts Record Revenue in Q3 Amid Expansion, IPO Buzz

0
edit post
Goldman aims for ‘PE returns’ with new ETF

Goldman aims for ‘PE returns’ with new ETF

October 23, 2025
edit post
How advisors are using AI without explicit SEC guidance

How advisors are using AI without explicit SEC guidance

October 23, 2025
edit post
Kraken Posts Record Revenue in Q3 Amid Expansion, IPO Buzz

Kraken Posts Record Revenue in Q3 Amid Expansion, IPO Buzz

October 23, 2025
edit post
How Some Retirees Are Finding Happiness Again After Age 60

How Some Retirees Are Finding Happiness Again After Age 60

October 23, 2025
edit post
INTC Earnings: Intel swings to profit in Q3 FY25; revenue up 3%

INTC Earnings: Intel swings to profit in Q3 FY25; revenue up 3%

October 23, 2025
edit post
Chicken Fried Rice ( Family Dinner Idea)

Chicken Fried Rice ($10 Family Dinner Idea)

October 23, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Goldman aims for ‘PE returns’ with new ETF
  • How advisors are using AI without explicit SEC guidance
  • Kraken Posts Record Revenue in Q3 Amid Expansion, IPO Buzz
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.