Issue Number:  2026-25

Inside This Issue

1. Upcoming IRS webinar: Understanding Trump Accounts

2. IRS Nationwide Tax Forum selling out quickly

3. ETAAC issues annual report

4. Final Saturday hours at Taxpayer Assistance Centers on June 27

5. Did you know? Updated IRS reference materials

6. Technical guidance

1.  Upcoming IRS webinar: Understanding Trump Accounts

The IRS Stakeholder Liaison organization is hosting an in-depth webinar on Trump Accounts, a new tax-advantaged savings opportunity created under the Working Families Tax Cut provisions of the One, Big, Beautiful Bill Act. Tax professionals can join this free webinar to receive continuing education credits:

Topic: Understanding Trump Accounts

Date: July 1, 2026

Time: 2:30 p.m. Eastern, 1:30 p.m. Central, 12:30 p.m. Mountain, 11:30 a.m. Arizona and Pacific, 10:30 a.m. Alaska, 8:30 a.m. Hawaii

Duration: 120 minutes including Q&A

CE credits: Two (2) Federal Tax Law Update CE credits

Learn how to:

• Explain what a Trump Account is and who is eligible;

• Describe how and when to open a Trump Account;

• Explain the Pilot Program for $1,000 contributions;

• Identify the other four contribution types;

• Explain growth period rules and eligible investments; and

• Understand rollover and distribution rules.

Questions? Email cl.sl.web.conference.team@irs.gov

This webinar offers closed captioning.

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2.  IRS Nationwide Tax Forum selling out quickly

Registration has now sold out for the IRS Nationwide Tax Forum in Chicago and New York. Tax professionals interested in attending the Forum in New Orleans or the other two cities should register soon before registration sells out for those locations.

Tax professionals who attend the Forum learn the latest tax law developments, earn continuing education credits, discover new technologies, and exchange ideas with industry peers. The New Orleans page on IRStaxforum.com explains what tax professionals can do at the Forum and what else is offered around the city.

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3.  ETAAC issues annual report

The Internal Revenue Service Electronic Tax Administration Advisory Committee (ETAAC) released its 2026 annual report with recommendations for the IRS and Congress.

The committee’s recommendations to the IRS focus on six priority areas:

• Technology and data sharing

• Sustained IRS funding

• AI and human-centered design

• Digital filing and payments

• Tax simplification and outreach

• Fraud prevention and preparer regulation

For more information, visit irs.gov/etaac.

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4.  Final Saturday hours at Taxpayer Assistance Centers on June 27

Select Taxpayer Assistance Centers will be open this Saturday, June 27, for the final Saturday service event of 2026.

Participating TACs will be open from 9 a.m. to 4 p.m. to provide in-person assistance on a range of tax-related issues. Clients should visit IRS.gov/saturdayhours before going to an office to confirm participating locations, available services, and appointment times.

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5.  Did you know? Updated IRS reference materials

Tax professionals often refer to IRS publications and other resources for guidance. They may keep printed or downloaded materials on hand. But, since the IRS often updates these resources, tax professionals should make sure they’re using the latest versions.

Using the most current reference materials will ensure the tax professional calls the right IRS number, mails information to the correct IRS address, and has resources that include the latest tax laws.

Here are some IRS resources tax professionals should check frequently:

• Forms, instructions, and publications

• Notices and letters

• Frequently asked questions

• IRS guidance

Tax professionals should also remember that they can now complete many tasks more easily using IRS online tools.

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6.  Technical guidance

Notice 2026-40 announces the Department of the Treasury and the IRS intend to issue proposed regulations regarding qualified opportunity zones (QOZs) under Sections 1400Z-1 and 1400Z-2 of the Internal Revenue Code, as amended by Section 70421 of the One, Big, Beautiful Bill Act OBBBA. It will include transitional guidance related to qualifying investments under Sections 1400Z-1 and 1400Z-2, as in effect prior to amendment by Section 70421 of the OBBBA. The IRS anticipates forthcoming proposed regulations to include proposed rules similar to the rules provided in sections 3 through 5 of this notice.

Note: Notice 2026-40 will be in Internal Revenue Bulletin 2026-28, dated July 6, 2026.

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