TAX NEWS
- Critical staff stayed on the job for this year’s tax season, but that won’t be the case in 2026, the Treasury Inspector General for Tax Administration said in a new report.
- The final regulations make minor clarifying changes to proposed regulations issued last year.
- The proposed regulations were withdrawn in response to comments that criticized the proposed guidance, according to the IRS.
- The IRS would use money from the Inflation Reduction Act to keep the agency’s over 74,000 employees working for the first five days of a potential government shutdown.
- The fee reduction comes as a result of a biennial review of PTIN fees.
- The IRS will phase out the use of paper checks for refunds beginning Sept. 30 and will publish detailed guidance later.
- In its list of high-cost and low-cost localities, the IRS kept per diem rates for travel, meals, and incidental expenses unchanged for the new annual period starting Oct. 1.
- The proposed regulations define “qualified tips” for purposes of the deduction and contain details on allowable forms of payment.
- In a letter to the IRS, the AICPA said the changes align with an executive order mandating that all federal tax payments and refunds be processed electronically.
- The final regulations are similar to the proposed regulations issued in January, with some changes that the IRS said were made in response to comments.
- The Justice Department provided little reassurance that ICE had any protections to prevent legal residents from getting raided due to inaccurate or outdated taxpayer information.
- Los Angeles County residents have less than two weeks to file their federal tax returns before the new Oct. 15 deadline. The Internal Revenue Service gave LA taxpayers an additional six months to …
- A new form with the Internal Revenue Service would allow taxpayers to claim deductions on cash tips they’ve earned throughout the year …
- Starting in 2025, the IRS requires direct deposit info on tax returns to improve efficiency, security, and fraud prevention.
- The IRS is expected to adjust 2026 tax brackets by 2.7%, raising income thresholds and preventing “bracket creep,” which could lower taxes for many Americans.
- The 2025 tax landscape has changed due to the GOP tax and spending law, referred to by some as the “big, beautiful bill,” signed by President Trump on July 4, 2025.This multibillion-dollar legislation …
- Lawmakers and the IRS have long grappled with how to offer free, online tax filing—and what the role of tax preparation software companies should be.
- During a government shutdown, live phone support and other in-person IRS services may be unavailable or have longer-than-normal wait times. For specific tax questions, TurboTax Live experts are …
- The Internal Revenue Service has announced that an executive order by President Donald Trump will change how folks will be getting their tax refund checks in the upcoming year. In a recently issued …
- According to a Tuesday IRS release, paper checks will be "phased out" starting Sept. 30 "to the extent permitted by law." …