TAX NEWS
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- A retiree buys a municipal bond specifically to dodge federal taxes, and it works perfectly on the interest. What he never expected was the bill that showed up somewhere else entirely.
- Her annuity check arrived every month like clockwork, so she assumed the IRS was satisfied. It turned out the tax code had a completely separate opinion about the rest of her IRA, and the bill arrived …
- Beginning in February 2025, DOGE slashed more than a quarter of the IRS’s 100,000-person workforce.
- Treasury and IRS proposed rules restricting tax refunds from four major credits for certain legally working immigrants, with a comment deadline of Oct. 5.
- The IRS is clear: the deduction is capped at what the employer reported, full stop. If you received a 1099 showing something labeled as overtime, that’s rare. The rules that cover employees under the …
- There will now be more online options for small business owners and other Business Tax Account users to make tax payments and view IRS notices, the IRS announced August 6. The agency said it has added …
- An aggressive IRS enforcement campaign has swept more than 1,100 syndicated conservation-easement disputes into audits and litigation.
- Many investors who hold cryptocurrency like bitcoin and ether have a difficult time figuring out how much tax to pay on transactions.
- A debate is brewing among tax practitioners regarding whether using AI to prepare tax returns should require a disclosure to clients.
- The IRS does not offer one “tax forgiveness” program — relief comes through options like Offer in Compromise, penalty abatement and hardship status. Qualifying depends on your financial situation, …