TAX NEWS
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- Millions of Americans could qualify for IRS refunds on COVID-era penalties if they paid late fees between Jan. 20, 2020, and July 10, 2023.
- WASHINGTON (AP) — Tens of millions of taxpayers who were penalized by the IRS during the coronavirus pandemic for failing to pay their taxes or filing late may qualify for a refund or termination of …
- The Internal Revenue Service plans to offer settlements in syndicated conservation easement cases, but only for a limited time, as it unveils an updated website.
- The IRS has finalized 2026 tax year adjustments under the One Big Beautiful Bill, cementing higher standard deductions, inflation-adjusted tax brackets, and expanded credits. New deductions target …
- Recently, a federal court ruled that the government should not have assessed penalties for late filings or charged interest on late payments.
- Taxpayers need to apply for a refund or abatement of their tax liability by July 10 to preserve their claim while the case is still being litigated.
- The IRS has confirmed 2026 payroll tax rates and new deductions under the One Big Beautiful Bill Act, including overtime and tip income write‑offs, higher Social Security wage bases, and revised tax …
- Freedom Debt Relief reports tax debt relief phone call scams are prevalent, but legitimate options like the IRS offer in compromise exist for those in need.
- What to know about the correspondence – and what to do about it.
- IRS warns taxpayers to be wary of calculators or websites that guarantee a big payday or an unusually large, unexpected refund. Meanwhile, as of March 27, the IRS issued more than 62.9 million in tax …