TAX NEWS
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- More than 60 million American children now have a tax-deferred retirement account that nobody in their family opened. On October 1, 2026, the Treasury Department announced that automatic enrollment …
- The U.S. Department of the Treasury and the IRS are drawing a clearer line between legitimate ETF seeding and tax-driven portfolio conversions, putting a spotlight on Section 351 strategies used by …
- A November Roth conversion drops a five-figure tax bill into your lap, but the IRS offers a penalty loophole that has nothing to do with how much you owe this year and everything to do with a single …
- A divorce decree can assign a tax debt to one spouse. The IRS is not a party to that decree and is not bound by it.
- A Trump administration proposal would require tax filers to certify their immigration status to the IRS, which critics argue could be used as a tool for immigration enforcement.
- The IRS made more than 4,000 hires this year, but its headcount remains mostly unchanged after cutting more than a quarter of its workforce last year.
- The Trump administration would require U.S. taxpayers to disclose their citizenship and work authorization status to the IRS as part of a proposed change to the annual tax form that nearly all workers …
- Top Democrats in the Florida House are demanding the Internal Revenue Service open an investigation into whether the Hope Florida Foundation and two social welfare organizations that received money …
- The credit does not exist under federal law. Taxpayers who claimed it can expect the return to be disallowed and the …
- More taxpayers have been applying for an "offer in compromise" since 2023, but the IRS has accepted far fewer requests. Tax experts are unsure why.