TAX NEWS
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- Many taxpayers assume the amount they owe determines how the IRS will collect from them. In reality, one of the biggest factors is something else entirely: their ability to pay. That determination …
- Quick ReadConverting a traditional IRA to a Roth during your 60s eliminates RMDs at 73, letting you control withdrawals instead of the IRS.The 12% bracket tops at $100,800 for joint filers, giving …
- The US Internal Revenue Service (IRS) has added new features to its online Business Tax Account (BTA) platform, expanding digital self-service options for business taxpayers.
- An aggressive IRS enforcement campaign has swept more than 1,100 syndicated conservation-easement disputes into audits and litigation.
- The IRS's overall improper payment rate on refundable tax breaks increased from 21.9% in fiscal year 2024 to 26.5% in FY 2025 and totaled about $28.1 billion.
- If your tax refund or balance due was bigger than expected, there’s still time to adjust paycheck withholdings for 2026. Typically, workers request changes via Form W-4, and there's an IRS tax …
- 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, …
- The IRS will always first contact you by U.S. mail, not by phone or text message. Scammers may pose as tax officials to steal your money or personal information. The IRS will not demand payment via …
- The Internal Revenue Service manual is used by both agency employees and private tax practitioners. Some sections removed relate to DEI, which President Trump has ordered scrubbed. But others appear …
- It generally takes about 21 days after filing your return electronically to receive your refund, and it can take six to eight weeks to receive it if you file a paper return. Paper returns take much …