TAX NEWS
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- The Internal Revenue Service doesn't adequately track its use of bridge contracts, a type of noncompetitive contract, even though it's spending billions on information technology through such …
- A buried IRS rule lets you move depressed shares into a Roth without selling, locking in a lower tax bill before the rebound arrives. But one irreversible mistake can leave you paying taxes on a value …
- The Internal Revenue Service attracted nearly 13,000 attendees to its Nationwide Tax Forums, which wrapped up last week in San Diego.
- The Internal Revenue Service is warning taxpayers, businesses, tribal communities and tax professionals about promoters selling supposed federal tax credits that the agency says don’t exist. The …
- The IRS in a March 2025 strategy report referred to software tools that it no longer uses and to roles that were eliminated in a reorganization, its inspector general said.
- A foreign‑gift penalty case reveals how IRS and DOJ can collide, exposing taxpayers even after a refund. The Fuentes dispute highlights a deep flaw in tax administration.
- Taxpayers may have to state whether they’re legally in the US if a draft of a common annual tax form floated by the IRS gets adopted for the next filing season.
- A routine checkbox on a Roth conversion form quietly triggered a tax penalty on money she never touched, never spent, and never intended to withdraw. Most savers checking that same box have no idea …
- Overpaying taxes through the year can bring an unwanted refund, but underpaying them could bring penalties.
- Promoters may also urge taxpayers who previously claimed these fake credits to challenge the IRS during an audit. A federal tax return claiming a nonexistent Tribal Tax Credit contains a false claim, …