TAX NEWS
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- Can taxpayers rely on TurboTax or AI for tax advice? New court cases raise questions about reasonable reliance, tax penalties and the future of tax compliance.
- The IRS is introducing an automatic penalty-relief program that could provide financial relief to eligible small businesses that miss certain tax deadlines despite a history of compliance, Forbes …
- The IRS workforce is down 27% from a year ago — and for the half-million Americans waiting on identity theft resolutions, that staffing collapse means refunds withheld for nearly two years.
- U.S. expats often assume coming forward means years of back taxes and penalties they can't pay off, or worse, tax evasion proceedings.
- The Internal Revenue Service is giving organizations more ways to view digital notices, make payments, and access and manage federal tax account info online.
- 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.
- A new bill seeks to undo some tax policy changes that are penalizing fraud victims by holding them responsible for paying taxes on the money they lost.
- 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, …
- Keep in mind that you will not see a refund date until the IRS finishes processing and approves your tax refund,” Lisa Greene-Lewis, certified public accountant and tax exper …