TAX NEWS
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- Once Dec. 31 passes, the 2026 tax year closes, and the window to use withholding as a backward-reaching credit shuts permanently, according to IRS Publication 505. Any remaining quarterly shortfall …
- Tax attorneys open Capitol Hill office to represent Front Range taxpayers facing IRS and Colorado Department of Revenue …
- Tax attorneys open downtown Richmond office to represent Central Virginia taxpayers facing IRS and Virginia Department …
- A seven-figure VOO balance looks like a retirement paycheck until you do the actual math on what it deposits each month and what the IRS collects every time you cover the shortfall.
- Any adjustment is meant to combat "bracket creep." …
- 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.
- He skipped depreciation for decades thinking it would lower his tax bill at sale, and the IRS has a brutal answer waiting for him. What the tax code does to landlords who never claimed a deduction …
- 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, …
- PENNSYLVANIA (WTAJ) — The Internal Revenue Service (IRS) has issued guidance extending tax relief for farmers and ranchers in 49 states who were forced to sell or exchange livestock because of drought …