IRS

Treasury and IRS Announce 2025 Penalty Relief for New OBBB Reporting Rules
IRS

Treasury and IRS Announce 2025 Penalty Relief for New OBBB Reporting Rules

The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have released new guidance offering penalty relief for employers and other payors ...

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IRS Launches 2025 Nationwide Tax Forum Online with 15 New Seminars for Tax Professionals
IRS

IRS Launches 2025 Nationwide Tax Forum Online with 15 New Seminars for Tax Professionals

WASHINGTON — The Internal Revenue Service (IRS) has officially launched the 2025 Nationwide Tax Forum Online, offering tax professionals nationwide access to seminars recorded ...

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IRS Inflation Adjustment for 2026: New Tax Brackets and Deductions Explained
IRS

IRS Inflation Adjustment for 2026: New Tax Brackets and Deductions Explained

The U.S. Internal Revenue Service (IRS) has announced new inflation-adjusted federal income tax brackets for 2026, a move aimed at protecting taxpayers from “bracket ...

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Bigger Refunds Ahead: How Trump’s “One Big Beautiful Bill” Could Boost 2025 Tax Returns
IRS

Bigger Refunds Ahead: How Trump’s “One Big Beautiful Bill” Could Boost 2025 Tax Returns

Millions of Americans may see larger tax refunds when they file their 2025 returns, thanks to sweeping reforms under former President Donald Trump’s “One ...

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The End of Paper Checks: What the 2025 Federal Payment Transition Means for You
IRS

The End of Paper Checks: What the 2025 Federal Payment Transition Means for You

For generations, millions of Americans have relied on the reassuring sight of paper checks in their mailboxes—Social Security benefits, veterans’ payments, and IRS refunds ...

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Four Common Mistakes That Can Trigger an IRS Audit
IRS

Four Common Mistakes That Can Trigger an IRS Audit

When it comes to filing taxes, accuracy matters. A single overlooked figure or missing form can draw the attention of the Internal Revenue Service ...

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IRS Issues Updated 2026 Inflation Adjustments: Key Tax and Credit Changes You Should Know
IRS

IRS Issues Updated 2026 Inflation Adjustments: Key Tax and Credit Changes You Should Know

Earlier this month, the Internal Revenue Service (IRS) announced the annual inflation adjustments for 2026, including updated tax rate schedules, cost-of-living adjustments, and other ...

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IRS Updates Publications 1220 and 1187: What Financial Institutions Need to Know for 2025
IRS

IRS Updates Publications 1220 and 1187: What Financial Institutions Need to Know for 2025

The Internal Revenue Service (IRS) has released updated versions of Publication 1220 and Publication 1187, which outline the technical requirements for electronically filing information ...

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IRS–ICE Data Sharing MOU: What Employers Need to Know
IRS

IRS–ICE Data Sharing MOU: What Employers Need to Know

On April 7, 2025, the Internal Revenue Service (IRS) and U.S. Immigration and Customs Enforcement (ICE) entered into a Memorandum of Understanding (MOU) authorizing ...

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IRS Ends Paper Check Refunds: What Taxpayers Need to Know About the Shift to Digital Payments
IRS

IRS Ends Paper Check Refunds: What Taxpayers Need to Know About the Shift to Digital Payments

The days of waiting for a tax refund check in the mail are coming to an end. The Internal Revenue Service (IRS), in coordination ...

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