IRS

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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Fact Check: The Truth About the Rumored $2,000 “Tariff Stimulus Checks”
IRS

Fact Check: The Truth About the Rumored $2,000 “Tariff Stimulus Checks”

Rumors have swept across social media claiming the IRS is sending out new “tariff stimulus checks” worth $2,000 to Americans in October 2025. The ...

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Estate Tax Exemption Rises Again for 2026—Here’s What It Means for You
IRS

Estate Tax Exemption Rises Again for 2026—Here’s What It Means for You

The federal estate tax exemption will rise once again in 2026, offering significant relief for many wealthy Americans. The increase comes as part of ...

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IRS Files $8 Million Federal Tax Lien Against Senator Jim Justice
IRS

IRS Files $8 Million Federal Tax Lien Against Senator Jim Justice

The Internal Revenue Service (IRS) has filed federal tax lien notices against Republican Senator Jim Justice of West Virginia and his wife, Cathy Justice. ...

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IRS Reduces PTIN User Fee for Tax Professionals Beginning October 2025
IRS

IRS Reduces PTIN User Fee for Tax Professionals Beginning October 2025

WASHINGTON — The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have announced new interim final regulations and a notice of ...

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IRS to Furlough 34,000 Workers Amid Government Shutdown: What It Means for Taxpayers
IRS

IRS to Furlough 34,000 Workers Amid Government Shutdown: What It Means for Taxpayers

The Internal Revenue Service (IRS) announced that it will furlough nearly half of its workforce—around 34,000 employees—as the ongoing government shutdown continues to disrupt ...

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IRS Announces 2026 Inflation Adjustments Under the One, Big, Beautiful Bill
IRS

IRS Announces 2026 Inflation Adjustments Under the One, Big, Beautiful Bill

WASHINGTON — The Internal Revenue Service (IRS) today announced the tax year 2026 inflation adjustments for more than 60 tax provisions, including tax rate ...

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IRS Appeals Launches Pilot Program to Strengthen Post Appeals Mediation
IRS

IRS Appeals Launches Pilot Program to Strengthen Post Appeals Mediation

WASHINGTON — The IRS Independent Office of Appeals has announced the launch of a two-year pilot program aimed at enhancing Post Appeals Mediation (PAM). ...

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