Tax and IRS News

The 2026 tax year brings a mix of inflation-based adjustments and structural reforms that will affect how much many Americans owe or save when they file their returns in 2027. Driven largely by routine IRS indexing and major provisions from the One Big Beautiful […]

The Internal Revenue Service (IRS) has announced that interest rates will remain unchanged for the first quarter of 2026, beginning January 1. These rates, effective through March 31, 2026, are a key factor for both individual and corporate taxpayers in managing their […]

Tax scams are evolving fast, and cybercriminals have found new ways to exploit fear, urgency, and trust. One of the latest threats making the rounds involves fake IRS emails with the subject line “Notification of IRS Audit & Investigation.” These emails look […]

The IRS will enforce new reporting thresholds for 1099-K forms starting in 2025 under the One Big Beautiful Bill Act (OBBBA). The changes will impact gig workers, freelancers, and small business owners, particularly those operating in the gig economy or e-commerce. Understanding […]

In one of the largest Treasury check fraud cases to emerge from Massachusetts, federal authorities have charged eight individuals with allegedly stealing $8.8 million in tax refunds that belonged to legitimate taxpayers. The scheme unfolded across Eastern Massachusetts in 2023 and 2024, […]

Estimated tax payments play a critical role in helping taxpayers meet their annual tax obligations. For many individuals, including the self-employed, retirees, and investors, these quarterly payments are the primary way to stay compliant with tax requirements. With 2025 Q3 payment deadline […]

The IRS has announced its interest rates for the final quarter of 2025, with no changes from the previous quarter. These rates, effective from October 1 through December 31, 2025, play an essential role in how both individuals and businesses manage their […]

With 2025 on the horizon, taxpayers are beginning to plan for how they will file their returns. The IRS updates tax brackets and standard deductions annually to account for inflation and legislative changes. This will affect how much individuals and families owe. […]

The IRS has announced its interest rates for the third quarter of 2025, with no changes from the previous quarter. These rates, effective from July 1 through September 30, 2025, play an essential role in how both individuals and businesses manage their […]

The IRS plays a critical role in maintaining the U.S. tax system, collecting trillions of dollars in revenue and enforcing tax laws. In recent years, the agency has gone through significant changes. After a period of revitalization under the Biden administration, the […]