Taxes November 5, 2026
IRS Adjusts Tax Brackets, Standard Deduction for Tax Year 2027
The IRS has released the tax year 2027 annual inflation adjustments for nearly 70 tax provisions.
Taxes July 30, 2024
More than 1,000 IRS Employees Were Delinquent or Noncompliant on Their 2023 Income Taxes
Between October 1, 2021, and April 1, 2023, the IRS closed 1,175 cases with disciplinary actions, for 1,068 current employees, with confirmed tax noncompliance issues.
Taxes July 26, 2024
New Jersey Joins IRS Direct File For 2025 Filing Season
Direct File will now be a permanent option for taxpayers in states that choose to participate, and New Jersey said it's in.
Taxes July 25, 2024
IRS Boasts New and Improved Online Tools and Digital Services For Taxpayers
The agency provided an update July 25 on its Strategic Operating Plan, which sets out several priorities for the IRS to accomplish.
IRS July 25, 2024
IRS Chief Not Too Worried About Fallout From Loper Bright Ruling
Danny Werfel said he's "fairly optimistic" the Supreme Court ruling won't deter future efforts to provide better taxpayer services.
Taxes July 24, 2024
IRS Releases Initial Guidance on Carbon Sequestration Tax Credit
Notice 2024-60, issued by the IRS on July 24, details how taxpayers can claim the credit for the sequestration of carbon oxide.
Taxes July 24, 2024
Texans Get Tax Relief From the IRS After Hurricane Beryl
Individual and business taxpayers in 67 counties now have until Feb. 3, 2025, to file their returns and make tax payments.
Taxes July 23, 2024
Opinion: Some of Trump’s Tax Cuts Worked, But at What Cost?
Donald Trump’s 2017 Tax Cuts and Jobs Act was the biggest corporate tax cut in U.S. history. But how has it affected the economy?
Taxes July 22, 2024
Supreme Court Rules Against Popular Tax Exempt Business Transfers
The decision in Connelly v. United States last month impacts certain types of smaller businesses, in particular closely held companies.
Taxes July 22, 2024
Ex-Trump CFO Allen Weisselberg Released Early From Rikers
Weisselberg, who was sentenced to five months in jail earlier this year after pleading guilty to perjury, was freed for good behavior.
Taxes July 17, 2024
IRS Adds Extra Security Measures to Access FATCA Site
As of July 14, taxpayers must sign in or register with either Login.gov or ID.me to access the FATCA registration system.
Taxes July 15, 2024
IRS Warns on Social Media Tax Credit Scam
The agency has seen an influx of claims for the non-existent "self-employment tax credit," which is being promoted on social media.
Taxes July 12, 2024
IRS Warns Car Dealers and Sellers About Phishing Scams
A recent ransomware attack that impacted car dealerships prompted the IRS to alert vehicle dealers and sellers about these schemes.