Taxes August 24, 2026
IRS Keeps Interest Rates Steady for Q4 2026
Interest rates for tax underpayments and overpayments will stay the same for the fourth calendar quarter of 2026, which begins on Oct. 1, the IRS said on Friday.
Taxes November 14, 2023
TIGTA: IRS’s Decision to Destroy 30 Million Paper Returns Was ‘Reasonable’
The agency's actions, which were reported by TIGTA in May 2022, drew scrutiny from lawmakers and tax professionals.
Taxes November 9, 2023
2024 IRS Tax Brackets, Standard Deductions
While the actual percentages will remain the same, the income levels of each bracket change annually to adjust to inflation.
Taxes November 9, 2023
IRS Advisory Council Issues Report with Recommendations on Agency Changes
The 2023 Public Report includes recommendations on 23 issues covering a broad range of topics including: Sec. 302, EINs, 1099-K reporting, Employee Plans, Modernizing Forms.
Taxes November 7, 2023
Yellen Sets Goals for 2024 Filing Season, Calls Out House GOP for ‘Playing Politics with IRS Funding’
Treasury secretary says cutting IRS funding to pay for Republicans’ $14.3 billion Israel aid bill would be “damaging and irresponsible.”
Taxes November 2, 2023
House Passes Israel Aid Bill Tied to IRS Cuts
House Republicans passed a $14.3 billion Israel aid package Thursday, triggering a clash with Democrats over tax law enforcement.
IRS November 1, 2023
Biden Would Veto House GOP’s Israel Aid Bill That Cuts IRS Funds, White House Warns
The legislation, championed by new House Speaker Mike Johnson, has already run into stiff bipartisan opposition from the Senate.
IRS October 31, 2023
House Republicans’ $14.3B Israel Aid Bill Would Impact the IRS
Stand-alone measure seeks to offset Israel support by clawing back $14.3 billion in IRS funding from the Inflation Reduction Act.
IRS October 30, 2023
IRS OKs E-Signatures to Be Used on a Slew of Forms Indefinitely
The agency said Monday it will continue to allow alternatives to handwritten signatures to be accepted for certain tax documents.
IRS October 30, 2023
IRS Boosts Hiring for Taxpayer Assistance Centers
The agency has increased staffing at its TACs by 31% during FY 2023 thanks to funding from the Inflation Reduction Act.
Taxes October 25, 2023
IRS Starts Business Tax Accounts
The business tax accounts are part of a continuing effort to improve IRS taxpayer services and make the agency more tech-friendly.
Taxes October 25, 2023
IRS Has Collected $160 Million in Back Taxes From Millionaires This Year
The agency said it recently recovered $122 million from 100 wealthy earners, in addition to $38 million collected earlier this year.
IRS October 24, 2023
IRS Opens PTIN Renewal Season for 2024
The fee to renew or obtain a PTIN for 2024 is $19.75, down from $30.75 in 2023. Failure to have a valid PTIN may result in penalties.