IRS May 20, 2025
Trump IRS Nominee Billy Long Grilled Over Ties to Fraudulent Tax Credits
The former Missouri lawmaker acted as a pitchman for tax credits that didn’t exist, Senate Finance Committee Democrats said.
Technology May 20, 2025
IRIS Software Group Announces Strategic Investment in AI-Powered Tax Management Platform, Instead
The company is now rapidly expanding its reach, actively securing authorization across all U.S. states and major U.S. cities to offer truly nationwide filing.
Taxes May 16, 2025
Tax Court Delivers Bad News to Tardy Taxpayer
In a new case, an office mix-up authorizing the wrong FedEx service resulted in a missed tax deadline. The Tax Court addressed whether the “equitable tolling” doctrine grants the taxpayer a reprieve.
Taxes May 15, 2025
IRS: Applications for TCE and VITA Grants Accepted Through May 31
The Tax Counseling for the Elderly and Volunteer Income Tax Assistance grants allow eligible organizations to apply for annual funding to provide free federal tax return preparation assistance for up to three years.
IRS May 14, 2025
IRS Criminal Investigators in Chicago Are Being ‘Deputized’ as Immigration Enforcers
The Trump administration’s refocusing of federal resources on immigration has landed at the Chicago office of IRS-CI, where agents are now being prepared for unprecedented special assignments to help track down undocumented immigrants.
Taxes May 14, 2025
Leave Charitable Property Gift Appraisals to the Pros
Generally, you can deduct the fair market value (FMV) of appreciated property donated to charity if you’ve owned the property longer than a year.
Taxes May 12, 2025
IRS: No Change to Tax Interest Rates for Q3 of 2025
For individuals, the rate for overpayments and underpayments will be 7% per year, compounded daily, the IRS said on May 12.
Taxes May 12, 2025
IRS Opens 2026 Low-Income Taxpayer Clinic Grant Application Period
Under Internal Revenue Code Section 7526, the IRS awards matching grants to qualifying organizations to develop, expand, or maintain an LITC. Eligible organizations may request up to $200,000 for the 2026 grant year.
Taxes May 9, 2025
IRS Issues New Warning For Taxpayers to Avoid Losing Money, Personal Data
Even if you filed your tax return for the year, the IRS warned this week that taxpayers should remain on alert for some common scams to avoid losing money and personal data.
Taxes May 9, 2025
Poll: Trump Says Harvard Shouldn’t be Tax-Exempt, But Do Voters Agree?
According to a new Economist/YouGov poll of 1,850 U.S. adults, Americans are divided over whether Harvard’s tax-exempt status should be changed.
IRS May 9, 2025
Man Who Made False Gun Threat at Kansas City IRS Campus Gets Prison Sentence
Anthony Alford, 46, of Kansas City, who was accused of making a false gun threat that set off an active shooter lockdown at the Kansas City IRS campus last year, has been sentenced to three years in prison.
Taxes May 7, 2025
IRS and Federal Government Will Stop Accepting Paper Checks as Payments
In addition to halting issuing of paper checks, the government will no longer accept paper checks as payment.