Taxes February 21, 2025
The IRS Can Reduce Your Tax Refund if You Owe Certain Debts
A program authorized through the Department of Treasury’s Bureau of the Fiscal Service allows for the reduction of your refund to pay down specific debts.
February 21, 2025
The Tax Blotter – Feb. 2025
The Tax Blotter is a round-up of recent tax news briefs and tax court rulings.
Taxes February 21, 2025
2025 IRS Tax Refund Schedule: IRS Layoffs Could Cause Delays in Refunds
This article includes an easy reference chart that taxpayers can use to estimate how soon they may get their income tax refund.
Taxes February 20, 2025
Tips for Filing Income Tax Returns in 2025
To avoid mistakes and potential processing delays, taxpayers should refrain from filing until they have received all necessary tax documents. Taxpayers should always carefully review documents for inaccuracies or missing information.
Taxes February 20, 2025
Congress Considers Tax Relief for Los Angeles Fire Victims
No one can say with certainty but lawmakers are hopeful that the partisan bickering that's dominated Washington debate will subside on the disaster tax relief issue.
Taxes February 19, 2025
Should You Report Cryptocurrency on FATCA Form 8938?
As it has become a more common asset among your average investors, these folks have had many questions about the tax implications of investing in cryptocurrency, or virtual currency, as it is also known. The answers can be somewhat complicated.
Taxes February 19, 2025
Nevada Lawmaker Trying Again to Kill Federal Excise Tax on Sports Bets
The quarter percent federal excise tax, also known as the handle tax, "does nothing except penalize legal gaming operators for creating thousands of jobs," said U.S. Rep. Dina Titus, D-Las Vegas.
Taxes February 18, 2025
Should You Use Your Tax Refund to Pay Off Debt?
A refund has the potential to make a serious dent. The average refund amount in 2024 was $3,138, according to the IRS. But is paying down debt the best way to spend that money?
Taxes February 18, 2025
Are Married Couples Considered Partners in LLCs?
You live together, you work together, you may even have children together. But does being partners in life automatically make you partners in business?
Taxes February 17, 2025
Trump Cabinet Member Blames Democrats for IRS Audit
Secretary of Defense Pete Hegseth accused former President Joe Biden’s administration of rushing an IRS audit into him in a post to social media platform X on Monday.
Accounting February 17, 2025
Voting Is Closed for 2025 Readers’ Choice Awards
Voting in the 2025 Readers’ Choice Awards is now open. Each year, readers get the opportunity to show their support for the programs, hardware, services, and other technologies they use and trust.
IRS February 17, 2025
IRS Sets Stage for Musk Adviser to Access Taxpayer Data
The IRS is poised to hand over unlimited access to taxpayer data to an adviser from Elon Musk’s government efficiency group, according to a draft agreement between the tax agency and the Office of Personnel Management.