Audit triggers, enforcement actions, compliance requirements, reporting thresholds, IRS technology changes, and taxpayer rights.
Retirees who turn 73 and forget to pull money from a traditional IRA or 401(k) face a federal excise tax that claims one quarter of...
Millions of Americans hand over money to commercial tax software companies every filing season to prepare returns they could file for free. The IRS provides...
Taxpayers who owe the IRS more than they can pay in one lump sum now face a straightforward choice: set up a monthly installment plan...
Workers who never expected a tax break on their tips, from dishwashers splitting pooled gratuities to DJs collecting cash after a wedding set, now qualify...
Taxpayers who owe the IRS back taxes will see the cost of carrying that debt rise on July 1, 2026, when the agency’s underpayment interest...
Millions of taxpayers filing returns this year face a new procedural step that could mean the difference between receiving a refund in days or waiting...
Millions of individual taxpayers who file returns without valid bank account details will see their refunds temporarily frozen starting in the 2026 filing season. The...
Every year, refund fraud costs taxpayers time, money, and peace of mind when someone files a bogus federal return using a stolen Social Security number...
Taxpayers in 25 states who filed their federal returns for free through the IRS Direct File program will not have that option when the 2026...
If your federal tax refund is late, the IRS is paying you 8% annual interest on every day it keeps your money past a 45-day...
Every spring, a one-page tax form lands in the mailboxes of IRA holders across the country weeks after they have already filed their returns. Most...
Last filing season, thousands of Americans discovered they had been robbed before they even knew anything was wrong. They sat down to e-file their federal...
A 73-year-old retiree sitting on $500,000 in a traditional IRA owes roughly $18,900 in required minimum distributions this year. If that money doesn’t leave the...
Imagine making student loan payments for 20 years, watching your balance barely budge, and finally reaching the finish line where the federal government promises to...
Say you bought $14,000 worth of Bitcoin, sold it for $15,000, and owed tax on the $1,000 profit. Simple enough. Now imagine the IRS received...
The average federal tax refund last filing season topped $3,100. Starting with tax year 2026 returns, filed during the 2027 season, anyone who doesn’t have...
Sometime in February, a tax form you had never seen before likely showed up in your Coinbase, Kraken, or Gemini account. Form 1099-DA, the IRS’s...
This spring marks the first time cryptocurrency brokers are required to report your sales directly to the IRS. If you sold Bitcoin, Ethereum, Solana, or...
If you got your federal tax refund as a paper check last year, that’s almost certainly not going to happen again. Under Executive Order 14247,...
Millions of Americans paid IRS penalties during the COVID-19 pandemic, wrote off the loss, and never looked back. That may have been a costly mistake....