IRS Issues Major Tax Deadline Reminder for Millions

Millions of Americans who were granted tax filing extensions have until 11:59 p.m. on Wednesday to file their returns.

IRS issues major penalty relief

Beginning January 1, 2026, remittance transfer providers will be required to collect a 1 percent remittance transfer tax.
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IRS Quietly Changes The Rule On How Your Children’s Inheritance Will Be Taxed

The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable ...

IRS makes historic change to how it handles tax returns: What’s next

This marks the first step of the broader transition to electronic payments,” the IRS said in a statement. “The IRS will ...
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IRS Issues Major Penalty Relief for Remittance Transfer Providers

In a recent announcement, the Internal Revenue Service (IRS) disclosed important details regarding its approach to the new ...
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Tax filing extension for LA County residents impacted by wildfires ends Oct. 15

A tax filing extension was set to end Wednesday for Los Angeles County residents impacted by the devastating January ...

Shutdown Creates Havoc for IRS Enforcement, Revenue Collection, Tax Lawyers Say

It’s going to take years before the IRS gets to its pre-2025 levels of efficiency, if at all,” said Phil Karter, a shareholder at Chamberlain, Hrdlicka, White, Williams & Aughtry.
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IRS Issues Memorandum Stating That Taxpayers Who Were Scammed Out Of Their Money Online Could Be Eligible To Claim A Theft Loss Deduction

Cases of online scams have been rising in recent years. While existing laws and IRS guidance suggest that victims can take a theft loss deduction on their income tax returns, it can get murky when ...