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WASHINGTON, D.C. — The Internal Revenue Service and Treasury Department have issued guidance exempting certain contributions to newly created Trump accounts from federal gift tax reporting requirements, a move aimed …
IRS Eases Gift Tax Reporting Rules for Contributions to Trump Accounts Read More
WASHINGTON, D.C. — The Internal Revenue Service successfully processed nearly 139 million individual tax returns and issued more than 90 million refunds during the 2026 filing season despite staffing reductions …
IRS Filing Season Runs Smoothly but Refund Delays Persist, Watchdog Says Read More
WASHINGTON, D.C. — An Internal Revenue Service advisory committee issued 18 recommendations aimed at modernizing tax administration, improving taxpayer services, and strengthening fraud prevention, including calls for Congress to simplify …
IRS Advisory Panel Urges Tax Simplification, Stable Funding Read More WASHINGTON, D.C. — Twenty-seven states have elected to participate in a new federal scholarship tax credit program created under the One Big Beautiful Bill Act, allowing eligible taxpayers to receive …
IRS Opens Scholarship Tax Credit Program in 27 States Read More
WASHINGTON, D.C. — The Internal Revenue Service is restructuring its decade-old Security Summit partnership to strengthen information sharing and expand coordination with payroll providers as identity thieves increasingly target taxpayer …
IRS Revamps Security Summit to Counter Evolving Tax Fraud Threats Read More WASHINGTON, D.C. — The Internal Revenue Service has released a new calculation tool for businesses and tax professionals handling long-term construction and manufacturing contracts, a move that could simplify compliance …
IRS Releases Calculator Aimed at Reducing Contract Tax Errors Read More WASHINGTON, D.C. — The Internal Revenue Service has added online enrollment and tracking capabilities for Trump Accounts, a new tax-advantaged savings vehicle created under the One, Big, Beautiful Bill, potentially …
IRS Adds Online Enrollment Tools for Trump Accounts Read More WASHINGTON, D.C. — Thousands of taxpayers involved in disputed conservation and historic preservation tax deductions could receive another opportunity to settle with the Internal Revenue Service under a new limited-time …
IRS Opens New Settlement Window in Easement Tax Cases Read More
Let’s say you dream of spending your retirement mornings on a warm beach, coffee in hand, waves rolling in. To get there, you had a simple plan: save $1 million …
Saving for Retirement: Are You Guessing or Planning? Read More WASHINGTON, D.C. — The Internal Revenue Service updated its Conservation Easement site to expand information on abusive conservation easement transactions, recent court rulings and warning signs tied to promoter-driven tax …
IRS Updates Conservation Easement Guidance, Warns Investors Read More