News
What's happening — and what it means for your wallet. Updated daily.
What's happening — and what it means for your wallet. Updated daily.
The Internal Revenue Service (IRS) has recently issued a reminder emphasizing the availability and ease of its Direct Pay service for taxpay…
A recent Wall Street Journal report highlights a growing awareness among families regarding the substantial amount of money that can be gift…
In a twist of financial fortune, a recent report from 24/7 Wall St. details a remarkable scenario where a family's act of generosity led to …
Recent federal charges against seven individuals, including a Port St. The accusations suggest a significant attempt to exploit the tax syst…
Recent reports highlight a growing concern among taxpayers regarding the speed of their tax refunds, with fears that IRS staffing reductions…
The discussion surrounding a potential federal film tax credit has recently re-emerged, capturing the attention of various stakeholders acro…
In a development impacting tax proceedings, a motion seeking a more definite statement has been denied. This means that parties involved in …
Navigating the complexities of tax law can feel daunting, but understanding fundamental rules is crucial for every taxpayer. A recent report…
While traditional mail has long been a reliable method for communication, the complexities of tax deadlines and the IRS's processing times m…
A recent report from AL.com, citing an important IRS notice, highlights an impending deadline that will affect millions of taxpayers. While …
A recent report highlights a frustrating situation for a Buckeye couple, who are still awaiting their tax refund months after filing. This s…
Taxpayers are seeking clarity following a recent announcement from the IRS regarding proposed rules for the foreign tax credit (FTC). These …
A common question for many business owners revolves around the potential tax savings offered by electing S corporation status. This structur…
As businesses in the insurance sector cast their gaze towards 2026, a spectrum of critical questions is emerging, particularly concerning th…
Taxpayers seeking to reduce their liabilities should approach any new tax savings opportunities with a healthy dose of skepticism, especiall…
The landscape of federal taxation is shifting as we approach the 2026 tax year. Reports regarding the so-called “One Big Beautiful Bill” sug…
While celebrity tax stories often focus on the drama of the debt itself, the real narrative for the average taxpayer involves the long-term …
The recent headlines surrounding Todd Blanche’s proposed immunity deal for Donald Trump highlight a common confusion in the world of tax res…
The recent resignation of Police Chief Shon Barnes has drawn significant attention, with reports citing an IRS tax lien, frequent absences, …
The Internal Revenue Service is accelerating its transition to digital operations, aiming to reduce reliance on traditional paper filings. H…
The landscape of digital asset trading is shifting, and recent warnings from leadership at the CME Group highlight a critical, often-overloo…
Recent reports regarding State Representative Vincent Dixie have brought the issue of long-term federal tax debt into the public eye. This s…