The Latest Breaking News from IRS

Every taxpayer worries about making a mistake that could attract unwanted attention from the IRS. While most tax returns are processed without issue, certain patterns, numbers, and claims raise what the IRS calls “compliance indicators”—more commonly known as IRS red flags. These warning signs can trigger closer scrutiny or even…

In this week's Ask the Editor Q&A, Joy Taylor answers more questions about the use of qualified charitable distributions (QCDs) in end-of-year tax planning.

Your IRA is meant to be a powerful tool for your retirement, but making the wrong move with withdrawals can cost you big time. Too many people dip into their IRA without realizing the penalties that can eat away at their savings. The rules around early withdrawals, taxes, and required…

Across the United States, more people are choosing to remain child-free—and that decision may come with unexpected financial consequences. While the IRS doesn’t explicitly penalize those who opt out of parenthood, the tax code heavily rewards families with dependents through credits and deductions. For child-free couples, that can feel like…

The administration is seeking to ‘weaken the involvement of IRS lawyers in criminal investigations,’ according to a report

The Trump administration is reportedly gearing up to broaden the scope of Internal Revenue Service (IRS) investigations, potentially targeting left-leaning groups and major Democratic donors.

Taxes don’t get simpler after retirement—they just change shape. Between pensions, Social Security, part-time income, and required withdrawals, even small missteps can create major headaches....

"No Tax on Overtime" In Action: Will your 2025 tax return deliver a big boost? See if the beautiful bill act gives you an overtime pay tax break!

Every year, millions of taxpayers lose money they didn’t realize they were entitled to—often because of overlooked tax credits hiding in plain sight. Even seasoned accountants can miss opportunities when clients’ financial situations are complex or slightly outside the norm. The truth is, tax law changes frequently, and some credits…