The Latest Breaking News from IRS

The Internal Revenue Service violated its own policies when it fired thousands of probationary employees earlier this year at the direction of the Trump administration, the Treasury Department's inspector general said in a report released last week.

Could the Social Security 90th anniversary be a good time to revisit old tax thresholds?

Solar shares rebounded this week after the U.S. Treasury and IRS issued new tax credit guidance that alters the way clean-energy projects qualify for subsidies. The rally was led by First Solar (NASDAQ:FSLR), which surged after the agencies eliminated the long-standing “5% safe harbor” rule on large-scale projects. Smaller systems…

Shares of First Solar Inc (NASDAQ:FSLR) are trading higher Monday afternoon and have posted gains over the past week, following new guidance from the Treasury Department and IRS concerning tax credits for clean energy projects. Here’s what investors need to know.

Peer-to-peer (P2P) money apps like Zelle, Venmo, and Cash App have revolutionized the way we exchange money. Splitting a dinner bill or paying a friend back for concert tickets is now as easy as tapping a few buttons on your phone. But this convenience comes with significant risks. These platforms…

Moving to a new home is an exciting milestone, but it’s also a major financial event with complex tax implications that most people overlook. While you’re focused on packing boxes and hiring movers, the IRS and state tax agencies are watching. Many common actions taken during a move can trigger…

Credit cards can be powerful financial tools when used wisely, offering rewards, convenience, and fraud protection. However, they can also be dangerous when swiped for the wrong purchases. Many people fall into the trap of using credit for items that quickly lead to high-interest debt and financial stress. Knowing which…

Few things create more anxiety than receiving unexpected mail from the IRS. Even if you are confident your tax return was accurate and submitted on time, certain notices can indicate potential problems. These letters often require a timely response and may involve additional documentation, payments, or explanations. Knowing the meaning…

Waiting for a refund can be more stressful than you expect. Whether it’s from the IRS, a retailer, or a service provider, scary refund delays can actually cost you money. Not only do you lose access to your cash, but you may also face missed opportunities or extra expenses. Many…