INCOME TAX NEWS
- Trump’s Tariffs Have Set Up a Trap for Mike Johnson and John Thune May 7, 2025Republican leaders face a problem: They have staked it all on passing the tax bill, but that bill makes it more difficult to criticize President Trump’s tariffs.
- Republicans Wrestle With Trump’s Demands for Tax Cuts May 2, 2025House Republicans are planning to include several of President Trump’s campaign promises in the first draft of the bill, which they hope to release soon.
- Some Online Scam Victims Can Now Seek Tax Relief on Firmer Ground April 17, 2025The Internal Revenue Service issued a memo last month that said victims of certain impersonation and investment schemes might be eligible for a tax break.
- How to File a Tax Extension and Other Last-Minute Tips April 14, 2025Despite the turmoil at the I.R.S., tax returns are still due on April 15. And, yes, there are still options for lowering last year’s taxable income.
- ‘Los aranceles son recortes fiscales’: el contradictorio plan económico de Trump y los republicanos April 6, 2025Los aranceles del presidente Trump están desbaratando el plan republicano para la economía, centrado durante mucho tiempo en la reducción de impuestos y el crecimiento.
- Republicans Like to Cut Taxes. With Tariffs, Trump Is Raising Them. April 5, 2025President Trump’s tariffs are scrambling the Republican plan for the economy, long centered on tax cuts and growth.
- What to Know About Trump’s Order to Phase Out Paper Checks April 4, 2025An executive order from President Trump will require government agencies to make electronic payments for tax refunds, Social Security and other benefits as of Sept. 30.
- How the Tax Bill Could Impact Your Wallet March 15, 2025Brackets may change. The standard deduction could fall. And President Trump will probably not remove taxes on Social Security income.
- He Was Once a Covert Taliban Operative. Now He’s the Friendly Taxman. March 9, 2025Abdul Qahar Ghorbandi, head of Afghanistan’s Taxpayers Services Directorate, has the hard job of raising money in an impoverished country hobbled by international sanctions.
- Scammers Stole Their Retirement Savings. Then the Tax Bill Arrived. March 8, 2025The victims pulled money out of their retirement accounts. The withdrawals had inflated their taxable income, even though the funds quickly disappeared.
IRS News
- The ERC Claim Period Has Closed — The IRS Must Now Prioritize Resolution, Communication, and Taxpayer Protections May 8, 2025The ERC Claim Period Has Closed — The IRS Must Now Prioritize Resolution, Communication, and Taxpayer Protections As of […] The post The ERC Claim Period Has Closed — The IRS Must Now Prioritize Resolution, Communication, and Taxpayer Protections appeared first on Taxpayer Advocate Service.
- Trust fund recovery program penalty abated, saving officer millions of dollars May 7, 2025Trust fund recovery program penalty abated, saving officer millions of dollars At the heart of our organization’s mission lies a […] The post Trust fund recovery program penalty abated, saving officer millions of dollars appeared first on Taxpayer Advocate Service.
- Celebrating National Small Business Week May 5, 2025Today, I want to take a quick break from my deep dive into the discussion draft of the Taxpayer Assistance […] The post Celebrating National Small Business Week appeared first on Taxpayer Advocate Service.
- Making Cents of the Educator Expense Deduction May 5, 2025Did you know that if you’re an eligible educator, you can deduct up to $300 of unreimbursed business expenses? And […] The post Making Cents of the Educator Expense Deduction appeared first on Taxpayer Advocate Service.
- TAS Act Would Improve Efficiency and Reduce Processing Delays for Taxpayers Requesting an Offer in Compromise May 1, 2025NTA Blog: TAS Act Would Improve Efficiency and Reduce Processing Delays for Taxpayers Requesting an Offer in Compromise (OIC) […] The post TAS Act Would Improve Efficiency and Reduce Processing Delays for Taxpayers Requesting an Offer in Compromise appeared first on Taxpayer Advocate Service.
- Small Business Filing and Recordkeeping Requirements April 29, 2025As a small business, you may have many different types of returns that are due, and many different types of […] The post Small Business Filing and Recordkeeping Requirements appeared first on Taxpayer Advocate Service.