The IRS recently updated its Employee Plans Compliance Resolution System (EPCRS). Under Revenue Procedure 2026-34, effective Oct. 22, 2026, employers spons...
The spooky season is upon us, and the IRS is warning about tax credit “tricks.” In some cases, scammers promote nonexistent credits, such as a “Nativ...
Year end is a good time for businesses to review inventory that’s unlikely to sell. Donating excess goods to charity could free up space, support a worth...
The Federal Reserve maintained its benchmark interest rate on Oct. 28, keeping the federal funds rate target range at 3.75%–4% following September’s qu...
Some new retirees are surprised to learn their retirement income — for example, from Social Security and tax-deferred retirement plans — is taxed. With...
Sec. 530A accounts (also known as “Trump Accounts”) offer a new way to save for children’s futures — including through employer contributions. But ...
Under Revenue Procedure 2026-33, the IRS has established a new program to help IRA owners and custodians correct certain IRA errors. The IRA Compliance Res...
The U.S. Supreme Court has agreed to review an 1868 federal ban on distilling spirits at home. The tax connection? Challengers argue Congress exceeded its ...
If you’re one of the more than 50,000 taxpayers who claimed a prior-year carryforward of the adoption tax credit, you may receive a refund by the end o...
The IRS has finalized regulations allowing it to accept credit and debit card tax payments directly. Previously, it was prohibited from paying fees under...
