The Toll of Tax Identity Theft: Inside the IRS’s Years-Long Backlog and Mounting Financial Fallout
By Martha Waggoner | Special to Tax & Financial Reporting The title of a newly released federal watchdog report says...
Personal Tax Planning
Senate Unanimously Passes Landmark Taxpayer Assistance and Service Act, Paving the Way for Comprehensive IRS Modernization
WASHINGTON — In a rare display of sweeping bipartisanship, the United States Senate has unanimously approved the Taxpayer Assistance and...
Treasury and IRS Issue Proposed Regulations for the New Federal Education Freedom Tax Credit Under Sec. 25F
WASHINGTON — In a major development for educational philanthropy and school choice advocates, the U.S. Department of the Treasury and...
IRS Proposes Strict Investment Guardrails for ‘Trump Accounts,’ Limiting Growth-Phase Holdings to Low-Fee U.S. Equity Funds
WASHINGTON — In a major regulatory step that will shape the financial futures of millions of American children, the Internal...
Treasury and IRS Issue Landmark Regulations to Automatically Enroll 73 Million Children in Trump Accounts
WASHINGTON — In a sweeping regulatory move poised to reshape the financial landscape for America’s youth, the U.S. Department of...
IRS Advances Nearly 39,000 Stalled High-Income Nonfiler Cases Following Watchdog Audit
By Financial News Desk Executive Summary: The Catalyst and Core Findings In a sweeping revelation that underscores the complexities and...
Staggering U.S. Government Accountability Office Report Reveals Annual Tax Fraud Losses Exceed $300 Billion
By Financial News Desk In a landmark assessment that underscores systemic vulnerabilities within the nation’s tax collection apparatus, a first-of-its-kind...
AICPA Applauds Congressional Passage of the Doug LaMalfa Federal Disaster Tax Relief Certainty Act, Urging Long-Term Permanency for Taxpayers
By Financial and Tax Policy News Desk Published: November 2025 Main Facts The American Institute of CPAs (AICPA)—the world’s largest...
IRS Unveils Digitally Authenticated Tax Compliance Report to Streamline Verification and Combat Fraud
WASHINGTON — In a major step toward modernizing government interactions and bolstering digital security, the Internal Revenue Service (IRS) has...
Internal Revenue Service Cybersecurity Deficiencies Put Sensitive Taxpayer Data at Risk, Federal Watchdog Warns
By Martha Waggoner | Enriched & Expanded Coverage Main Facts For the second consecutive year, federal watchdogs have issued a...
Out With IRS2Go, In With ‘IRS’: A Comprehensive Look at the Agency’s Major Mobile App Overhaul
By Financial News Desk After a remarkably successful 15-year run, the Internal Revenue Service is retiring its legacy mobile application,...
AICPA Pressures IRS to Modernize and Automate Taxpayer Name and Address Updates to Curb Compliance Delays and Costs
WASHINGTON — In a decisive push toward sweeping administrative modernization, the Association of International Certified Professional Accountants (AICPA) has formally...
