IRS Identity Theft Backlog Leaves Taxpayers Waiting Nearly 20 Months for Resolution, Watchdog Report Reveals
By Financial News Desk For victims of tax-related identity theft, the financial fallout is often compounded by a grueling, bureaucratic...
Personal Tax Planning
Treasury and IRS Issue Proposed Rules to Implement New Federal Education Freedom Tax Credit
WASHINGTON — In a major development for American philanthropy and school choice, the U.S. Department of the Treasury and the...
Senate Unanimously Passes Taxpayer Assistance and Service Act, Paving the Way for Historic IRS Modernization
WASHINGTON — In a rare display of total legislative consensus, the United States Senate on Wednesday unanimously approved the Taxpayer...
IRS Issues Notice 2026-49: A New Standard for Retirement Plan and IRA Rollovers Under SECURE 2.0
WASHINGTON — In a move designed to modernize, secure, and streamline the movement of retirement assets across the American financial...
IRS Overhauls Conservation Easement Dispute Strategy, Scraps Uniform Settlements, and Establishes Specialized Office
WASHINGTON — In a major strategic shift designed to address one of the most litigious areas of federal tax administration,...
Treasury and IRS Issue Landmark Regulations to Automatically Enroll Millions of Children in Trump Accounts
WASHINGTON — In a sweeping regulatory move expected to dramatically reshape the financial landscape for America’s youth, the U.S. Department...
IRS Proposes Strict Investment Guardrails for ‘Trump Accounts,’ Focusing on Low-Fee Index Funds and Long-Term Growth
WASHINGTON — In a major regulatory step that will shape the financial futures of millions of American children, the Internal...
IRS Unlocks Billions in Stalled High-Income Nonfiler Cases Following Watchdog Intervention
WASHINGTON — In the wake of a scathing federal watchdog report, the Internal Revenue Service (IRS) has advanced nearly 39,000...
Staggering U.S. GAO Report Reveals Federal Tax Fraud Siphons Up to $304 Billion Annually; Sparks Clash with IRS
By Financial News Desk In what marks a watershed moment for federal financial oversight, the U.S. Government Accountability Office (GAO)...
AICPA Applauds Passage of Bipartisan Disaster Tax Relief Legislation While Continuing the Push for Permanent Congressional Solutions
WASHINGTON — The American Institute of CPAs (AICPA) has thrown its full support behind critical federal disaster relief legislation that...
IRS Unveils Digitally Authenticated Tax Compliance Report to Streamline Verification and Combat Fraud
WASHINGTON — In a major modernization push aimed at streamlining administrative processes and bolstering digital security, the Internal Revenue Service...
IRS Cybersecurity Program Labeled Ineffective for Second Consecutive Year, Watchdog Warns
By Martha Waggoner | Enriched News Report Main Facts For the second consecutive year, federal watchdogs have issued a severe...
