IRS

Don’t Wait For Congress To Act, File When Ready

U.S.
Amanda Smith

The IRS kicked off tax season on Jan. 29, 2024, but taxpayers and tax professionals remain anxious about the elephant in the ...

Former IRS Contractor Will Go To Jail For Disclosing Trump’s Tax Returns

U.S.
Amanda Smith

A former IRS contractor has been sentenced to five years in prison for disclosing thousands of tax returns—including Donald Trump’s tax returns—without ...

IRS underpayment penalty soars to 8%

Business
Jessica Roberts

News By Jesse O’Neill Published Dec. 3, 2023, 2:08 p.m. ET The Internal Revenue Service penalty for tax underpayments has nearly tripled ...

IRS penalty for underpaying estimated taxes jumps to 8% of the shortfall from 3% two years ago

Business
Jessica Roberts

Fine for underpayment of estimated taxes have been risings with Fed’s rate hikes Penalty hit 8% as of October 1, up from ...

IRS Sets 2024 Tax Brackets with Inflation Adjustments

Trending
Sarah Wilson

Even though we’re still in the 2023 tax year, you’re probably thinking to yourself, Gosh! I wonder what the tax brackets are ...

The IRS just announced new tax brackets. Here’s how to see yours.

Business
Jessica Roberts

IRS adjusting tax brackets upwards by 5.4% in 0224 The IRS is introducing new income limits for its seven tax brackets, adjusting ...

House GOP unveils $14.3 billion Israel aid bill that would cut funding to IRS

U.S.
Amanda Smith

Washington — House Republicans want to pay for emergency aid to Israel by cutting funding to the IRS, teeing up a collision ...