INCOME TAX NEWS
- Tax Tips for Those Who Haven’t Filed Their 2024 Returns March 28, 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.
- 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.
- When It Comes to Tariffs, Trump Can’t Have It All February 28, 2025The president has promised big results, from raising revenue to reviving domestic manufacturing. But many of his goals undermine one another.
- What to Know About Filing Your Tax Return as the I.R.S. Sheds Workers February 27, 2025How to avoid delays, check the status of refunds and contact the Internal Revenue Service with problems.
- GOP Gambles on Budget Plan That Helps the Rich and Cuts Aid to the Poor February 27, 2025The House Republican budget plan would pair tax cuts that primarily benefit the rich with cuts to programs that help the poor.
- Trump Just Fired 6,700 I.R.S. Workers in the Middle of Tax Season. That’s a Huge Mistake. February 24, 2025The Trump administration’s decision to fire over 6,000 I.R.S. workers will make the government less effective and less efficient, not more.
- Did You Sell Concert Tickets or Clothes? You May Owe Taxes February 21, 2025If you received more than $5,000 for online sales of “goods or services” in 2024, you might get a Form 1099-K. Don’t ignore it, an expert says.
- Adams Went to Albany to Ask for Funding. He Ended Up in the Hot Seat. February 4, 2025Some lawmakers, including two who are facing the mayor in the June Democratic primary in New York City, challenged his credibility and accomplishments.
IRS News
- Final Reminders Before Tax Day April 1, 2025Have you moved since you filed your 2022 tax return? If so, make sure you update your address with the […] The post Final Reminders Before Tax Day appeared first on Taxpayer Advocate Service.
- The TAS Act Strikes a Reasonable Balance on Return Preparer Oversight April 1, 2025Introduction On January 30, 2025, Senators Mike Crapo, Chairman of the Senate Finance Committee, and Ron Wyden, the Committee’s ranking […] The post The TAS Act Strikes a Reasonable Balance on Return Preparer Oversight appeared first on Taxpayer Advocate Service.
- Need options for when you owe federal taxes, but can’t pay in full? March 28, 2025If you are unable to pay your taxes in full, the IRS has several options that you can consider based […] The post Need options for when you owe federal taxes, but can’t pay in full? appeared first on Taxpayer Advocate Service.
- The Draft TAS Act Would Unlock Low Income Taxpayer Clinics’ Potential March 27, 2025As March Madness basketball brackets dominate our screens, it’s hard not to think about the 68 teams involved in the […] The post The Draft TAS Act Would Unlock Low Income Taxpayer Clinics’ Potential appeared first on Taxpayer Advocate Service.
- TAS Helps Keep Business Operational March 25, 2025Success Story: TAS Helps Keep Business Operational At the heart of our organization’s mission lies a commitment to advocacy. Every […] The post TAS Helps Keep Business Operational appeared first on Taxpayer Advocate Service.
- What Taxpayers Should Do When Their Refund Is Stolen March 25, 2025Each filing season, tens of thousands of taxpayers experience the unfortunate circumstance of having their refunds stolen by bad actors. […] The post What Taxpayers Should Do When Their Refund Is Stolen appeared first on Taxpayer Advocate Service.