How a U.S. government shutdown could have impacted your benefits and services
The U.S. government faced the threat of a shutdown if Congress didn't pass a spending bill before Dec. 21, 2024. Here's a ...
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IRS to update retirement plans in 2025
The Internal Revenue Service (IRS) has introduced updates to how workers can save for retirement, following the passing of ...
Tax Breaks: The Tax World Is Topsy-Turvy Edition
IRS funding, beneficial ownership information (BOI) report update, 2025 standard mileage rates, tax filing deadlines, and ...
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IRS expands online accounts, provides enforcement update
The IRS announces expansion of online accounts, including the tax pro account, as part of the quarterly update to its strategic operating plan.
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IRS expands direct file and announces tax changes for 2025
The IRS is set to revolutionize the tax filing process in 2025 with expanded Direct File access and significant tax code ...
Democrats fear more IRS cuts in funding fight with GOP
The White House and congressional Democrats are fighting to protect $20 billion in funds for the IRS as the tax collection ...
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Taxbit Explains How IRS Update Streamlines Compliance for Digital Asset Brokers
Taxbit has recently noted that the International Revenue Service (IRS) has released an updated draft, but "likely final," ...
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What´s the IRS penalty if you don't pay taxes?
Becoming a permanent resident in the United States comes with a set of responsibilities, one of the most critical being the ...