IRS & Taxes

Retail sales taxes are a major revenue source for most states, accounting for 32 percent of state taxA tax is a...

In response to the Strait of Hormuz crisis, Sens. Chuck Schumer (D-NY), Ron Wyden (D-OR), and Michael Bennet (D-CO) have...

In a recent piece for The Wall Street Journal, former White House Council of Economic Advisers chair Stephen Miran makes...

Over the July 4th weekend, the Honorable William Reynolds Archer Jr. passed away at the age of 98. Mr. Archer served in the...

Fireworks. Barbecue. Cold Beer. These are hallmarks of American Fourth of July celebrations. As Chicago and the rest of the...

Key Takeaways  The IRS generally has three years to audit a tax return, but the statute of limitations can extend to six...

Most people think a tax debt is a tax debt. You owe the money, the IRS collects it, and that...

As the United States, Mexico, and Canada approach the first formal review deadline for the US-Mexico-Canada Agreement (USMCA) this July,...

The Internal Revenue Service (IRS) has announced that interest rates will increase for the third quarter of 2026, beginning July...

If you got a letter from the IRS and are wondering how to respond to an IRS notice, there are...