Tag: IRS

Key Takeaways:  Unreasonable shareholder compensation is one of the most common S Corp audit triggers; the IRS flags owners who ...

The government regularly increases everything from Social Security benefits to retirement account limits to help counteract inflation. The same goes ...

The IRS has announced some key changes to its income tax thresholds for 2026. The agency is making the changes ...

Taxpayers sometimes owe the IRS and cannot currently pay. It happens. When it happens, taxpayers often reach out to the ...

The IRS imposes penalties on taxpayers for various reasons, including failing to file a tax return on time, failing to ...

The Internal Revenue Service released next year's income tax brackets on Thursday, providing an early look at what Americans can ...

Each year, the IRS updates common tax provisions, such as income tax brackets and the standard deduction, to ensure the ...

If you filed an extension for your 2024 taxes, you might be worried about how the recent federal government shutdown ...

Check out our summary of significant Internal Revenue Service (IRS) guidance and relevant tax matters for September 19, 2025 – ...

Key Takeaways  The IRS learns about your income and assets through third-party reporting, including W-2s, 1099s, mortgage records, and brokerage ...