IRS
Get the latest news and insights on the Internal Revenue Services' tax laws, enforcement actions and related activities.
7 Tax Developments to Watch For
By John ManganaroThe outlook for 2026 and beyond remains uncertain as the tax bill debate rages on.
June 06, 2025
Debate: Does Auto Loan Interest Warrant a Tax Deduction?The Trump administration has proposed an above-the-line deduction of up to $10,000 per year.
May 27, 2025
Taxes Due June 16 for Taxpayers Living AbroadThe deadline applies to both U.S. citizens and resident aliens, including those with dual citizenship.
May 27, 2025
This Obscure White House Office Helps Shape Tax RegulationsThe Office of Information and Regulatory Affairs estimates how government policies might affect you and your clients.
May 14, 2025
House Tax Bill Extends Crucial Deductions for Business-Owning ClientsThe bill reinstates 100% bonus depreciation and increases the break on qualified business income.
May 06, 2025
UBS Will Pay $511M to End Credit Suisse U.S. Tax ProbeA bank unit pleaded guilty to conspiring to help clients hide over $4 billion from the IRS.
May 05, 2025
IRS Lost 31% of Tax Auditors in DOGE Downsizing, Watchdog FindsThe departures are likely to hamper the agency’s ability to go after tax cheats.
May 05, 2025
Ed Slott: IRS Just Made QCD Reporting Easier, but Questions RemainClients can now get 1099s for their qualified charitable distributions. Still, advisors must ensure clients follow the rules.