Taxes February 6, 2026
IRS Issues Proposed Rules on Clean Fuel Tax Credit
The Treasury Department and the IRS released proposed regulations Feb. 3 on the clean fuel production credit under the One Big Beautiful Bill Act.
Taxes February 21, 2025
The IRS Can Reduce Your Tax Refund if You Owe Certain Debts
A program authorized through the Department of Treasury’s Bureau of the Fiscal Service allows for the reduction of your refund to pay down specific debts.
Taxes February 21, 2025
2025 IRS Tax Refund Schedule: IRS Layoffs Could Cause Delays in Refunds
This article includes an easy reference chart that taxpayers can use to estimate how soon they may get their income tax refund.
IRS February 20, 2025
IRS Workers in Syracuse Abruptly Fired: ‘There’s a Lot of Crying, and It’s Not Good’
The IRS abruptly fired up to 10 employees in its Syracuse, NY office Thursday, part of a group of almost 7,000 agency workers let go by the Trump administration during tax season.
IRS February 20, 2025
Trump Administration Fires 6,700 IRS Employees During Tax Season
The purge largely targeted newer “probationary” employees who have fewer protections than long-term workers.
IRS February 20, 2025
IRS Plans to Cut Thousands of Employees by Mail
A technical glitch prevented officials from notifying thousands of IRS employees via email that they were being terminated. The agency had to resort to paper.
Taxes February 20, 2025
DOGE Claims It’s Saved $55 Billion, But Data Shows Far Less
The federal cost-cutting effort dubbed the Department of Government Efficiency says it has saved $55 billion in federal spending so far, but its website only accounts for $16.6 billion of that.
Taxes February 20, 2025
Tips for Filing Income Tax Returns in 2025
To avoid mistakes and potential processing delays, taxpayers should refrain from filing until they have received all necessary tax documents. Taxpayers should always carefully review documents for inaccuracies or missing information.
Taxes February 20, 2025
Congress Considers Tax Relief for Los Angeles Fire Victims
No one can say with certainty but lawmakers are hopeful that the partisan bickering that's dominated Washington debate will subside on the disaster tax relief issue.
IRS February 19, 2025
IRS Workers in Kansas City Brace for Mass Layoff
National Treasury Employees Union Chapter 66 president Shannon Ellis said the union had been informed by IRS leadership that as many as 1,000 probationary employees would be let go this week.
Taxes February 19, 2025
Should You Report Cryptocurrency on FATCA Form 8938?
As it has become a more common asset among your average investors, these folks have had many questions about the tax implications of investing in cryptocurrency, or virtual currency, as it is also known. The answers can be somewhat complicated.
Taxes February 19, 2025
Nevada Lawmaker Trying Again to Kill Federal Excise Tax on Sports Bets
The quarter percent federal excise tax, also known as the handle tax, "does nothing except penalize legal gaming operators for creating thousands of jobs," said U.S. Rep. Dina Titus, D-Las Vegas.
IRS February 18, 2025
Bessent: DOGE Effort Has Saved Estimated $50 Billion Thus Far
Treasury Secretary Scott Bessent said Americans “don’t have to be concerned about any of this,” referring to attempts by the DOGE team to access a broad range of taxpayer data, including on individuals.