IRS News

IRS Announces Higher Retirement Contribution Limits for 2026

The Internal Revenue Service (IRS) has announced significant increases in retirement savings limits for the 2026 tax year, primarily driven… Read More

2 weeks ago

New Tax Breaks on Tips and Overtime for 2025: IRS and Treasury Issue Guidance

The Department of the Treasury and the Internal Revenue Service (IRS) have issued Notice 2025-69 to clarify new tax deductions… Read More

3 weeks ago

Effective Tax Rates: A Critical Look at a New Study

Despite claims that the wealthy pay lower effective tax rates (ETRs) than other Americans, a new analysis of a recent… Read More

3 months ago

IRS Form 8832: How to Change Your Business’s Tax Classification

In the world of IRS paperwork, Form 8832 is small but mighty. This two-page form decides how your business will… Read More

3 months ago

IRS Watchdog Finds Agency Fired Thousands of Employees Without Following Policies

The IRS terminated thousands of probationary employees early this year without following its own performance review policies, a Treasury watchdog… Read More

4 months ago

Senior Tax Relief: Comparing a New Deduction to Eliminating Social Security Taxation

Washington, D.C. – As the "One, Big, Beautiful" (OBBB) reconciliation bills move through Congress, lawmakers are proposing a new additional… Read More

5 months ago

Senate Eases SALT Cap Impact for Pass-Through Businesses: What You Need to Know

A recent move by the Senate is set to provide significant relief for pass-through businesses navigating the State and Local… Read More

6 months ago

Georgia’s Homestead Tax Exemption: Local Opt-Outs Create a Complex Divide

Georgia's recent voter-approved Local Option Homestead Property Tax Exemption Amendment, designed to limit property tax assessment increases, has encountered significant… Read More

8 months ago

South Carolina’s Flat Tax Ambition: Opportunity and a Pitfall for Low-Income Earners

South Carolina lawmakers are rightly pursuing tax reform to enhance the state's economic appeal and benefit its residents. A unified… Read More

8 months ago

IRS Proposes New Rules for Tax Professionals

The Treasury Department and the Internal Revenue Service (IRS) have issued proposed regulations to modernize the rules governing tax professionals.… Read More

12 months ago
Click to schedule a consultation now!