The IRS now has an online tool with a series of questions for individuals and business owners who may need temporary relief from paying the IRS, or may need a payment plan. The tool is easy to use and will provide all available options to taxpayers. For more...
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Month: April 2026
More than a Tip on Non-Taxable Tips
The IRS issued final regulations today identifying the type of workers who receive tips that may deduct those tips from income, under the One, Big, Beautiful Bill. The tips must be qualified by meeting certain requirements, including that they be made voluntarily by...
Four Million Children Enroll for Tax-Favored Trump Accounts
Thanks to President Trump and the One, Big, Beautiful Bill, four million children born after January 1, 2025, have signed up to receive a tax-favored account of $1,000. Beginning July 4, 2026, the parents, relatives, friends, philanthropic organizations and others...
The IRS is Tightening its Belt
The IRS may be saving hundreds of millions of dollars by cancelling certain contracts, although the effect on service to taxpayers is not yet known. In early 2025, the IRS reviewed more than 3,000 contracts and identified 334 contracts to cancel, with a potential...
