The maximum credit for families with two children will increase to $7,316, up from $7,152 in 2025. Those with one child can ...

IRS opens PTIN renewal for 800,000 tax pros—those who miss the deadline face penalties, delays, and possible disciplinary ...

The U.S. Senate passed a bill that will simplify the way the IRS sends math or clerical error notices to taxpayers regarding ...

Tax professionals must renew their Preparer Tax Identification Numbers to remain compliant and avoid penalties.

As crypto investors face market volatility and tax pressure, the IRS Hardship Program offers temporary relief from collections and penalties.

The agency is urging taxpayers to know their banking details. Critics have called the transition to all digital payments ...

Transitional guidance released by the IRS on Oct. 21 gives auto lenders room for avoiding penalties when it comes to ...

Each year, millions of taxpayers find themselves unable to pay what they owe to the Internal Revenue Service (IRS). But when you owe back taxes to the IRS, the initial balance isn't the only issue.

The US Internal Revenue Service (IRS) has announced that the annual gift tax exclusion will remain at $19,000 per recipient in 2026, the same as ...

The relief allows farmers who had to sell livestock earlier than planned to defer taxes on capital gains from those sales or ...

Enforcement activity and Tax Court cases are at a standstill, and practitioners should expect backlogs and slowdowns.