IRS Releases Guidance for Tax Deductions on Tips and Overtime

Workers who received tips or overtime will be able to deduct this compensation when filing their 2025 income taxes. The Internal Revenue Service (IRS) has released guidance on its “no…

Read More

Federal Charges Filed in Alleged $90M Employment Tax Scheme

Prosecutors say an Orange County staffing network withheld payroll taxes and used the funds for personal gain. Federal authorities have charged the owner of a Southern California staffing…

Read More

IRS Raises Retirement Contribution Limits for 2026

Limits have been increased by $500 and more for various savings plans. The Internal Revenue Service (IRS) announced increased limits for 401(k) and Individual Retirement Account (IRA) plans…

Read More

Court Halts Tax Debt Relief Scheme that Impersonated Federal Agencies

FTC action targets operators accused of misleading consumers with false government claims. A federal court has temporarily stopped the operations of American Tax Service (ATS) and several affiliated…

Read More

Treasury Secretary Announces SSA Commissioner as CEO of IRS

Secretary Bessent said Commissioner Bisignano is “a businessman with an exceptional track record of driving growth and efficiency in the private and now public sector.” U.S. Treasury Secretary…

Read More

Billy Long, Commissioner, Internal Revenue Service

Billy Long, Commissioner, Internal Revenue Service

Read More

IRS Says Pastors Endorsing Political Candidates Should Not Lose Tax-Exempt Status

The agency filed a supporting brief with Christian broadcasters requesting a Johnson Amendment override. The Internal Revenue Service (IRS) submitted a court filing last week with the National…

Read More

Judge Temporarily Blocks President’s Order Ending Collective Bargaining

Treasury Department also sues federal workers union to end collective bargaining for IRS employees. District Judge Paul Friedman temporarily blocked the implementation of President Donald Trump’s executive order…

Read More

IRS Considers President’s Request to End Harvard’s Tax Exempt Status

President Trump maintains that the nonprofit designation does not apply to the indoctrination occurring at universities. The Internal Revenue Service (IRS) is considering the revocation of the tax-exempt…

Read More

IRS Official Steps Down Over DOGE Access to Information

DOGE officials to create a tech bridge that allows software systems to cross-reference data. Acting Internal Revenue Service (IRS) Commissioner Melanie Krause stepped down this week citing the…

Read More
Back to top
FE3