IRS Simplifies Penalty Relief

IRS Introduces Automatic Process for Eligible Taxpayers The IRS announced a new automatic process to provide penalty relief for taxpayers with a history of filing and paying on time, reducing the need for them to request assistance. The new Automatic Exemption from...

IRS and Security Summit Partners Announce New Framework

Better Protect Taxpayers The IRS and Security Summit partners announced a restructuring of the public-private partnership designed to strengthen protections and enhance information sharing across the tax system. The change supports ongoing efforts to safeguard...

IRS Resources for Small Businesses

Helpful Resources The IRS announced a series of resources to support small businesses during National Small Business Week. For over 60 years, the U.S. Small Business Administration has recognized National Small Business Week to honor the critical role small businesses...

IRS List of Occupations Customarily Receiving Tips

Treasury, IRS Issues Final Regulations The Department of the Treasury and the IRS issued final regulations on the “No Tax on Tips” provision. The One, Big, Beautiful Bill final regulations provide the list of occupations that receive tips and define “qualified tips”...

IRS $1.2 Billion in Refunds for Tax Year 2022

Time is Running Out to Claim Refunds From 2022 – April 15th is the Deadline The IRS announced that over 1.3 million people across the nation have unclaimed refunds for tax year 2022 and face an April 15 deadline to submit their tax returns. The IRS estimates...