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December 22, 2025
More than 6.5 million children have signed up for Trump Accounts. Published guidance does not say if a child's account can be levied for a parent's tax debt.
Can the IRS take money from a child's Trump Account for a parent's tax debt? Learn how ownership, nominee rules, and wrongful-levy claims apply.
The IRS has announced the Automatic Exemption from Penalty program. Learn how the 2026 transition works, who may qualify, and what taxpayers should do.
IRS suspended returns 2026: 14.2 million individual tax returns delayed, and only 31% of balance-due calls reached IRS staff this filing season.
New TIGTA audit finds several IRS taxpayer assistance centers gave incorrect tax advice in 28 of 61 assisted visits during the 2025 filing season.
South Carolina tax audits surged as SCDOR assessments doubled to $371.7M in FY 2025, new tax audit data shows. See the audit trends.
