Your Go-To Source for Tax & Financial News
Stay ahead with the latest updates, expert insights, and valuable tips on tax strategies, financial planning, and business growth.
December 28, 2025
IRS Letter 5071C asks taxpayers to verify their identity before refunds are issued. Learn why the notice is sent and how to complete verification quickly.
IRS identity verification notice letters are rising in 2025. Learn why the IRS flags returns, how identity verification works, and why refunds may be delayed.
The Internal Revenue Service urges taxpayers to schedule early appointments at Volunteer Income Tax Assistance sites for free tax preparation this season.
VITA tax assistance sites are reaching capacity during filing season as demand for free tax preparation rises among low- and moderate-income taxpayers.
Paper tax returns continue to decline as electronic filing expands, speeding IRS processing and tax refunds for millions of taxpayers each year.
IRS e-filing reached record levels in the 2025 filing season as most tax returns were submitted electronically, speeding refund processing and digital filing.
