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 processing capacity pressures are rising ahead of the 2026 filing season, with TIGTA and GAO citing backlogs, staffing losses, and inventory carryover.
Mid-year estimated taxes require a June review, as income changes, quarterly deadlines, and IRS rules determine whether taxpayers face penalties or interest.
IRS staffing changes in Midwest states may affect Illinois service access, paper return processing, and enforcement activity this filing season.
The IRS is scrutinizing buying vs. leasing a vehicle deduction claims. Learn which mistakes trigger notices and how business owners can avoid audits.
IRS staffing constraints, workforce reductions, and hiring freeze data show how phone wait times and manual reviews may affect New York taxpayers in 2025.
S Corporation vs. LLC tax savings can increase at higher income levels in 2026, depending on payroll, IRS rules, and business structure choices.
