IRS performed better than anticipated during tax season despite reducing its workforce, except in phone support, according to a watchdog.
IRS Performance in 2026 Tax Season WASHINGTON — The IRS managed to disburse refunds surprisingly well during the 2026 tax season, despite significant staffing reductions. However, national taxpayer advocates express concerns that many who sought assistance were left without adequate help. “Taxpayers in need of IRS support frequently struggled to get it,” noted Erin M. […]
Coca-Cola faces IRS in federal appeals court with $20 billion on the line
Coca-Cola and IRS in $20 Billion Court Dispute Coca-Cola is involved in a significant legal battle with the IRS, fighting over $20 billion due to a longstanding disagreement about how the company reports its profits domestically and internationally. The beverage giant has taken its case to the U.S. Court of Appeals in Miami, aiming to […]
Scott Bessent criticizes Democrat on IRS audit immunity: ‘Lacking facts, full of empty talk’
Contentious Exchange Between Treasury Secretary and Congresswoman Treasury Secretary Scott Bessent found himself in a tense confrontation with Democratic Rep. Linda Sanchez from California during a hearing in the House Ways and Means Committee. At the end of his remarks, Sanchez accused Bessent of being part of what she termed the corruption in the Trump […]
IRS Reveals 2027 Limits for HSA and HDHP
2027 HSA and HDHP Updates Announced The numbers for Health Savings Accounts (HSAs) and High Deductible Health Plans (HDHPs) for 2027 have finally been revealed. Employers have been anticipating this information, typically shared in early May. For 2027, the contribution limit for HSAs under self-only coverage will be $4,500, which is a 2.3% rise from […]
IRS introduces updated health savings account limits for 2027
The IRS has announced the contribution limits for Health Savings Accounts (HSAs) for 2027, which present a notable threefold tax benefit for participants. Starting in 2027, the contribution limit for individuals on self-only plans will rise to $4,500, up from $4,400 in 2026. For those with family coverage, the limit will increase from $8,750 to […]
Tennessee man claims he attempted to fix IRS mistake, then faced interest charges
IRS Sends Incorrect Tax Refund to Tennessean A man from Coopertown, Tennessee, encountered significant trouble when the IRS issued him a $20,000 tax refund by mistake. His attempts to return the funds led to a frustrating ordeal filled with delays and unexpected interest charges, ultimately culminating in a new tax refund this year. Wilson Perry […]
New agreement stops IRS from looking into Trump and his family’s previous tax matters.
IRS Unable to Pursue Claims Against Trump According to a recent update added to the Justice Department’s settlement with President Trump, the Internal Revenue Service cannot pursue any claims against him, his family, or his businesses related to previous tax issues. This was revealed on Tuesday as part of efforts to resolve a significant $10 […]
Trump withdraws IRS lawsuit to create $1.7 billion fund shielding Americans from government misuse.
Trump Drops Lawsuit Against IRS On Monday, former President Donald Trump withdrew his lawsuit against the Internal Revenue Service (IRS). This came after he reached a settlement requiring the Justice Department to establish a fund for victims of government law violations. Trump, along with his two eldest sons and the Trump Organization, had initiated a […]
Trump Withdraws $10 Billion IRS Lawsuit, DOJ Acknowledges Lawfare Compensation Fund
Trump Drops Lawsuit Against IRS, Establishes Compensation Fund President Donald Trump has decided to withdraw his $10 billion lawsuit against the Internal Revenue Service (IRS) and instead create a compensation fund for individuals he believes were unfairly targeted by the government’s actions, according to a recent court filing. The Justice Department confirmed the establishment of […]
Trump ends IRS lawsuit for an apology and a $1.776B fund for victims of government abuse, allowing even Hunter Biden to request compensation.
Trump Settles $10 Billion Lawsuit Against IRS In a surprising move, President Trump has settled a $10 billion lawsuit against the IRS, accepting an apology instead of cash, along with the creation of a $1.776 trillion fund designed to compensate those affected by federal weapon use. A senior official indicated that individuals who feel they […]