Significant IRS Updates Expected for Business Tax Audits in 2025
IRS Announces Changes to Corporate Tax Audits The Internal Revenue Service (IRS) has unveiled new guidance aimed at significantly reducing the time corporate taxpayers spend during audits. This initiative, revealed on Friday, is intended to make the audit experience more collaborative and efficient. The updated interim guidance will be in effect from 2025 through 2026, […]
Her husband skipped out on $82,000 in taxes, and now the IRS intends to seize their home. She’s divorcing him, yet still wants to help him.
Montana Woman’s Tax Troubles Reveal Marital Issues A woman from Montana shared her experience on the “Ramsey Show,” expressing her shock and frustration after discovering her husband hadn’t paid their tax bill of $82,000. As a nurse, she had maintained a steady career, even while pursuing real estate full-time. In 2021, they earned a substantial […]
IRS Provides Information on New Deductions for Seniors, Tips, Overtime, and Car Interest
Recently, the IRS released guidance regarding the new provisions included in the One Big Beautiful Bill Act (OBBBA). If you’re feeling a bit lost about this legislation, you’re not alone. Before President Donald Trump enacted the bill on July 4, 2025, there was already a mix of misinformation and confusion surrounding it. The Forbes team […]
Christian fascism: Left reacts anxiously after IRS permits churches to support politicians
IRS Ruling Sparks Debate Over Church Political Involvement It seems the American left is diving deeper into concerns about political entanglement in churches. Recent reactions to a ruling by the IRS, which now permits churches to back political candidates without risking their tax-exempt status, reveal some strong opinions. One reaction described the situation as “Christofascism,” […]
Watchdog files IRS complaint against OpenAI
Complaint Against OpenAI Filed with IRS The High Tech Watchdog has formally lodged a complaint against OpenAI with the Internal Revenue Agency, as CEO Sam Altman could potentially gain billions in stock under circumstances that may breach U.S. tax regulations, according to information obtained by the Post. In a complaint submitted on Thursday by the […]
Changing IRS rules disrupt the sanctity of the pulpit
The Internal Revenue Service announced on Monday that it would be lifting restrictions on churches and other houses of worship that are meant to limit their involvement in political matters. This ban originates from a change made in 1954, initiated by Lyndon Johnson during his reelection campaign, as he was facing significant challenges from affluent […]
Trump Supports IRS Choice Permitting Churches to Back Political Candidates
Trump’s Support for Church Involvement in Politics President Donald Trump expressed his approval of the Internal Revenue Service (IRS) allowing churches to support political candidates, stating he is pleased that “the church can do it now.” During a press interaction on Wednesday, Trump shared his thoughts on the IRS’s decision, emphasizing that his administration has […]
Emilia Sykes proposes legislation to protect IRS Direct File from being ended.
IRS Direct File Program Proposed Nationwide WASHINGTON – U.S. Representative Emilia Sykes is pushing for the continuation of the IRS’s “direct file” tax return program, aiming to ensure access for residents in all states. On Wednesday, the Democrat from Akron unveiled a proposal known as the Get Your Money Back Act. The intention is to […]
Democratic lawmakers request a judge to prevent ICE from accessing IRS information
This week, over 90 Democratic lawmakers made a legal appeal in federal court, aiming to prevent agencies from accessing private taxpayer information, specifically to block a data-sharing agreement between the IRS and Immigration Customs Enforcement (ICE). The group of 93 senators and representatives criticized the agreement as “unprecedented,” arguing that it violates U.S. tax laws. […]
IRS fines Bay Area couple for accidentally sending a $33,000 check instead of a $3,000 payment for their taxes.
IRS Overpayment Mix-Up Costs Bay Area Couple $30,000 LIVERMORE, California – A rather costly mistake, one that, honestly, could happen to anyone. A couple from the Bay Area accidentally overpaid the IRS, but it seems both they and the agency might share some responsibility for the confusion. “If I borrowed $33,000, I’d be in jail!” […]