The bipartisan measure, co-authored in the Senate by Elizabeth Warren and approved by President Donald Trump, clears numerous ...

The law requires the IRS to provide a clear explanation of tax-filing errors to taxpayers on its math error notices.

Paying taxes is mandatory for citizens, and being penalized for not paying them correctly is one of the biggest fears for ...

The new reforms protect fundamental taxpayer rights and could possibly save Americans money and stress. For example, without ...

When you receive a Notice 5071C, it means that the IRS has received a federal income tax return filed using your Social Security number (SSN) or individual tax identification number (ITIN). Before the ...

With tax season set to kick off next week, the IRS is launching a new initiative to redesign and simplify common tax documents. The changes will eventually apply to around 170 million letters that are ...

Takeaways For tax years 2025 -2028, the One Big Beautiful Bill Act (OBBBA) allows employees to take an above-the-line tax deduction on qualified overtime pay and qualified tips.

Guam residents who have received notices from the Internal Revenue Service, indicating that they either owe federal taxes or have not filed their individual income tax return, should go to ...

The provisions on tip and overtime compensation were enacted as part of H.R. 1, P.L. 119-21, commonly known as the One Big ...

President Trump discussed his "no tax on tips" plan in January. The IRS has released its guidance for the "no tax on tips" ...

Navigate an IRS bank account levy. Understand its meaning, how it works, legal framework, impact, response strategies, and ...

The post IRS Sets 2026 Inflation Tax Adjustments appeared first on Self Employed.