The IRS just announced its interest rates for 2025, and Americans can expect lower rates for overpayments and underpayments. Beginning January 1, the rates will be set at 7 percent annually ...
Since the Tax Cuts and Jobs Act expires on December 31, 2025, tax rates could dramatically spike in 2026. The IRS also recently released its new tax brackets for tax year 2025, so this would apply ...
This refund applies to forms for tax years 2019 and 2020. Refunds are set to arrive by the end of September, according to the IRS. "The penalty relief issued today is yet another way the agency is ...
Wood is a tax lawyer focusing on taxes ... that it would be helpful to see if the IRS can address or refine. First, given the short time 2020 amendments have to be filed before the three-year ...