THE LATEST

The IRS has a new report on the tax gap which is an estimate of how much tax evasion there is. This is a sign that more tax enforcement is coming. It’s a warning.

As many as 5,000 new IRS employees will be on the job by the end of the year. What this means for clearing up the backlog at the IRS and the impact on your tax issues.

Here’s something new that starts in 2023 and it will impact anyone who works in the gig economy selling merchandise or providing services.

Inflation and higher interest rates are either helping your tax situation or making it more difficult for you to pay off your tax debt. Here’s what higher interest rates are doing.

The IRS says you may now be able to save more for retirement. Inflation adjustments for retirement plan contributions have been announced for 2023.

There’s still time in 2022 to prevent a big tax bill when you file your 2022 IRS tax return. And think twice about getting a big refund.

The IRS wants delinquent taxpayers to apply for an Offer In Compromise to get a fresh start. We think you should talk to a tax professional first.

The IRS has just issued inflation adjustments for 2023 that you will use when you file your 2023 taxes in 2024. Discuss these with your tax professional and plan ahead.