IRS Tax Settlement & IRS Tax Debt Relief

07/17/2026

Sales Tax Holidays can mean big savings on school supplies, clothing, and more. Find out if your state is participating this August.

Heading out to do some shopping? Check our list of August sales tax holidays to see if your state is on the list!

07/16/2026

Due to higher gas prices, the IRS has taken the unusual step of adjusting its mileage rates mid-year.

The new rates apply to mileage on or after July 1, 2026, and will be reflected on 2026 federal income tax returns filed next year.

07/13/2026

Great news! If you historically pay on time, the IRS may now grant automatic first-time penalty abatement if you're late filing or paying your taxes.

IRS to give automatic tax penalty relief to eligible Americans, starting this summer. This is a major win for everyone, experts say.

07/13/2026

If the payroll tax cap were adjusted this year to fully address the funding shortfall, the tax rate would rise from 12.4% to 16.6%.

With Social Security facing a funding shortfall, some lawmakers want to raise or eliminate the payroll tax cap to help avoid future benefit cuts.

07/10/2026

It's never too early to start planning for tax filing season!

Each year, families leave money on the table by moving too quickly to file their taxes. Experts explained the tax breaks middle-class families may be missing.

07/06/2026

The IRS has announced that contributions to the new "Trump Accounts" won't require federal gift tax reporting under new guidance.

This update removes a potential reporting hurdle that many tax professionals had raised, making it easier for parents, grandparents, and others to contribute to these accounts.

Parents, guardians and others who contribute to a Trump Account will not be required to file a gift tax return, the IRS and Treasury Department said Monday.

07/04/2026

Today, we honor the ideals of liberty, opportunity, and independence that have shaped our nation. Happy Fourth of July to all as we celebrate America's enduring spirit. 🇺🇸🎉

07/03/2026

In recognition of America's 250th birthday, our offices will be closed Friday & Saturday. #250

06/29/2026

Most people make the mistake of thinking that they can simply avoid filing taxes and after 10 years the debt will go away. This is not the case.

The IRS statute of limitations is more complex than most people realize. Be sure you understand when the clock starts and stops!

06/26/2026

The proposal is intended to help seniors preserve the equity they have accumulated over decades while also encouraging downsizing that could free up housing inventory for younger buyers.

The latest capital gains tax relief proposal being floated on Capitol Hill would double the existing exclusion for eligible older homeowners.