IRS Raises Standard Mileage Rates for Remainder of 2026
Citing the increase in the cost of fuel, the IRS has set a higher optional standard mileage rate used to...
Roth IRAs: 6 Scenarios to Consider Before a Conversion
Jul 23, 2026
Roth conversions get a lot of buzz for being a powerful tax-saving tool, but there are several situations where taking...
IRS Offers Gift Tax Safe Harbor for Contributions to Trump Accounts
Jul 16, 2026
The IRS on Monday issued Rev. Proc. 2026-25, which provides a gift tax reporting safe harbor for individual donors who make...
Taxpayers Advised They Can Ignore CP53E Notice — After Verifying Error
May 18, 2026
Taxpayers who aren’t due a refund but received a CP53E notice anyway can ignore the notice after they confirm its...
IRS Finalizes Deduction Rules for Tips, Adds Eligible Jobs
Apr 20, 2026
The IRS issued final regulations for the new tips deduction (T.D. 10044) under H.R. 1, P.L. 119-21, commonly known as...
Recent Posts
- IRS Raises Standard Mileage Rates for Remainder of 2026 July 27, 2026
- Roth IRAs: 6 Scenarios to Consider Before a Conversion July 23, 2026
- IRS Offers Gift Tax Safe Harbor for Contributions to Trump Accounts July 16, 2026
- Taxpayers Advised They Can Ignore CP53E Notice — After Verifying Error May 18, 2026
- IRS Finalizes Deduction Rules for Tips, Adds Eligible Jobs April 20, 2026