The IRS is encouraging taxpayers to review their tax withholding now to avoid unexpected bills or refunds when filing next year. By adjusting withholding early, individuals can better manage cash… Read More »IRS Urges Taxpayers to Check Withholding Early to Avoid 2026 Surprises
The IRS 2025 tax deadline has passed, and millions have yet to file. If you missed the April 15 deadline and owe taxes, penalties are piling up—5% per month for… Read More »IRS Late Filing Penalty: Key Points
Between 2013 and 2021, less than 1% of US taxpayers were audited, largely due to resource constraints at the IRS. High-income filers (over $10 million) faced an 8.7% audit rate,… Read More »IRS Audit Rates Decrease Amid Staffing Cuts and Increased AI Use