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Latest Tax News
New IRS CEO Frank Bisignano Faces Scrutiny Over JPMorgan Past
July 21, 2026
Frank Bisignano was appointed the first-ever CEO of the IRS — but a Wall Street Journal report alleging he spied on colleagues at JPMorgan has put him on the defensive before he's barely settled in.
Read moreIRS Replaces 'First Time Abate' with Automatic Penalty Relief
July 21, 2026
The IRS is replacing its First Time Abate program with a new Automatic Penalty Relief (AEP) program that automatically waives qualifying penalties for eligible taxpayers starting in 2027.
Read moreTrump Accounts for Kids: What Parents Need to Know About the Tax Rules
June 19, 2026
The One Big Beautiful Bill Act created a new tax-deferred savings account for children called Trump Accounts. Here's what parents need to know about the tax rules, contribution limits, and how to get started.
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