WASHINGTON — The Internal Revenue Service highlighted several resources to help taxpayers who missed the April 2025 federal income tax return filing deadline and owe taxes, interest and penalties. Taxpayers who owe taxes should file their tax return and pay as soon as...
IRS
“One Big Beautiful Bill Act” Brings Major Tax Changes for Individuals and Employers
The One Big Beautiful Bill Act (OBBB Act), signed into law by President Trump on July 4, 2025, introduces broad revisions to federal tax law—impacting individuals, employers, and payroll practices nationwide. Here’s a summary of key major tax changes you need to know:...
An offer in compromise could help taxpayers resolve tax debt
When a taxpayer can't pay their full tax debt or if paying would cause financial hardship, they should consider applying for an offer in compromise. For assistance filing for an OIC from a legitimate representative, taxpayers are encouraged to check for a licensed...