IRS Audit Triggers Include Income Mismatches and Missing Key Forms
The primary IRS audit trigger for 2026 tax returns is the mismatch between reported income and third-party data.…
Articles by & updated by Sai Sankar
IRS Refund Delays Linked to Direct Deposit Errors and Executive Order 14247
This guide outlines how to prevent 2027 refund delays by choosing the correct tax forms (1040 vs 1040-NR)…
U.S. Firms Bore Nearly 90% of Tariff Costs, New York Fed Study Finds
The New York Fed reports that 2025 tariffs primarily increased costs for U.S. consumers and businesses. This shift…
Agreement on Reciprocal Trade to Cut Tariffs on US Goods
A landmark 2026 trade agreement between the U.S. and Taiwan adjusts tariffs and market access. Key impacts include…
Interim Tax Credit Rules Target China’s Clean Energy Influence
The IRS has released Notice 2026-15, setting interim rules that restrict clean energy tax credits for projects with…
IRS Alerts Cryptocurrency Investors to Report Taxable Income
The IRS treats cryptocurrency as property, taxing disposals as capital gains and rewards as ordinary income. Taxpayers must…
Millionaires Tax in Washington Could Boost Funding for Public Education
A proposed Washington state tax targets high-income earners using federal AGI as a baseline. It affects residents and…
Georgia Senate Advances Income Tax Cuts with Higher Standard Deductions
Georgia's 2026 tax law raises standard deductions to $50k/$100k and cuts rates to 4.99%, providing relief for workers…
IRS Shares Thousands of Tax Records with Department of Homeland Security
The IRS improperly disclosed the addresses of thousands of immigrant taxpayers to DHS/ICE following a 2025 data-sharing agreement.…