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IRS Keeps Interest Rates Unchanged for the Rest of 2026
The IRS announced that interest rates will remain the same for the calendar quarter beginning October 1, 2026. Interest Rates For individuals, the rate for overpayments (money the IRS owes you) and underpayments (money you owe the IRS) will be 7% per year. Here’s what the numbers look like: 7% for overpayments, 6% for corporations…
Tax News & Analysis
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How To Create and Use an IRS Online Account
Dealing with the IRS is rarely anyone’s idea of a good time, but having an IRS Online Account can make at least some of it easier. You can use your account to check payment activity, view tax records, download transcripts, review certain notices, see balances, and access other information without having to call the IRS…
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When A Circuit Court Rules, Who Has To Follow It?
The Supreme Court’s recent refusal to hear Murrin v. Commissioner left in place a Third Circuit ruling with serious consequences for taxpayers. It also raised a broader question that often comes up when federal courts make news: how far does one circuit court’s ruling actually reach? In Murrin, a tax preparer included false or fraudulent…
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Taxgirl Goes To The Movies: Star Wars
It’s May the 4th… so, it’s a fitting day to kick off the most recent edition of Taxgirl Goes To The Movies with “Star Wars.” “Star Wars” (later “Star Wars: Episode IV – A New Hope”) is the first film released in the Star Wars franchise. From smuggling to bartering for droids, here’s a look…
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Looking For Tax Breaks?
The latest edition of our free Forbes newsletter, Tax Breaks, is out! This week, it’s National Small Business Week! Plus: State and local tax refunds, credit card swipe fees, taxing legal awards, college endowments and the IRS, nonprofits, tax trivia and more. While I can’t post the entire article newsletter (sorry), you can easily click…
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Taxgirl Goes Back To The Movies In 2025
My son was recently stunned to learn that I had, years ago, written about the tax consequences of one of his favorite movies, “Ratatouille.” It was part of a series where I evaluated the tax consequences of movies referred by readers—those included “Trading Places,” “Blow,” and “Casablanca.” For each film, I focused on the tax…
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Here’s What You Need To Know About Submitting Tax Questions
I’ve been fielding a lot of Ask The Taxgirl questions lately, so it seems like a good time to explain how this works. Yes, I’m still answering questions. Yes, it’s free to submit a question. And yes, it’s free to read the answer (each week, questions and answers appear in our free tax newsletter—here’s an…
