irs
Five ways to avoid tax penalties in 2026
As a certified public accountant, the most common question I hear in the spring is, “How much do I actually have to pay the IRS right now?” In a perfect world, the IRS wants 90% of your total tax liability paid “ratably” (equally) throughout the year. The problem? Most successful people don’t have perfectly predictable […]
Treasury Secretary Scott Bessent refuses to say whether Trump remains exempt from IRS audits
WASHINGTON | Treasury Secretary Scott Bessent refused to say Wednesday whether President Donald Trump and his family would still get immunity from IRS audits after the administration abandoned plans for a $1.776 billion compensation fund that would have benefited the president’s allies. “There’s continuing litigation, and I’m unable to comment on ongoing litigation,” Bessent told […]
Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax system
NEW YORK | Remember Donald Trump’s response in the 2016 presidential debate, when Hillary Clinton blasted him for paying virtually no federal taxes? “That makes me smart,” Trump said. By that logic, Trump is looking smarter than ever now. On Tuesday, the Internal Revenue Service agreed to drop all pending probes of Trump over whether […]