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National Taxpayer Advocate Urges Action for COVID Tax Refunds by July 10

National Taxpayer Advocate Urges Action for COVID Tax Refunds by July 10

Tens of millions of taxpayers may be eligible for significant tax refunds due to a recent court decision, but they must act quickly, according to National Taxpayer Advocate Erin Collins. The decision in the case of Kwong v. United States interprets a provision of the Internal Revenue Code that allows for the postponement of tax filing and payment deadlines during federally declared disasters. The COVID-19 pandemic was declared a federal disaster from January 20, 2020, to May 11, 2023, with an additional 60-day extension, making July 10, 2023, the new deadline for tax purposes. Collins emphasizes that taxpayers must file claims for refunds by July 10, 2026, to protect their rights, as the IRS disagrees with the court's interpretation and may appeal the decision.
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Deadline Approaches for Taxpayers to Claim COVID Tax Refunds

Deadline Approaches for Taxpayers to Claim COVID Tax Refunds

Deadline Approaches for Taxpayers to Claim COVID Tax Refunds
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The Top Crypto Tax Software in 2026 Compared on Integrations Pricing and Support

The Top Crypto Tax Software in 2026 Compared on Integrations Pricing and Support

The world of cryptocurrency moves fast, and so do its tax implications. If you're holding, trading, or earning crypto, you know that keeping up with IRS reporting can feel like a full-time job. For 2026, new regulations and the explosion of decentralized finance (DeFi) and NFTs mean your tax calculations are more complex than ever. Many crypto investors in places like Austin or New York City are unknowingly overpaying their taxes. They might miss out on legitimate deductions or incorrectly report capital gains and losses. That's why having the right crypto tax software isn't just a convenience; it's a financial necessity to protect your portfolio and stay compliant with the IRS. This guide compares the leading crypto tax software solutions for 2026, focusing on their integration capabilities, pricing structures, and the quality of support. We'll look at top contenders like CoinTracker, Koinly, and TaxBit to help you make an informed decision.
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US Justice Dept targets Minnesota over global greenhouse gas emissions

US Justice Dept targets Minnesota over global greenhouse gas emissions

WASHINGTON, May 4 (Reuters) - The U.S. Justice Department filed a complaint on Monday against Minnesota over its regulation of global greenhouse gas emissions, the latest in a series of federal actions in the state that have included a fraud probe and immigration raids.
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IRS May Owe Refunds to Millions of Taxpayers Due to COVID-Era Penalties

IRS May Owe Refunds to Millions of Taxpayers Due to COVID-Era Penalties

The National Taxpayer Advocate has announced that millions of American taxpayers might be eligible for refunds or reduced penalties and interest due to the postponement of filing deadlines during the COVID-19 emergency declaration. This development follows recent court decisions, including the Kwong case, which highlighted that the tax code's handling of federal disaster declarations allowed for extended filing and payment deadlines from January 20, 2020, through May 11, 2023. The Justice Department may appeal the decision, but affected taxpayers must file their refund claims by July 10, 2026. The taxpayer advocate emphasized the need for the IRS or Congress to ensure that all impacted taxpayers receive what they are owed, warning of a fast-approaching deadline for filing claims.
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IRS May Owe Refunds to Millions Due to COVID-Era Tax Penalties

IRS May Owe Refunds to Millions Due to COVID-Era Tax Penalties

The National Taxpayer Advocate has announced that millions of American taxpayers might be eligible for refunds or reductions in penalties and interest due to the postponement of tax filing deadlines during the COVID-19 emergency declaration. This development follows a court ruling in the Kwong case, which determined that the tax code's handling of federal disaster declarations allowed for extended filing and payment deadlines from January 20, 2020, to May 11, 2023. As a result, penalties and interest assessed during this period may be subject to refunds or abatements. However, the relief is not automatic, and affected taxpayers must file their claims by July 10, 2026. The Justice Department may appeal the decision, but taxpayers are advised to submit claims using Form 843 via certified mail to ensure timely submission.
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Federal Government Sues New Jersey Over Tuition Benefits for Undocumented Students

Federal Government Sues New Jersey Over Tuition Benefits for Undocumented Students

The federal government has filed a lawsuit against New Jersey, challenging the state's policy of extending in-state tuition, grants, scholarships, and financial aid to undocumented students at public colleges. The lawsuit, filed by Justice Department lawyers in the US District Court for the District of New Jersey, argues that New Jersey's provisions are in violation of federal law. This law prohibits undocumented individuals from receiving tuition benefits that are not available to out-of-state residents attending state colleges and universities. The government claims that these state provisions are discriminatory and conflict with Congress's prohibition on providing postsecondary education benefits based on residency to illegal aliens that are not available to all U.S. citizens, regardless of residency.
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Lawmakers Accuse Justice Department of Rushing SPLC Indictment Amid Whistleblower Allegations

Lawmakers Accuse Justice Department of Rushing SPLC Indictment Amid Whistleblower Allegations

House Democrats have raised concerns over the Justice Department's indictment of the Southern Poverty Law Center (SPLC), following whistleblower reports suggesting undue pressure was applied to expedite the process. The SPLC, known for labeling right-wing organizations as hate groups, is accused of defrauding donors by not disclosing payments to hate group members acting as informants. The SPLC denies these allegations, and Democrats have criticized the indictment as a misuse of prosecutorial power. The Justice Department has not commented on these claims.
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Takeaways from AP report on Trump administration's defiance of lower court orders

Takeaways from AP report on Trump administration's defiance of lower court orders

Federal judges around the country have raised alarms in recent months about the Trump administration’s failure to follow their orders in individual immigration cases
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Mexican governor and mayor indicted by US for drug trafficking step down

Mexican governor and mayor indicted by US for drug trafficking step down

Two members of Mexican President Claudia Sheinbaum’s party in Sinaloa state have temporarily stepped down after the U.S. charged them with drug trafficking
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Defense Attorneys Question Evidence in White House Correspondents’ Dinner Incident Involving President Trump

Defense Attorneys Question Evidence in White House Correspondents’ Dinner Incident Involving President Trump

Defense attorneys for Cole Tomas Allen, accused of attempting to assassinate President Trump at the White House correspondents’ dinner, are challenging the evidence presented by prosecutors. They argue that video footage does not show a muzzle flash from the shotgun Allen allegedly fired. Prosecutors claim that a buckshot pellet was found at the scene, suggesting a shot was fired in the direction of a Secret Service officer. Allen, who faces charges including transporting firearms across state lines, could face life imprisonment if convicted. The defense has requested further evidence, including video and ballistics data, to support their case.
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Jeanine Pirro Maintains Pressure on Fed's Powell Despite Dropped Probe

Jeanine Pirro Maintains Pressure on Fed's Powell Despite Dropped Probe

U.S. Attorney Jeanine Pirro continues to exert pressure on Federal Reserve Chair Jerome Powell, even after suspending a criminal investigation into him. The investigation, which focused on renovation costs at the Fed, was paused to allow the Fed's Inspector General to conduct a review. However, Pirro has left open the possibility of reopening the investigation if new evidence emerges. This ongoing scrutiny is part of a broader power struggle involving President Trump and the Federal Reserve, with potential implications for Powell's future at the Fed and the appointment of new governors.