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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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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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IRS May Owe Tens of Millions of Taxpayers Refunds Due to COVID-Era Filing Delays

IRS May Owe Tens of Millions of Taxpayers Refunds Due to COVID-Era Filing Delays

The National Taxpayer Advocate has announced that tens of 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 interpreted the tax code's handling of federal disaster declarations to mean that filing and payment deadlines were postponed 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 act to ensure all affected taxpayers receive what they are owed, warning that without further action, taxpayers face a fast-approaching deadline to file their claims.
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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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IRS Introduces New Rules for Fuel Tax Refunds, Impacting Businesses

IRS Introduces New Rules for Fuel Tax Refunds, Impacting Businesses

IRS Introduces New Rules for Fuel Tax Refunds, Impacting Businesses
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Missouri 7th District Offers Federal Assistance During Constituent Services Week

Missouri 7th District Offers Federal Assistance During Constituent Services Week

Residents of Missouri's 7th Congressional District will have the opportunity to receive assistance with federal agencies during Constituent Services Week, scheduled for June 1-5. Representative Eric Burlison's staff will be available at various locations across the district to help with issues related to the IRS, Social Security, Medicare, veterans' benefits, and more. This initiative aims to provide direct support to constituents, ensuring they have access to necessary federal services without the need for appointments.
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President Trump Expands Retirement Savings Access with New Executive Order

President Trump Expands Retirement Savings Access with New Executive Order

President Trump has signed an executive order to expand access to retirement savings accounts, targeting millions of American workers who lack employer-sponsored plans. The order establishes TrumpIRA.gov, a government website where individuals can compare private-sector retirement plans. This initiative complements the Federal Saver’s Match program, set to begin in 2022, which offers a match of up to $1,000 for lower-income workers. The administration aims to work with Congress to expand eligibility for the Saver’s Match to higher-income workers. The website, launching in January 2027, will allow all Americans to browse and enroll in 'high-quality, low-cost' IRA plans, particularly benefiting independent contractors, part-time workers, small business employees, and self-employed individuals.
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US Tax Laws Pose Financial Challenges for Surviving Spouses

US Tax Laws Pose Financial Challenges for Surviving Spouses

Surviving spouses in the United States face significant financial challenges due to the 'widow's penalty' in the tax code. This penalty occurs when a surviving spouse's tax status changes from married filing jointly to single, resulting in reduced standard deductions and compressed tax brackets. Consequently, many widows experience higher taxes despite a decrease in overall income following the loss of a spouse. Additionally, higher taxable income can lead to increased Medicare premiums and Social Security taxes. Women are disproportionately affected by this penalty, as they tend to live longer than men. Financial advisors suggest early planning and strategic financial maneuvers to mitigate these impacts.
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Rep. Eric Burlison Organizes Constituent Services Week for Missouri's 7th District

Rep. Eric Burlison Organizes Constituent Services Week for Missouri's 7th District

Residents of Missouri's 7th Congressional District will have the opportunity to receive assistance with federal agencies during Constituent Services Week, scheduled from June 1 to June 5. Representative Eric Burlison's staff will be available at five different locations across the district to help with issues related to the IRS, Social Security, Medicare, veterans' benefits, immigration, the Small Business Administration, the U.S. Army Corps of Engineers, passports, and other federal services. The initiative aims to provide direct support to constituents without the need for appointments, as staff will be present from noon to 3 p.m. at each location. The event schedule includes stops at the Southwest City Library, Neosho Newton County Library, Barry-Lawrence Library, Shell Knob Library, and Sparta City Hall. Residents are encouraged to bring any relevant documentation to facilitate the assistance process.
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Glenwood Caverns Adventure Park Reopens Amid Bankruptcy Proceedings

Glenwood Caverns Adventure Park Reopens Amid Bankruptcy Proceedings

Glenwood Caverns Adventure Park in Colorado has reopened for the 2026 season despite filing for Chapter 11 bankruptcy. The park, known for its unique attractions and scenic views, continues to operate while undergoing financial restructuring. The decision to reopen comes as the park seeks to stabilize its finances and attract visitors. The bankruptcy filing allows Glenwood Caverns to reorganize its debts and potentially emerge stronger. The park's management remains optimistic about its future, emphasizing its commitment to providing a safe and enjoyable experience for guests.
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Rosen Law Firm Urges Pinterest Investors to Join Securities Class Action

Rosen Law Firm Urges Pinterest Investors to Join Securities Class Action

Rosen Law Firm Urges Pinterest Investors to Join Securities Class Action