We observed World Elder Abuse Awareness Day in June. In that same spirit, let's recognize and celebrate older adults and the value they bring to society. Elder abuse is a worldwide problem, and it's up to all of us to prevent it. Our government agencies can help advance the lives of older adults. For example, the [...]
This article was published by the IRS. The Internal Revenue Service has issued frequently asked questions in Fact Sheet 2026-02 to help taxpayers, businesses, and other stakeholders understand the changes under Executive Order 14247: Modernizing Payment To and From America’s Bank Account. “These FAQs support the Executive Order in its effort to reduce fraud, improve security, [...]
Watch this IRS webinar to learn more about what a Trump Account is and who is eligible for it as a provision under the Working Families Tax Cuts. A Trump account is a new type of individual retirement account that gives children an early financial foundation and encourages long-term savings and financial awareness. This video: describes [...]
This article was published by the IRS. It’s halfway through the year, which is a great time for taxpayers to do a quick check to make sure they’re on a smooth track to next filing season. Here are some tips: Keep good tax records. Taxpayers should keep all important tax records in one place. They can [...]
The Employer Identification Number, or EIN, serves as a tax ID number for businesses and organizations. Here are a few tips for small businesses, trusts, estates, and charities about the EIN: Only the IRS can issue an EIN, and it's a free service. You can visit IRS.gov/EIN, answer a few questions, and get your EIN immediately [...]
