IRS Interest Rates Rise for Q3 2026: What Taxpayers Need to Know
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IRS Interest Rates Rise for Q3 2026: What Taxpayers Need to Know

Jul 14, 2026

The Internal Revenue Service (IRS) has announced that interest rates will increase for the third quarter of 2026, beginning July 1. These rates, which remain in effect through September 30,...

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Court Ruling Expands IRS Ability to Pursue Taxpayers in Preparer Fraud Cases 
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Court Ruling Expands IRS Ability to Pursue Taxpayers in Preparer Fraud Cases 

Jul 13, 2026

Key Takeaways  The IRS generally has three years to audit a tax return, but the statute of limitations can extend to six years for substantial underreported income or remain open indefinitely in...

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What is FICA Tax? (2026 Rates and How It Works)
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What is FICA Tax? (2026 Rates and How It Works)

Jul 12, 2026

Key Takeaways: FICA is a mandatory federal payroll tax that funds Social Security and Medicare. Employees pay 7.65%, employers match 7.65%, and self-employed workers pay 15.3% under SECA. The Social...

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