by chrabik | Aug 17, 2026 | Uncategorized
The IRS has modified the way it handles First-Time Penalty Abatement in 2026, and tax resolution pros need to be ready. For the first time since the FTA was modified in 2001, eligible taxpayers will receive the abatement automatically, without having to call, write,...
by chrabik | Aug 16, 2026 | Uncategorized
First-Time Penalty Abatement is one of the most valuable forms of IRS penalty relief available to your clients, and also one of the most overlooked. The way it is granted has changed in 2026. This guide covers how FTA works, who qualifies, how to request it, how to...
by chrabik | Aug 15, 2026 | Uncategorized
The Tax Foundation uses and maintains a General Equilibrium Model, known as our Taxes and Growth (TAG) Model to simulate the effects of government tax and spending policies on the economy and on government revenues and budgets.Read More
by chrabik | Aug 15, 2026 | Uncategorized
The 12-year history of Tax Foundation’s ITCI shows that tax policy is constantly in flux around the world and that tax policy design choices matter for economic growth.Read More
by chrabik | Aug 14, 2026 | Uncategorized
If you’re like many Americans living in Canada, you may have opened a Registered Retirement Savings Plan (RRSP) to take advantage of its tax benefits. You may also be wondering how it affects your US tax return. It’s a fair question. A tax-advantaged...
