Infinity Tax & Financial Services

06/19/2026

Significant Issue Ruling Program

The IRS is bringing back its Significant Issue Ruling Program, which allows taxpayers to obtain guidance on certain complex tax matters.

Programs like this can provide additional clarity for businesses and individuals dealing with complicated tax issues.

Understanding IRS guidance can help taxpayers make more informed decisions and reduce uncertainty.

Have questions about your tax situation? Send us a message or visit www.infinityta.com to schedule a consultation.

Source:
https://www.cpapracticeadvisor.com/2026/05/27/irs-is-resurrecting-significant-issue-ruling-program/184048/

Expert tax, bookkeeping, payroll, and IRS resolution services in Houston for small businesses. Simplify finances and stay IRS-ready with Infinity Tax & Financial Services.

06/18/2026

Biofuel Tax Credit Changes

Tax credits continue to be a major focus for businesses across several industries.

Biofuel organizations are currently encouraging the IRS to revise how certain tax credits are calculated, which could impact future credit opportunities and compliance requirements.

Tax law changes can create both opportunities and challenges for businesses.

Have questions about your tax situation? Send us a message or visit www.infinityta.com to schedule a consultation.

Source:
https://news.bloomberglaw.com/daily-tax-report/biofuel-groups-push-irs-for-new-model-to-calculate-tax-credit

Expert tax, bookkeeping, payroll, and IRS resolution services in Houston for small businesses. Simplify finances and stay IRS-ready with Infinity Tax & Financial Services.

06/17/2026

IRS Reform Lessons

Discussions about IRS reform continue to shape tax administration in the United States.

Historical reform efforts show how balancing taxpayer service, enforcement, and agency resources can impact both taxpayers and tax professionals.

Understanding how tax policy evolves helps taxpayers stay informed about future changes.

Have questions about your tax situation? Send us a message or visit www.infinityta.com to schedule a consultation.

Source:
https://www.forbes.com/sites/taxnotes/2026/05/11/when-congress-reformed-the-irs-without-starving-it/

06/16/2026

IRS Overtime and Collections Activity

Despite staffing reductions, the IRS has reportedly increased overtime efforts to continue processing returns, handling taxpayer inquiries, and managing collections activity.

For taxpayers, this serves as a reminder that IRS notices and collection efforts are continuing.

Addressing tax issues proactively is often easier than waiting for problems to grow.

Have questions about your tax situation? Send us a message or visit www.infinityta.com to schedule a consultation.

Source:
https://www.accountingtoday.com/news/irs-upped-overtime-amid-staff-reductions

Expert tax, bookkeeping, payroll, and IRS resolution services in Houston for small businesses. Simplify finances and stay IRS-ready with Infinity Tax & Financial Services.

06/01/2026

A $40,000 IRS tax debt doesn't stay $40,000 for long. Between penalties and interest, that balance can grow dramatically over time if it's left unresolved.

In our latest blog, we break down:
✔ The cost of doing nothing
✔ How payment plans compare
✔ When an Offer in Compromise may make sense
✔ Why strategy matters when dealing with IRS debt

Read the full article here:

See the real cost of ignoring IRS tax debt. Learn how penalties, interest, and IRS collections compare to an Offer in Compromise settlement.

05/27/2026

Most people know the IRS gives taxpayers 3 years to claim a refund.What many don’t realize is there may be a limited medical exception if a serious health condition prevented someone from filing on time.

Our latest blog explains:
✔ How the 3-year refund rule works
✔ What “financially disabled” means
✔ What documentation the IRS requires

Read more here: https://www.infinityta.com/insights/refunds-medical-exception-to-the-3-year-rule

Learn how the IRS medical exception to the 3-year refund rule works and what documentation may be required to claim a late refund.

05/21/2026

Did you know the IRS only gives you 3 years to claim a tax refund? After that, the money is gone — even if the IRS clearly owes it to you.

This especially impacts:
-People with unfiled tax returns
-Students and young workers
-Taxpayers who were over-withheld
-Individuals eligible for refundable tax credits

Many people assume they owe money when they may actually be entitled to a refund. We put together a quick guide explaining how the IRS 3-year refund rule works and why waiting too long can permanently cost you money.

If you think you may have unclaimed refunds, Infinity Tax & Financial Services can help review your IRS transcripts and determine which years may still be recoverable.

05/19/2026

Filed your taxes, but can’t afford to pay the IRS? You’re not alone, and ignoring the issue usually makes things worse.

The good news is the IRS offers several legal options that may help taxpayers resolve tax debt, including:

✔ Installment Agreements
✔ Offer in Compromise
✔ Currently Not Collectible Status
✔ Penalty Abatement
✔ Strategic Tax Resolution Planning

Understanding which option fits your situation can make a major difference in the total amount paid and the long-term financial impact.

We created a new article explaining 5 legal ways to deal with IRS tax debt and what taxpayers should know before taking action.

Read the full blog here: Infinifyta.com/insights/filed-your-taxes-and-cant-pay

Need help reviewing your options? Shoot us a message for a free confidential consultation.

05/01/2026

IRS refunds don’t last forever.

⏳ You only have 3 years from the original due date to claim them.

Miss the deadline, and the refund is gone—even if the IRS owes you.

03/26/2026

A tax extension provides additional time to file a return.

Important distinction:
Extension = time to file
Not time to pay

Estimated tax owed is still due by the original filing deadline.

Extensions are commonly used when:
• Documents are pending
• Investments generate late forms
• Business K-1s are delayed
• Complex reporting requires review