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The Latest Breaking News from IRS

First Thing: Trump threatens to impose US tolls on Hormuz shipping as strikes on Iran continue

Change of US position on free navigation comes as two tankers hit by Iranian cruise missiles

The Guardian - UK

The Todd Blanche hearings will test senators’ commitment to the rule of law

Trump’s former personal attorney has a vast slate of conflicts of interest. Will lawmakers do their job in his confirmation hearings?

The Guardian - US

Judge Rules Trump's $1.8 Billion IRS Deal Invalid – Then Calls Lawsuit an Attempt to Manipulate the Courts

A federal judge has invalidated Trump's IRS settlement, citing improper purpose and manipulation of courts, raising questions about the legitimacy of the process and future IRS examinations

International Business Times UK

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Todd Blanche takes his turn on the hot seat

Todd Blanche faces his biggest public test Wednesday in his bid to serve as President Donald Trump’s fourth confirmed attorney general: a Senate Judiciary Committee with a pair of undecided Republicans. The panel’s two-day hearing, which will feature Blanche on the first day and outside witnesses on the second, will…

Roll Call

Trump's $1.78 Billion 'Anti-Weaponization' Fund Deal Had 'Never A Case Or Controversy, Rules Judge: 'Brought to Manipulate the Judicial Process'

A federal judge ruled that President Donald Trump’s settlement with the Justice Department over the leak of his tax returns stemmed from a lawsuit that lacked a genuine legal dispute and was used to legitimize the agreement in court.

Benzinga

The Rs 7.50 lakh myth: Why employer's NPS contribution must be included in salary for claiming deduction under Section 80CCD(2)

As the due date for filing ITRs for AY 2026-27 approaches, many salaried taxpayers are finding that the ITR utility does not allow deduction under Section 80CCD(2) unless the employer's NPS contribution is first included in salary. This article explains why the ITR utility is designed to work this way…

The Economic Times

A Federal Judge Slams Trump's IRS Lawsuit As a Pretext for Delivering a Phony 'Settlement'

U.S. District Judge Kathleen Williams concludes that the case never presented a true "case or controversy" because both sides were controlled by the president.

Reason

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US judge voids Trump's 'improper' $1.8 billion settlement with IRS

A US judge on Monday voided a settlement between President Donald Trump and the Internal Revenue Service over his leaked tax returns, ruling the lawsuit was filed for an "improper purpose". The agreement had granted Trump, his family and business broad protections from tax audits following their $10 billion lawsuit.

France 24

Trump IRS Lawsuit Backfires as Judge Exposes $1.8B Scheme and Threatens Lawyer Todd Blanche With Sanctions

A federal judge has voided President Trump's IRS settlement, citing bad faith and misuse of power, impacting his legal shield against audits and raising questions ahead of a key confirmation hearing.

International Business Times UK

Judge: Trump's IRS settlement was sham

Judge Kathleen Williams said that the case flouted constitutional restrictions against self-dealing

Salon

US judge declares Trump's tax deal 'improper', leaving future financial implications unclear

A US judge on Monday voided a settlement between Donald Trump and the Internal Revenue Service giving the president and his allies sweeping protections from audits, ruling that his lawsuit over leaked tax returns had been filed for an "improper purpose."

The Economic Times

US judge scraps Trump's IRS settlement deal, says lawsuit sought to 'manipulate judicial process'

A federal judge voided President Trump's settlement with the IRS. The lawsuit was deemed an improper attempt to manipulate the judicial process. Sanctions and disciplinary actions were recommended against involved lawyers. The judge found the parties were not truly opposing each other. The Justice Department was criticized for its role…

The Times of India

Trump’s legal team sanctioned by judge for potential disciplinary action over slush fund

IN FULL

The Independent UK

Judge sanctions Trump lawyers over IRS ‘settlement’ in brutal takedown

Trump’s team schemed the court to force a settlement with his own government to bail him out from tax investigations, judge says

The Independent UK

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The Independent UK

Judge blasts Trump's IRS lawsuit as filed for 'improper purpose,' recommends attorney discipline

A federal judge says President Donald Trump’s lawsuit against the IRS over his leaked tax returns was filed for an “improper purpose” as she referred attorneys for disciplinary actions

Benzinga

Social Security Shows Government Doing a Good Thing the Wrong Way as 2032 Insolvency Looms, Says This Public Affairs and Campaign Consultant

Social Security is not a Ponzi scheme or a scam, but it shows "government doing a good thing the wrong way," public affairs and campaign consultant David Harris argues, warning that the program’s 2032 funding deadline demands structural reform.

Budget and the Bees

Digital Gift Cards Are Becoming a Favorite Target for Scammers—Here’s How to Protect Yours

Digital gift cards have become one of the easiest ways to celebrate birthdays, holidays, and special occasions, but they’ve also become a favorite tool for scammers looking to steal money fast. Unlike traditional payment methods, digital gift cards are difficult to trace and nearly impossible to recover once the code…

Kiplinger

Ask the Tax Editor, July 10: Late Refunds and Calling the IRS

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions from readers who are still awaiting their tax refunds and problems with calling the IRS.

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news in one place.

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Benzinga

IRS Refund Deadline Today: Millions Of Americans Could Still Claim COVID-Era Tax Money Before Time Runs Out

Millions of Americans may still be eligible for an Internal Revenue Service refund, but they must file a claim by Friday, July 10, according to National Taxpayer Advocate Erin Collins, who warned the relief will not be granted automatically.

Reason

Trump's 'Anti-Weaponization Fund' Marks a Pattern of Trying To Profit From the Presidency

Since the beginning of his first term, the president has repeatedly used his office for personal gain.

Reason

The Social Security Fix That Would Send Tax Rates Soaring

There are only a handful of ways to shore up Social Security. Sens. Bernie Moreno and Elizabeth Warren are backing one of the most expensive.

Kiplinger

The IRS Never Texts You, So Why Are They Doing It Now?

Taxpayers have been told for years that the IRS never sends a text message. But under 2026 digital rules, the agency can reach out for three specific reasons.

Saving Advice

How to Check Whether You’re Withholding Too Much From Social Security

Every month, thousands of retirees have federal income taxes withheld from their Social Security benefits to avoid a surprise tax bill in April. But if...

The Free Financial Advisor

IRS Announces 27 States Have Opted Into New Federal Scholarship Tax Credit Program

The Internal Revenue Service announced that 27 states have elected to participate in the Federal Scholarship Tax Credit (FSTC) program, a new federal initiative that allows eligible taxpayers to claim a tax credit for contributions made to qualifying scholarship organizations.

International Business Times UK

Trump Accounts Launch With $250 Million Micron Pledge: How to Claim Your Baby's $1,000 Government Investment

Trump Accounts are live with $1,000 deposits for over 500,000 US children. Here is how to claim your baby's money, plus the corporate pledges and equity concerns behind the launch.

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