The Latest Breaking News from IRS

New York tax preparer called ‘the Magician’ charged for tax fraud of $145m

In the decade-long scheme, Rafael Alvarez provided false documents that reduced individuals’ tax burden

The Guardian - US · Dec 17, 2024

How Selling a Losing Stock Position Can Lower Your Tax Bill

Unloading an underperforming stock can help keep your investment returns growing while trimming your tax bill. Here's how this strategy works.

Kiplinger · Dec 17, 2024

On the Naughty List: Holiday Tax Scams to Look Out For

The IRS says scammers are on the prowl for your financial information. Know the signs so you don't fall victim.

Kiplinger · Dec 17, 2024

Three 'Yellowstone' Estate Planning Lessons

We can learn a lot from John Dutton's estate planning mistakes. Here are just a few that relate to families in general and family businesses in particular.

Kiplinger · Dec 15, 2024

IRS Recovers .7 Billion In Back Taxes And Proceeds

IRS recovers .7 billion in back taxes and crime proceeds amidst funding challenges and leadership transitions.

Top News · Dec 12, 2024

How Collectibles Are Taxed: A Closer Look at Capital Gains Rules

Gains on collectibles like gold can be subject to a higher rate than for most other investments.

Kiplinger · Dec 12, 2024

Retirement Abroad? Three Countries Without Inheritance Tax

These 2025 top-retiree-friendly countries have an added benefit: potential tax savings for you and your heirs.

Kiplinger · Dec 12, 2024

Five Tax-Savvy Ways To Donate This Holiday Season

Food pantries, toy drives, and animal sanctuaries are popular ways to support others year-round.

Kiplinger · Dec 12, 2024

‘Cynical cash grab’: FBI chief nominee Kash Patel’s profitable links in the non-profit world

Patel’s non-profit Kash Foundation is linked to Maga-merchandise firms and spends much more on fundraising than it does on charitable giving

The Guardian - US · Dec 12, 2024

TEA Exoneration of Mike Miles’ Charter Schools Leaves Questions Unanswered, Raises New Ones

An agency report challenging media stories overlooks the charter schools’ compliance with federal tax and state business laws, on the watch of the now-HISD superintendent, while revealing new out-of-state payments.

Texas Observer · Dec 11, 2024