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The Latest Breaking News from IRS

Developing a Charitable Giving Strategy: Where to Begin

Knowing what to give, how to give and where to give can help ensure your charitable giving aligns with your values and maximizes your impact.

Kiplinger

Is Your IRA an IOU to the IRS? Three Retirement Tax Strategies

These steps, including converting to Roth IRAs, using a Roth 401(k) and leveraging life insurance and annuities, can help reduce your taxes in retirement.

Kiplinger

The Supreme Court just ended ‘Chevron.’ What does that mean and how far will its impact reach?

Federal agencies such as the IRS, FDA and EPA will have to turn to Congress and courts for guidance under the new ruling

The Independent UK

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Short Circuit: A Roundup of Recent Federal Court Decisions

Overloaded fireworks, behavioral coaching, and makeshift pockets.

Reason

Supreme Court Strikes Down Chevron: What It Means for the IRS

A landmark decision from SCOTUS fundamentally alters the administrative law landscape and impacts federal agencies, including the IRS.

Kiplinger

One Retiree's Story of How She Built Her Retirement Nest Egg

One way to build wealth is to max out your company’s retirement plans, but doing it in tax-efficient ways can make an even bigger difference.

Kiplinger

Roth 401(k) vs 401(k): Which Is Right for You?

The Roth 401(k) vs traditional 401(k) decision can mean the difference between higher taxes now or in retirement. It's your choice.

Kiplinger

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Medicare Premiums 2025: Projected IRMAA for Parts B and D

Will your monthly Medicare premiums increase next year? It depends.

Kiplinger

Things Change: Is It Time to Update Your Retirement Plan?

Here’s how to go about updating your retirement plan, including adding important elements, to ensure it meets all of your retirement objectives.

Kiplinger

‘Will you shut up, man’: The best jabs from Biden-Trump debates in 2020

A look back at the bad-tempered 2020 debates when White House rivals sparred over Covid, white supremacy and each others’ records in government

The Independent UK

IRS delays in resolving identity theft cases are 'unconscionable,' an independent watchdog says

An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases

The Independent UK

New 401(k) Withdrawal Rules to Know

More people are taking early emergency withdrawals from retirement savings accounts. New rules might offer some relief.

Kiplinger

Julian Assange, a Free Man

Plus: In defense of cigarettes, independent voters in the Hamptons, IRS data-privacy settlement, and more...

Reason

How to Donate Your Life Insurance Policy to Charity

Donating an unneeded life insurance policy to charity can extend your charitable legacy. To maximize that gift, consider methods that may reduce your tax burden.

Kiplinger

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Fortune

U.S. lawmakers turn up the heat over Nigeria's unlawful detention of Binance exec

U.S. lawmakers visited former IRS Special Agent Tigran Gambaryan in the Nigerian prison where he has suffered malaria and pneumonia.

Reason

'Vast Majority' of Pandemic Employee Retention Credit Claims Are Likely Scams, Says IRS

Just the latest development in the continuing saga of COVID stimulus fraud.

International Business Times

Nigeria Denies Claims Of Poor Quality Healthcare For Binance Executive Gambaryan

Nigeria has denied claims that jailed Binance compliance chief Tigran Gambaryan wasn't provided access to quality healthcare after two U.S. representatives visited the former IRS agent in a Nigerian prison.

Kiplinger

Landlord With Rental Income? See if You Qualify for a 20% Tax Break

Many landlords are eligible to take the 20% tax deduction for qualified business income

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Top News

Government Watchdog Group Seeks Records On Hunter Biden Investigation

Government watchdog group sues Justice Department over potential Mann Act violations by Hunter Biden.

The Independent UK

IRS says 'vast majority' of 1 million pandemic-era credit claims show a risk of being improper

The Internal Revenue Service said Thursday a review of 1 million claims for the Employee Retention Credit representing $86 billion shows the “vast majority” are at risk of being improper

Kiplinger

Unrealized Gains Tax Survives U.S. Supreme Court

The Supreme Court’s ruling in Moore v. U.S. considers how wealth is taxed in the United States.

Kiplinger

Annuities and Tax Planning Boost Retirement Income and More

Smart planning takes advantage of the tax benefits of lifetime income protection through annuities. But wait — there’s more.

Kiplinger

Benefits of Charitable Contributions You May Be Overlooking

There are many tax, estate and income benefits when you donate to charity, especially if you make use of a charitable remainder trust (CRT).

Kiplinger

How IRAs Impact Social Security

Do your traditional IRA distributions count as income that could lower your Social Security benefits? It depends.

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