The Latest Breaking News from IRS

Is an Annuity Worth It? Tax Pros and Cons

Knowing how an annuity might impact your tax situation can be confusing. Here are some advantages and downsides to consider.

Kiplinger · Sep 14, 2024

Who Does the IRS Audit the Most?

The IRS has a $400K audit directive problem. Here’s what you need to know.

Kiplinger · Sep 12, 2024

IRS Hauls Back $1.3 Billion From High-Income Earners

Certain income and wealth levels can trigger an IRS audit. Here's what you need to know.

Kiplinger · Sep 12, 2024

Incorrect ERC? IRS Points to Five New Red Flags

These signs could mean there’s an error in your Employee Retention Credit claim.

Kiplinger · Sep 10, 2024

Johnson's stopgap funds plan appears headed for defeat in House - Roll Call

Enough House Republicans ranging from conservative spending critics to those who want a bigger defense budget have come out against Speaker Mike Johnson’s stopgap spending strategy to imperil passage.

Roll Call · Sep 9, 2024

IRS Has No Set Plan to Replace Old Tech

What could old IRS technology mean for your federal tax return and cybersecurity?

Kiplinger · Sep 9, 2024

Prepare to Start Taking Money Out of Your Inherited IRA

The IRS has issued final rules on taking required distributions from an inherited IRA, and warns that the reprieve on penalties for adult children and other non-spouse beneficiaries who don't comply will end in 2025.

Kiplinger · Sep 8, 2024

After a rocky FAFSA rollout season, here's what you should know about the upcoming financial aid school year

From calling the financial aid office, to setting up a separate email, being prepared may be the best way to tackle FAFSA filing season

Latin Times · Sep 8, 2024

Yellen Says She's 'Probably Done' With Government Work Once Biden's Term Ends

The 78-year-old treasury secretary is the first woman to hold the job and that of Federal Reserve chair, and the first person to also chair the White House Council of Economic Advisers.

International Business Times · Sep 8, 2024

Five Things About Annuities That May Surprise You

They're more varied, flexible and cost-effective than most people think, so don't let their complexity scare you off.

Kiplinger · Sep 8, 2024