The Latest Breaking News from IRS

'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.

Reason · Jun 24, 2024

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.

International Business Times · Jun 24, 2024

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

Kiplinger · Jun 23, 2024

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 · Jun 20, 2024

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 · Jun 19, 2024

How IRAs Impact Social Security

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

Kiplinger · Jun 19, 2024

House Republicans Investigate Alleged Retaliation Against IRS Whistleblowers

House Republicans investigate potential improper influence in Hunter Biden investigation based on IRS whistleblowers' claims. Concerns include political in...

Top News · Jun 17, 2024

Treasury, IRS To 'Close Major Tax Loophole' To Bring $50 Billion In Government Coffers

The plan will focus on "related party basis shifting," which is typically used by related parties to increase deductions on assets or reduce future gains, thereby lowering the tax liability of the entities involved.

International Business Times · Jun 17, 2024

The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process

The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade

The Independent UK · Jun 17, 2024

11 Ways to Grow Your Wealth

By setting up a solid investment strategy, creating a budget, boosting your income, and making other smart moves, you can design a blueprint to reach your goals.

Kiplinger · Jun 17, 2024