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The Latest Breaking News from IRS

The $2,500 Tax Break for Paying Your Student Loan

Do you qualify for the student loan interest deduction this year?

Kiplinger · Mar 29, 2024

Ohtani representatives refuse to give evidence they reported alleged theft

Unanswered questions remain over allegations Shohei Ohtani’s former interpreter stole millions from the baseball star to pay off gambling debts

The Guardian - US · Mar 27, 2024

Hunter Biden's Tax Indictment Court Showdown Looms

Hunter Biden's tax charges face legal battle with potential implications for 2024 election.

What's Happening With the Employee Retention Credit and the IRS?

Due to fraud, the ERC has received much attention lately from the IRS and Congress.

Kiplinger · Mar 26, 2024

The IRS has 940,000 unclaimed tax refunds from 2020 that are about to expire

The average median refund is $932 for 2020. Texas (93,400), California (88,200), Florida (53,200) and New York (51,400) have the largest amount of people potentially eligible for these refunds.

WEKU · Mar 26, 2024

Shohei Ohtani Denies Involvement In Sports Gambling Scandal

Shohei Ohtani denies involvement in sports gambling scandal with former interpreter accused of theft and gambling addiction, raising questions about integr...

IRS Urges Taxpayers To Claim IRS Urges Taxpayers To Claim Top News Billion In Unclaimed Refunds Billion In Unclaimed Refunds

IRS alerts taxpayers to IRS Urges Taxpayers To Claim Top News Billion In Unclaimed Refunds billion in unclaimed refunds for 2020 tax year, urging prompt action before May 17 deadline.

Byzantine Tax Laws Threaten To Make Us All Tax Cheats

The Department of Justice is suing several tax preparers for filing fraudulent returns, but even honest filers risk running afoul of tax laws.

Reason · Mar 25, 2024

Avoid Surprises: Don’t Procrastinate on Your Taxes

You really should start thinking about next year’s taxes immediately after filing this year’s. Better tax efficiency could save you some serious dough.

Kiplinger · Mar 25, 2024

Tax Season Made Simple: How to Set Up a Direct Deposit Tax Refund

With tax season well underway, here's a fast, secure and safe option to get your tax refund payment you may want to consider

Latin Times · Mar 25, 2024

TDP’s Chittoor MP candidate vows to bring job opportunities to youth

Former IRS official and TDP candidate Daggumalla Prasada Rao vows to bring jobs to Chittoor, criticizes current government's policies.

The Hindu · Mar 24, 2024

The IRS touts improved customer service and a hassle free filing option

With less than a month before the tax filing deadline, the IRS says tax season is going smoothly. The agency is investing billions of dollars to improve service and beef up tax enforcement.

WEKU · Mar 24, 2024

Cash, cards, Venmo … don’t turn away customers who actually want to pay

Many businesses restrict the forms of payment they will accept – that’s shortsighted and foolish

The Guardian - US · Mar 24, 2024

Why Your Tax Refund Could Be Higher This Year

The average tax refund amount is higher this year than last filing season. How does yours compare?

Kiplinger · Mar 23, 2024

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MLB Investigates Illegal Gambling Allegations Involving Dodgers Star

MLB investigates allegations of illegal gambling and theft involving Shohei Ohtani and his interpreter, leading to a significant scandal in baseball.

Latin Times · Mar 22, 2024

Tax Season: How To Resolve IRS Tax Disputes

Navigating an IRS tax disputes can be a challenging task, but it doesn't have to be. Here are some resources available if you're seeking a tax resolution.

House Judiciary Chair Launches Investigation Into IRS AI Surveillance

House Judiciary Chair and Rep. investigate IRS's potential misuse of AI for taxpayer surveillance, raising privacy concerns.

Kiplinger · Mar 21, 2024

Should a Donor-Advised Fund Be Part of Your Estate Plan?

A donor-advised fund, or DAF, lets the donor reap tax benefits while also being able to direct how the money is distributed and invested.

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IRS Direct File Website Raises Privacy Concerns

The IRS's use of tracking tools on its Direct File website raises concerns about user privacy and transparency, sparking a broader discussion on the ethica...

U.S. Expats Reminded Of April 15 Tax Deadline

Learn about U.S. tax obligations for expats, including deadlines, forms, and extensions to ensure compliance and avoid penalties.

Kiplinger · Mar 20, 2024

How Quitclaim Deeds Can Cause Estate Planning Catastrophes

A lot can go wrong (including inadvertent law-breaking) if you choose to go the easy route rather than using a trust to transfer real estate to your child.

Latin Times · Mar 20, 2024

Understanding IRS Direct File: Who Could Benefit This Tax Season?

With tax season well underway, learn about this pilot free online tax-prep tool that will allow you to file your federal income tax returns for free

Kiplinger · Mar 19, 2024

The Price of Filing Taxes With a Professional is Rising

The average cost of working with a tax professional is going up.

New Mileage Tax Deduction Rates Announced For 2024

Learn how tax planning, vehicle expenses, and retirement accounts can optimize take-home pay for business owners. Stay informed on tax deductions and IRS m...

Kiplinger · Mar 16, 2024

Six Tax Breaks That Get Better With Age

Depending on your age, several tax credits, deductions, and amounts change — sometimes for the better.

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