The Latest Breaking News from IRS

Republicans once again appeal to the rich in bid to cut IRS funds

This proposal to cut funds aimed at catching tax cheats echoes the Trump-Republican tax cuts that included the largest corporate tax cut in U.S. history, a suburban writer points out.

Chicago Sun-Times · Nov 13, 2023

Delaware Statutory Trust: A Viable Alternative to Debt Replacement

Using a DST would not only meet the debt replacement requirement in a 1031 exchange, but the DST could also help the investor diversify their portfolio.

Kiplinger · Nov 13, 2023

What Are the FSA Contribution Limits for 2024?

Flexible spending account (FSA) contribution limits for 2024 are higher than last year.

Kiplinger · Nov 12, 2023

Tax Breaks for Veterans: Retirement Pay, Disability and State Tax Exemptions to Know

Veterans may be eligible for certain federal and state tax benefits.

Kiplinger · Nov 9, 2023

The Extra Standard Deduction for People Age 65 and Older

The extra standard deduction can help older adults reduce their taxable income.

Kiplinger · Nov 8, 2023

The IRS plan to let taxpayers digitally submit documents is ahead of schedule, Janet Yellen says

Taxpayers will be able to digitally submit all sorts of tax documents and other communications to the IRS months earlier than originally planned

The Independent UK · Nov 7, 2023

U.S. Rep. Michael McCaul dismisses House GOP Israel package as going nowhere

The bill is among the first major legislative packages by House Speaker Mike Johnson and has faced criticism for tying the aid to a cut to the IRS.

The Texas Tribune · Nov 6, 2023

The Story Behind Will Smith Landing The Fresh Prince of Bel-Air, And How Quincy Jones Was Involved

Let's discuss the wild story behind Will Smith landing The Fresh Prince of Bel-Air and how Quincy Jones was involved.

Cinemablend · Nov 6, 2023

Battle Lines Drawn

Plus: House GOP defies White House on Israel funding, Gaza City surrounded, SBF guilty, Republican under indictment seeks reelection

Reason · Nov 3, 2023

Democrats grow nervous over Israel’s conduct in Gaza as Senate leader vows not to consider House security bill – as it happened

Republican-passed bill also faces Biden veto threat as more Democrats call for ceasefire

The Guardian - US · Nov 3, 2023