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The Latest Breaking News from IRS

How a tax extension can delay a business loan application

Filing for a tax extension is sometimes unavoidable

The Independent UK

Rightwing legal activist accused of misusing $73m from non-profit groups

A watchdog complaint filed with the IRS presents an accounting of the money paid to Leonard Leo’s for-profit businesses

The Guardian - US

Commentary: It’s a miracle most Americans pay their taxes. Crypto could upend that norm

One of the many questions raised by cryptocurrency is how to tax this new world of digital assets. It poses real tax evasion concerns.

Los Angeles Times

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read the most diverse news in one place.

How to file your taxes and get your refund for free in 2023

Historically, April is tax time. (We will hold briefly for boos.) But there is a silver lining. Two, actually: Most people don’t need to pay for special software to file them. And if you’re fortunate enough to be a Californian, your state and federal taxes probably aren’t due until October.

Los Angeles Times

Rich get tax breaks for planes, yachts

All you have to do is make a case you’re using it for business, which turns out to be surprisingly easy

Salon

Arkansas Tax Deadline Extended After Severe Storms, Tornado

People directly impacted by the devastating Arkansas tornado and severe storms have more time to file their federal and state tax returns.

Kiplinger

IRS-authorized tax service eFile was found sending out malware

eFile Malware would give the attackers full control over the target endpoint.

TechRadar

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I Gave Myself Severe Diarrhea for Science. Don't Tax Me for It.

Eliminating taxation on compensation for being a human guinea pig is just good public policy.

Reason

Free tax filing software caught spreading malware — have you been using it?

Be careful! A free, IRS-approved tax-filing software got caught spreading malware. Have you been using it?

Laptop

New IRS leader promises faster, easier tax filing process

The Internal Revenue Service’s new commissioner promises that with billions in new funding, the agency will be faster, more service-focused and tech- savvy and will provide “real-world improvements” to taxpayers

The Independent UK

IRS-authorized tax service eFile.com distributed malware for weeks — see if you're at risk

If you used eFile.com to do your taxes within the last month you may have accidentally infected your computer with malware in the process.

Tom’s Guide

Yellen: IRS to reveal plan this week for spending $80 billion - Roll Call

Congress last year enacted the funding to crack down on tax cheats and make dealing with the agency smoother for taxpayers.

Roll Call

IRS extends filing deadline for some areas of the country

IRS extends deadline, in some cases, until the end of July.

Fortune

Millennial Money: Bank bonuses, interest may boost tax bill

If you earned a bank sign-up bonus or interest, you need to set aside some of it for taxes

The Independent UK

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The Conversation

You can't hide side hustles from the IRS anymore – here's what taxpayers need to know about reporting online payments for gig work

Do you rent out your home a few weekends a year through Airbnb? Sell stuff on Etsy? Get paid for pet-sitting? If you, like many Americans, make at least US$600 a year with a side hustle of any kind, the way you pay taxes may soon change.

Chicago Sun-Times

Candidates lob attacks at one another in contentious 46th Ward runoff race

Angela Clay, a housing organizer, finished first on Feb. 28 with 36%, while Kim Walz, a Walgreens executive, received about 26%.

Kiplinger

Stricter EV Tax Credit Rules Begin April 18

New battery and critical mineral rules for the federal EV tax credit mean that fewer EVs will be eligible for the full $7,500 tax break.

Tribune News Service

This Florida church is too political, IRS complaint says

ST. PETERSBURG, Fla. — Allendale United Methodist Church bills itself as a “social justice, anti-racist, LGBTQ affirming congregation of believers.” Its pastor, the Rev. Andy Oliver, has led the way, speaking out on inequality and perceived injustices behind and beyond the pulpit.

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news in one place.

100's of premium titles.
One news app.

Kiplinger

Self-Employed? Understanding Your Taxes Now

If you launched a side hustle last year or began freelancing, filing your taxes will present new challenges. Here’s a guide to get you started.

Kiplinger

After Tornado, IRS Extends Tax Deadline for Mississippi

People impacted by the devastating Mississippi tornado have more time to file their federal tax returns.

Reason

Brickbat: Dead Again

In 2018, Jaxen Dyson's father died. Despite having only a last name in common with his dad, the Social Security Administration declared Jaxen dead. It took her several months, but Jaxen's mother thought she'd cleared the matter up. She even got a letter from the Social Security Administration saying Jaxen…

Los Angeles Times

Is Trump going to be arrested? Answers to questions about the former president’s legal troubles

Former President Donald Trump set an unenviable record while occupying the White House, becoming the first president to be impeached twice by the House of Representatives.

Salon

Credit Suisse helped rich dodge taxes

"Republican budget cuts have decimated the IRS's ability to root out this kind of offshore tax evasion scheme"

Tom’s Guide

TaxSlayer Classic 2023 (tax year 2022) review

TaxSlayer Classic covers all tax scenarios, but it’s not a good choice for crypto holders.

Kiplinger

IRS: Don't Trust All Social Media Tax Tips

The IRS warns that not all social media tax advice should be trusted.

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