The Latest Breaking News from IRS

President Donald Trump on Tuesday offered his assurances that U.S. troops would not be sent to Ukraine to defend against Russia, after seeming to leave open the possibility the day before

The allure of the side hustle is stronger than ever. It’s a fantastic way to pursue a passion, build a brand, and earn extra income. But in the excitement of launching your new venture, it’s easy to overlook the web of local rules and regulations that govern commerce. What starts…

Peer-to-peer (P2P) money apps like Zelle, Venmo, and Cash App have revolutionized the way we exchange money. Splitting a dinner bill or paying a friend back for concert tickets is now as easy as tapping a few buttons on your phone. But this convenience comes with significant risks. These platforms…

Moving to a new home is an exciting milestone, but it’s also a major financial event with complex tax implications that most people overlook. While you’re focused on packing boxes and hiring movers, the IRS and state tax agencies are watching. Many common actions taken during a move can trigger…

Credit cards can be powerful financial tools when used wisely, offering rewards, convenience, and fraud protection. However, they can also be dangerous when swiped for the wrong purchases. Many people fall into the trap of using credit for items that quickly lead to high-interest debt and financial stress. Knowing which…

Few things create more anxiety than receiving unexpected mail from the IRS. Even if you are confident your tax return was accurate and submitted on time, certain notices can indicate potential problems. These letters often require a timely response and may involve additional documentation, payments, or explanations. Knowing the meaning…

Waiting for a refund can be more stressful than you expect. Whether it’s from the IRS, a retailer, or a service provider, scary refund delays can actually cost you money. Not only do you lose access to your cash, but you may also face missed opportunities or extra expenses. Many…

Your financial history is more public than you might think. Many details about your money life are available for anyone to access through public records....

For many older couples, filing a joint tax return seems like the most logical choice. It often comes with a lower overall tax rate and simplified paperwork. However, the decision can also trigger an unpleasant surprise — certain valuable tax credits may shrink or vanish entirely. Understanding why some senior…