The Latest Breaking News from IRS

Estate Tax vs Inheritance Tax: Who Actually Pays the Bill?

Estate tax and inheritance tax are both often referred to as "death taxes," but they aren’t the same when it comes down to who pays.

Kiplinger · Jul 22

What a Delaware Statutory Trust Can Do for Your Kids That Your Will Can't

Delaware Statutory Trusts (DSTs) can keep capital gains taxes at bay when your children inherit your property. But you need to handle them smartly.

Kiplinger · Jul 22

IRS chief Frank Bisignano denies ‘spying’ on colleagues’ emails at JPMorgan Chase

IN FULL

The Independent UK · Jul 22

Trump’s IRS boss spied on colleagues’ emails when he worked at JPMorgan: report

Bisignano denied allegation that he had spied on colleagues while serving as an executive of JPMorgan Chase

The Independent UK · Jul 21

New Study Reveals How Much Tax You'll Pay Over Your Lifetime

It's no secret that many people feel squeezed by taxes. A new analysis shows just how much various levies add up and which state has the highest tax burden over time.

Kiplinger · Jul 21

8 Gift Tax Questions Parents Should Ask Before Helping Adult Children

Helping adult children with a down payment, college debt, a business idea, or a major life expense can feel like one of the best parts of being a parent. Before transferring money, though, parents should ask important gift tax questions to avoid unexpected tax complications and create a smarter plan…

The Free Financial Advisor · Jul 20

Lost Money to a Scam? You Could Still Owe the IRS: Congress Aims to Fix That

The Tax Relief for Fraud Victims Act offers crucial tax deductions and removes IRS penalties for scam victims, alleviating unfair financial burdens. Learn more about this vital legislation today.

International Business Times UK · Jul 20

Spain Wins FIFA World Cup, But IRS May Be Biggest Winner: Here's Why

In a thrilling conclusion to the World Cup championship, Spain emerged as the victor, securing the $50 million first-place prize from FIFA. However, this victory is not without its financial implications, as the winnings are subject to taxation by the Internal Revenue Service (IRS).

Benzinga · Jul 20

Spain Won $63.5M at the World Cup: Why Players, Coaches, and Staff Could Still Owe US Taxes

Spain triumphs in the 2026 FIFA World Cup, securing a total $63.5M prize. Discover how US tax implications could impact the earnings of players, coaches, and staff.

International Business Times UK · Jul 20

5 Little-Known Senior Tax Deductions in 2026

Some may sound like myths, but these unique tax write-offs can be approved under strict IRS medical guidelines — provided you have the right paperwork.

Kiplinger · Jul 19