The Latest Breaking News from IRS

Trump’s immigration crackdown could cost nearly $500B in lost taxes over the next 10 years

Undocumented immigrants may be deterred from filing after the IRS agreed to share taxpayer data with ICE

The Independent UK · May 18

Trump dismisses $10bn suit against IRS and creates $1.7bn ‘anti-weaponization’ fund

Democrats criticize deal as a slush fund that ‘funnels taxpayer dollars’ to president’s political allies

The Guardian - US · May 18

Make Under $500,000 a Year? Your IRS Audit Risk Is Under 1% — But One Common Mistake Can Change That

IRS audits have decreased significantly, especially for high earners, but taxpayers should still file accurately to avoid scrutiny. The IRS may focus on high-risk cases despite fewer audits.

International Business Times UK · May 18

How a Single Missed Form Can Freeze Your Refund for Weeks

Tax season feels simple on the surface, but one tiny paperwork slip can send everything into a slow-moving maze of IRS processing delays. A refund that should land in a bank account within weeks can suddenly stall for a month or longer, all because one required form never made it…

The Free Financial Advisor · May 17

The IRS’s “Math Error” Notice Could Cost You More Than You Think

The IRS rarely makes big announcements without consequences hiding behind the fine print, and the “Math Error” notice stands out as one of the most overlooked. This notice often arrives after a tax return review and signals that something on a return does not add up according to IRS systems.…

The Free Financial Advisor · May 17

Nuclear Subs in Europe, Ridicule in Beijing: Inside Donald Trump's Chaotic Week of Foreign Policy

A US nuclear submarine's presence in Gibraltar has prompted UK risk warnings amid escalating tensions over Donald Trump's Iran strategy, while in Beijing Chinese social media is mocking him as 'Trump the Country Builder.'

International Business Times UK · May 17

8 Tax Filing Habits That Are Quietly Triggering Refund Delays

Tax season often feels like a race against the clock, but rushing through it can quietly cost time instead of saving it. Many Americans expect their refunds to land quickly, yet small mistakes frequently push those payments into long delays. The IRS processes millions of returns, and even minor errors…

The Free Financial Advisor · May 17

Trump news at a glance: billions of taxpayer dollars could go to president and his allies in unprecedented move

If case is settled for full amount Trump is requesting, a $10bn payment would more than double his family’s net worth

The Guardian - US · May 17

'Congress Could Impeach' Trump Over $1.7B Fund Drawn from Public Money, Says Melber

MSNBC host Ari Melber suggests impeachment for Trump over a $1.7 billion fund, raising concerns about executive power and taxpayer money usage amid political tensions.

International Business Times UK · May 16

Democrats Are Slamming Trump's Proposed $1.7 Billion IRS Settlement as a 'Plunder'

Democrats condemn a reported $1.7bn Trump IRS settlement as a taxpayer 'slush fund' for his allies as an approaching court deadline intensifies scrutiny of the opaque proposed deal.

International Business Times UK · May 16