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The Latest Breaking News from IRS

9 Tax-Time Decisions That Could Trigger a Surprise Audit

Tax season can feel stressful, even if you think you’ve done everything right. But some choices you make on your tax return can raise red flags with the IRS. No one wants to get that audit letter in the mail. Audits can take up your time, cost you money, and…

Clever Dude

18 People Share Popular Misconceptions About Their Jobs

Internet users share the professions and jobs they think are wrongfully hated and why we actually need them.

Bored Panda

“Good Deeds” That Could Lead to Tax Audits

Doing the right thing feels good. You donate to charity, help out a friend, or support your community. But sometimes, these “good deeds” can catch the attention of the IRS. Many people don’t realize that certain acts of generosity or support can trigger a tax audit. The IRS isn’t trying…

Clever Dude

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The Trump administration has begun garnishing wages of student loan borrowers in default. These are the benefits businesses can offer employees to help with their debt

“Business leaders can't ignore this financial pressure anymore.”

Fortune

Trump signs One Big Beautiful Bill: What that means for your money

The bill will have ripple effects throughout the economy—and Americans’ bank accounts.

Fortune

6 Times Retirees Accidentally Committed Fraud—Without Knowing It

Retirement is supposed to be a time of relaxation, not a legal minefield. But for many seniors, a simple oversight or misunderstanding can accidentally lead to retirement fraud. These unintentional missteps can involve Social Security, Medicare, taxes, or benefits, often without the retiree ever realizing they’ve broken a rule. Unfortunately,…

Clever Dude

Tax Shock: 11 Unexpected Taxes for New Parents

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Kids Ain't Cheap

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Side Hustles That Look Legit—Until They Break Tax Laws

Looking for ways to earn extra cash? Side hustles are everywhere, promising flexible hours and quick money. But while many side gigs seem harmless, some can get you into hot water with the IRS if you’re not careful. The line between a legit side hustle and a tax headache is…

The Free Financial Advisor

Is Your Bank About to Drop an Unexpected $1,400? The Shadowy Origins of 2025's 'Fourth Stimulus' Rumours—And How to Tell a Windfall From a Scam

Rumours of a new $1,400 stimulus cheque are everywhere, but what's real? Discover what the IRS is actually sending in 2025 and how to avoid fraud.

International Business Times UK

9 Bills That Become Unpayable the Moment Someone Dies

When a loved one passes away, the bereaved family is left to navigate a maze of emotional and financial responsibilities. One of the most pressing concerns is settling the deceased’s outstanding debts. While it’s a common misconception that all debts are inherited, the reality is more complex. Certain types of…

Budget and the Bees

The GOP's $4.5 trillion spending bill creates a parallel, harsher tax system for immigrants and their relatives

The bill just passed by the Senate excludes immigrants and their citizen relatives from certain tax credits while dramatically hiking the fees immigrants must pay to access the asylum system.

Fortune

6 Banking Practices That Trigger Federal Scrutiny Without Warning

Most people think they’re flying under the radar when it comes to federal financial surveillance. You deposit a check, use your debit card, pay some...

Saving Advice

10 Home Renovation Choices That Could Jeopardize Your Tax Benefits

Renovating your home can be exciting—finally installing that dream kitchen, upgrading outdated plumbing, or turning your unfinished basement into a cozy guest suite. But while...

Saving Advice

8 Times Government Agencies Sold Your Data Without Telling You

You’d expect companies to profit off your personal data. It’s practically the price of using the internet. But when the government, the very institution meant...

Saving Advice

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Budget and the Bees

9 Government Letters That Should Never Arrive in Your Mailbox

Your daily mail is usually a mix of bills and junk mail. However, certain official envelopes can make your heart stop. A letter from a government agency often signals a serious issue. While many are routine, some letters indicate significant financial or legal trouble. You should treat these nine specific…

Fortune

'No tax on tips' sounds great until you explore the history—as many will soon discover

Untaxed tips are an invitation to fraud, and bosses and customers react to them in unpredictable ways.

inkl

X Key Reasons Accurate W-2s Matter for Employers

When tax season rolls around, there’s one form that employers absolutely cannot afford to fumble: the W-2

Clever Dude

8 Retirement Side Hustles the IRS Is Quietly Watching This Year

Side hustles are no longer just for millennials trying to crush student debt—retirees are getting in on the action, too. From freelancing to flipping furniture, older Americans are using side gigs to supplement Social Security and savings. But there’s one big catch: the IRS is watching. In recent years, the…

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news in one place.

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Saving Advice

What Happens If You Use Retirement Funds to Pay Off Credit Cards

Credit card debt can feel like a heavy weight. The interest piles up, and the balance never seems to shrink. When you’re staring at a...

Benzinga

This Tech Upgrade Could Save Investors Thousands in Taxes—Automatically

Artificial intelligence is taking over tax preparation at major brokerage houses, easing the burden on small and large investors. That means less time poring through spreadsheets, looking to save pennies, and more time growing long-term assets.

Clever Dude

5 Retirement Accounts That Can Be Frozen Without Advance Warning

Retirement accounts are supposed to be safe places for your money. You work hard, save, and expect those funds to be there when you need them. But what if you woke up one day and found your retirement account frozen? It happens more often than you might think, and it…

Benzinga

Coinbase Legal Head Vows To 'Continue The Fight' After Supreme Court Rejects Appeal To Block IRS From Accessing User Data

The Supreme Court rejected Monday an appeal to block the Internal Revenue Service from accessing Coinbase Global Inc.'s (NASDAQ:COIN) user data.

Benzinga

Thom Tillis Pulls Out Of 2026 Re-Election Run After Saying He 'Cannot Support' Trump-Backed 'One Big Beautiful Bill', President Calls It 'Great News'

Sen. Thom Tillis (R-N.C.) said Sunday he will not run again in 2026, a decision that landed less than 24 hours after he crossed President Donald Trump on a marquee tax-and-immigration bill and drew an instant primary threat.

Benzinga

Congressman Says 'Nobody Asked For The IRS To Be Americans' Tax Preparer,' Applauds Efforts To Shut Down The IRS Direct File Program

Rep. Jason Smith (R-MO) is celebrating the House-passed bill that would shut down the Internal Revenue Service Direct File program, a free federal tool that allows Americans to file taxes online without paying private companies.

Fortune

Bitcoin and crypto investors hit with flood of IRS letters, say tax experts

Crypto tax platform CoinLedger cites a ninefold increase in users asking about IRS letters.

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