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The Latest Breaking News from IRS

IRS Sues GOP Senator Jim Justice Over Millions In Unpaid Taxes

US tax authorities are suing Senator Jim Justice in a sweeping civil case claiming more than £4 million ($5.16 million) in unpaid federal income taxes dating back to 2009.

International Business Times UK

Tori Spelling's Shocking Debt: Actress Owes $1.3 Million to the IRS and the California Franchise Tax Board

Divorce filings reveal Tori Spelling's staggering debt. She and Dean McDermott face a $1.7M tax bill to the IRS and state, exposing her turbulent financial past and uncertain future.

International Business Times UK

Cyber Monday Crash Course: How One Online Shopping Habit Can Turn a Hustle Into a Headache

Cyber Monday is a goldmine for savvy shoppers, and a launchpad for thousands of side hustles. From flipping discounted electronics to reselling limited-edition sneakers, many people use the day’s deals to stock up and sell for profit. But what starts as a smart move can quickly spiral into a logistical…

Beating Broke

From analysis to the latest developments in health,
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Humphrey Yang: Make These 3 Financial Moves Before 2025 Ends

Personal finance expert Humphrey Yang recommended making these three last-minute financial moves.

GOBankingRates

Avoid the Audit Trap: The New IRS Rule on Roth Contributions You Missed

The IRS has finalized new regulations that could catch many retirement savers off guard. Starting in 2026, if you earn $145,000 or more in wages,...

Saving Advice

Nonprofit news outlets are often scared that selling ads could jeopardize their tax-exempt status, but IRS records show that’s been rare

Although advertising revenue largely sustained the news media in the 20th century, it’s been harder to come by in the digital age. News media outlets just aren’t as important these days for advertisers when they can reach potential customers so many other ways, including through social media.

The Conversation

DOGE 'Still Exists' — and So Does Your Data: What Happens to the Info It Collected?

The DOGE website still exists but the Office of Personnel Management director confirmed the agency no longer exists.

International Business Times UK

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Elon Musk once called DOGE ‘the chainsaw for bureaucracy,’ but it has quietly ceased to exist well ahead of schedule, report says

“But, the principles of DOGE remain alive and well: de-regulation; eliminating fraud, waste and abuse; re-shaping the federal workforce; making efficiency a first-class citizen; etc.”

Fortune

Avoid Audit Flags: The IRS Mandate Every Consultant Refuses to Explain

The IRS enforces a complex set of rules designed to ensure compliance and fairness in the tax system. While most taxpayers focus on deductions and...

Saving Advice

IRS relaxes ‘no tax on tips law’ so more workers can take advantage. Here’s who will benefit

Treasure Department’s tax collector said it was providing temporary ‘transition relief’ to workers in certain jobs that otherwise wouldn’t have been eligible for ‘no tax on tips’

The Independent UK

Some Democrats Urge the Military To 'Refuse Illegal Orders.' What if the IRS, ATF, and EPA Did the Same?

Much of what the federal government does on a daily basis flouts constitutional protections and offends human decency.

Reason

Exclusive: IRS deploys AI agents

Government agencies are increasingly incorporating AI into their workflows.

Axios

Former IRS Chiefs See Rocky Road Ahead For The Agency

Former IRS commissioners warn the agency could stumble into the next filing season if Congress lets funding lapse again and staffing losses persist.

Benzinga

Are Your Social Security Benefits Actually Taxable Under This Clause?

If you thought your Social Security benefits were always tax-free, you’re not alone—but you might be in for a surprise. Millions of retirees each year...

Saving Advice

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We Got This Covered

Indiana toddler force-fed through feeding tube just so his mom could rake in dollars, cops allege

The child only lost weight when she was with her mother.

Benzinga

Trump Administration Projects 'Record-Breaking' Tax Refunds For 2026 —Tax Payers Can Expect 'Extra $1,000 Bump'

American taxpayers might be looking at a windfall next year, with the Donald Trump administration projecting that the 2026 tax filing season will deliver the largest average refunds on record.

Saving Advice

The RMD Deadline Looms: Why Seniors Should Act Before December 31

Tax‑deferred retirement accounts like traditional IRAs and 401(k)s allow contributions to grow without immediate taxation. But the IRS eventually requires withdrawals to ensure taxes are...

The Independent UK

Trump plans on raising $1B to build his presidential library in downtown Miami

The foundation is expected to receive more than $50 million this year in funds stemming from Trump’s settlements with media companies

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Benzinga

Retirees Often Face Higher Taxes After A Spouse Dies: Steps To Avoid 'Survivor's Penalty' From The IRS

Losing a spouse can deliver a second blow after grief, which is a higher tax bill. Financial planners warn that the so-called "survivor's penalty" can sharply raise lifetime taxes if couples don't plan.

inkl

Precious Metals Allocation: Diversifying a Retirement Portfolio

In order to create a sustainable retirement plan, you're going to want to balance growth with protection

GOBankingRates

Standard vs. Itemized Deductions: A Simple Guide To Choosing the Right Path

For those not versed in the lingo of taxes, the distinction can be confusing. But understanding which path is right for you can mean a lot of money in savings.

The Independent UK

The 3 smartest things to do with your tax refund, according to experts

The average tax refund in 2025 was more than $3,000

Benzinga

White House Muses Giving The IRS Insight Into Offshore Holdings Of US Citizens

The White House is weighing a proposal that could give the IRS direct visibility into Americans' offshore crypto accounts, signaling the biggest shift in U.S. digital-asset oversight in years.

The Independent UK

IRS federal income tax brackets are changing in 2026. Experts reveal what this means for you

These changes will impact taxpayers when they file in 2027

The Free Financial Advisor

8 Tax Moves That Save You When You Can’t Pay the IRS on Time

The start of tax season can create panic because your financial records do not align with your expected results. The feeling of being unable to pay your IRS debt becomes overwhelming, but you can prevent it from getting out of hand. You can reduce expenses through various financial strategies that…

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