The Latest Breaking News from IRS

All That Glitters Is Usually Taxable: Gold and Silver Tax Rules

Profits from selling physical gold and silver, and even some precious metal funds, are taxed differently from other investments.

Kiplinger · Mar 25

Americans spend $146 billion and 11.6 billion hours doing their taxes, and most of it is just filling out paperwork

There are more than 10,000 forms you have to sort through to file your taxes, and the fear of going to jail over a mistake has never been higher.

Fortune · Mar 24

Republican Sen. Rick Scott sues Booz Allen Hamilton over leaked tax returns

Scott's tax returns were leaked by an IRS contractor working through the firm.

Axios · Mar 24

3 Tax Mistakes Boomers Are Most Likely To Make — and How To Avoid Them

Before submitting your tax returns, make sure you're aware of these common tax errors that can cost you money or potentially get you in trouble with the IRS.

GOBankingRates · Mar 24

Maryland Small Businesses: The New $20,000 IRS Rule Won’t Protect You from the State’s $600 Annual Fee

Small business owners in Maryland may have been looking forward to a bit of a tax break this year. The IRS reinstated the 1099-K reporting...

Saving Advice · Mar 23

The IRS Is Flagging More Returns This Year—And One Detail Keeps Triggering Reviews

A tax return can move smoothly from submission to refund, or it can hit a wall that stops everything cold. This year, that wall shows up more often, and one specific detail keeps setting it off. The IRS has increased scrutiny in key areas, and that shift has changed how…

The Free Financial Advisor · Mar 23

The IRS Credit Many Families Miss Every Year

A tax credit sits in the system right now that can put thousands of dollars back into a household budget, yet millions never claim it. Not because it hides behind complicated loopholes or requires expert-level knowledge, but because people either assume they do not qualify or never take the time…

Everybody Loves Your Money · Mar 23

I’m a CPA: Here’s What Happens if You Underpay Estimated Taxes

GOBankingRates spoke with a CPA and tax attorney about what happens when estimated taxes go unpaid and how the costs can escalate.

GOBankingRates · Mar 23

Is Quality Furniture Officially a Scam? Why Filling a New Home in 2026 is Destroying Senior Nest Eggs

Every year, seniors step into the new-home market with dreams of creating a space that feels both elegant and cozy. The problem? The furniture industry has quietly morphed into a high-stakes game where price tags suggest durability, but reality tells a different story. In 2026, filling a house with “quality”…

The Free Financial Advisor · Mar 22

Is it Too Late at 45? How to Use the Mega Backdoor Roth to Dump Tens of Thousands into Retirement in One Year

Retirement planning doesn’t have to feel like a distant dream slipping further away with every passing birthday. Hitting 45 often sparks the panic of lost time, but here’s the truth: one powerful strategy can accelerate retirement savings faster than most traditional methods. The Mega Backdoor Roth gives high‑income earners a…

The Free Financial Advisor · Mar 22