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The Latest Breaking News from IRS

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

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Renovating your home can be exciting—finally installing that dream kitchen, upgrading outdated plumbing, or turning your unfinished basement into a cozy guest suite.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

Budget and the Bees

'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.

Fortune

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

inkl

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…

Clever Dude

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...

Saving Advice

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.

Benzinga

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…

Clever Dude

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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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Benzinga

Why Crypto Investors Are Receiving Internal Revenue Service Warning Letters

According to CoinLedger CEO David Kemmerer, thousands of U.S. crypto investors have recently received warning letters from the Internal Revenue Service (IRS), marking a significant escalation in the agency's efforts to enforce tax compliance in digital assets.

The Free Financial Advisor

10 Tax Questions Too Embarrassing to Ask Your Accountant

Tax season can feel like a pop quiz you never studied for, and sometimes the questions swirling in your head seem too awkward to say out loud. Maybe you’re worried your accountant will judge you, or perhaps you think you should already know the answer. The truth? Everyone has embarrassing…

Saving Advice

The Weirdest Things People Have Tried to Write Off on Their Taxes

Filing taxes can be stressful, confusing, and sometimes even a little funny. Every year, people look for ways to lower their tax bills, and some...

International Business Times

The Financial Partners Founder On How Smart Business Leaders Are Building Tax-Free Wealth Using Other People's Money

Michael (Mike) Smith, Managing Partner and founder of The Financial Partners Group (TFP), believes more business owners and high earners should be asking.

Kiplinger

What is the IRMAA (Income-Related Monthly Adjustment Amount)?

IRMAA is a surcharge added to your Medicare Part B and Medicare Part D prescription drug coverage premiums if your income is above a certain level. Here's what you need to know.

Kiplinger

No Social Security Tax Changes in Trump’s 'Big Bill'? What Retirees Need to Know

Eliminating taxes on Social Security benefits is missing from President Trump’s tax overhaul. Here’s why and what an alternative offering could mean for retirement taxes.

The Independent UK

Trump may have just compromised Israeli secrets – again

ANALYSIS: Donald Trump used the Nato summit to suggest that Israeli agents are on the ground at Iran’s nuclear facilities – it’s not the first time he's blurted secrets, writes world affairs editor Sam Kiley from Tel Aviv

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