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The Latest Breaking News from IRS

TEA Exoneration of Mike Miles’ Charter Schools Leaves Questions Unanswered, Raises New Ones

An agency report challenging media stories overlooks the charter schools’ compliance with federal tax and state business laws, on the watch of the now-HISD superintendent, while revealing new out-of-state payments.

Texas Observer

LLCs: Power Tools That Can Create Big Problems

Forming an LLC for your business might seem like a straightforward endeavor, but if you don't know exactly what you're doing, trouble could follow.

Kiplinger

Gifting Stocks This Holiday Season? Adviser Says It's A Smarter Way To Transfer Wealth, Lower Taxes

Gifting stocks to IRS-recognised charities can lower your annual tax liabilities. Meanwhile, transferring stock ownership to children can help them achieve their long-term financial goals from an early age.

International Business Times UK

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Tax Pros: Is Someone Fraudulently Filing Returns With Your PTIN?

An unmonitored preparer tax identification number (PTIN) can lead to serious issues.

Kiplinger

Trump IRS Commissioner Billy Long Out: What's Next for the Tax Agency?

An unconventional commissioner came and went amid broader efforts to reshape the IRS and tax policy in 2025.

Kiplinger

Year-End Retirement Tax Planning Actions if You Have $1 Million or More

Consider implementing these four strategies before December 31 to potentially improve your tax situation for this year and the future.

Kiplinger

IRS Compares Criminal Successes This Year To Taking Down Al Capone

The IRS released its annual criminal investigation report, with its chief comparing this year's successes as significant as their infamous takedown of Al Capone.

International Business Times

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Why Trump could be the unlikely savior of biofuels

Unnecessary delays by the Biden administration in issuing critical tax credit guidance have left farmers and fuel producers in limbo.

Fortune

Congress Claws Back Another $20 Billion from the IRS

The tax agency's IRA funding was stripped further due to a legislative error.

Kiplinger

Avoid These Seven Common RMD Mistakes to Save on Your 2025 Retirement Taxes

RMD mistakes can lead to IRS tax penalties and in some cases, more taxable income than necessary.

Kiplinger

It's Time To End Double Taxation for Americans Living Abroad

Most people don't realize it, but if you're a U.S. citizen, the IRS wants to know about all the money you earn, no matter where in the world you earn it.

Reason

Donald Trump Selects Billy Long As IRS Commissioner

President-elect Trump nominates Billy Long, a seasoned professional, as IRS Commissioner, emphasizing his business experience and dedication to public service.

Top News

Ex-Missouri lawmaker Billy Long is Trump's pick for IRS commissioner - Roll Call

Former Rep. Billy Long, R-Mo., got the nod from President-elect Donald Trump on Wednesday to be his nominee for IRS commissioner.

Roll Call

Your MAGI in Retirement: Year-End Tax Strategies to Save Money

Strategic moves now can make a difference in your modified adjusted gross income (MAGI) when it’s time to file your return.

Kiplinger

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news in one place.

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Kiplinger

Gifting While You're Alive and Kicking: Tax Benefits and Tips

Why wait until you're gone to help the people and causes you love? Get a jump-start on gifting and see all the good you can do.

Kiplinger

Holiday Office Party Taxes: Know Before You Go

The IRS could tax your gifts from Christmas raffles, Secret Santa, and White Elephant. Here’s how.

The Conversation

New IRS funding boosted tax enforcement and improved taxpayer services during the Biden administration

The Internal Revenue Service has ramped up its efforts to recover unpaid taxes from millionaires. It collected more than US$1.1 billion from 1,600 wealthy Americans with known but unpaid tax debts in the 2024 fiscal year, up from just $38 million a year earlier.

Latin Times

What's New In FAFSA? A Comprehensive Guide For Students Filing in 2025-2026

Students can now begin filing their FAFSA applications and send their information to up to 20 colleges to determine the amount that they may receive as a grant for the upcoming academic year.

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news in one place.

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International Business Times

What's New In FAFSA? A Comprehensive Guide For Students Filing For 2025-2026

Students can now begin filing their FAFSA applications and send their information to up to 20 colleges to determine the amount that they may receive as a grant for the upcoming academic year.

Kiplinger

What Is Capital Gains Tax Deferral?

Spoiler alert: It's the secret weapon of savvy real estate investors. Here's how it works and details about the tools you need to do it.

Kiplinger

Don't Leave Your Heirs an IRA Tax Bomb

Your traditional IRA has served you well, but when your heirs inherit it, watch out. Consider some of these strategies to minimize their tax burdens.

Kiplinger

Tax Software vs a Tax Professional: Which Should You Choose?

The simple answer is a question: How complex are your taxes? Here's how you can decide whether you can go the easy route or need the help of a pro.

The Guardian - US

Elon Musk calls to ‘delete’ US consumer finance watchdog

Tech billionaire tapped by Trump posts on X about wanting to eliminate Consumer Financial Protection Bureau (CFPB)

Al Jazeera

Trump ally Elon Musk calls to ‘delete’ US consumer protection bureau

Musk, a confidant of the president-elect, is set to co-lead Trump’s newly created Department of Government Efficiency.

Top News

U.S. Treasury Urges Congress To Unlock Billion

U.S. Treasury officials push for billion IRS enforcement funds to avoid deficit increase and audit reductions.

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