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The Latest Breaking News from IRS

The IRS Is Required To Protect Kids From Identity Theft. They're Not Complying.

One in four kids will be the victim of identity theft or fraud. Here's how the government is making it worse.

Reason

Year-End RMDs: 10 Ways to Invest, Spend or Donate Them

The deadline for taking Required Minimum Distributions (RMDs) is December 31. And yes, shopping or travel might be in order.

Kiplinger

Three 'Yellowstone' Estate Planning Lessons

We can learn a lot from John Dutton's estate planning mistakes. Here are just a few that relate to families in general and family businesses in particular.

Kiplinger

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IRS Recovers .7 Billion In Back Taxes And Proceeds

IRS recovers .7 billion in back taxes and crime proceeds amidst funding challenges and leadership transitions.

Top News

How Collectibles Are Taxed: A Closer Look at Capital Gains Rules

Gains on collectibles like gold can be subject to a higher rate than for most other investments.

Kiplinger

Retirement Abroad? Three Countries Without Inheritance Tax

These 2025 top-retiree-friendly countries have an added benefit: potential tax savings for you and your heirs.

Kiplinger

Five Tax-Savvy Ways To Donate This Holiday Season

Food pantries, toy drives, and animal sanctuaries are popular ways to support others year-round.

Kiplinger

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‘Cynical cash grab’: FBI chief nominee Kash Patel’s profitable links in the non-profit world

Patel’s non-profit Kash Foundation is linked to Maga-merchandise firms and spends much more on fundraising than it does on charitable giving

The Guardian - US

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

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

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news in one place.

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International Business Times

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.

Fortune

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.

Kiplinger

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.

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news in one place.

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Reason

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.

Top News

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.

Roll Call

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.

Kiplinger

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

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.

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