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The Latest Breaking News from IRS

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.

Benzinga

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…

The Free Financial Advisor

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...

Saving Advice

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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.

International Business Times

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.

Kiplinger

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

The Independent UK

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Kennedy's new vaccine advisers meet for first time

U.S. Health Secretary Robert F

The Independent UK

Trump's budget bill could complicate 2026 tax filing season after IRS cuts, watchdog warns

The budget bill championed by President Donald Trump could complicate next year’s tax filing season after the IRS lost one-quarter of its employees through staffing cuts

The Independent UK

6 Surprising Things That Are Actually Taxable

Taxes are a part of life, but most people only think about their paycheck or maybe a side hustle when tax season rolls around. The...

Saving Advice

'I Assumed It Was A Scam Letter At First!' Social Security Claims Woman Was Overpaid By $20,491 After Making $275K Last Year

When a retiree received a letter from the Social Security Administration claiming she owed over $20,000 due to excess income in 2024, her family thought it had to be a scam. The letter stated she earned $275,367 during the year — an amount her family says is impossible. The woman…

Benzinga

7 online scams that can leave you broke, exposed, and feeling helpless — how to stay safe

Scammers are constantly switching up their tactics to get you to fall for their tricks, which is why knowing how to spot an online scam has never been more important.

Tom’s Guide

Think Twice Before You Tap Your 401(k) Early

Penalty-free distributions have become more accessible, but they can be detrimental to your retirement security.

Kiplinger

$1000 Monthly Stimulus Cheque Planned for the US in 2025? Who Qualifies and What's the Mechanism?

California's Abundant Birth Project offers £800 ($1000) monthly to pregnant women, tackling financial stress and improving birth outcomes. Learn who qualifies and how it works

International Business Times UK

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Clever Dude

6 Millionaires Who Exploited Loopholes to Avoid Taxes

Tax season is when the average American tightens their belt, digs through receipts, and hopes for a decent refund. For the ultra-wealthy, however, it’s a whole different game—one that often involves complex strategies, high-powered accountants, and the ability to legally dodge what most people consider a civic duty. The rich…

Kiplinger

Divorce and Your Home: An Expert's Guide to Avoiding a Tax Bomb

Your home is probably your biggest asset, so if you're getting a divorce, the stakes are high. Keep it? Sell it? You need to have a good plan in place for how to handle it.

Clever Dude

12 Government Policies That Quietly Protect the Wealthy

In the grand theater of politics, much of the focus is placed on helping the middle class and uplifting the poor. Speeches are filled with promises of fairness, equality, and opportunity. But behind the curtains, there exists a series of policies that do the exact opposite.

Clever Dude

7 Things the IRS Doesn’t Want You to Understand

Every year, millions of Americans dread the moment they have to deal with the Internal Revenue Service. Whether it’s filing taxes, managing an audit, or simply trying to make sense of deductions, the system feels deliberately confusing. While the IRS isn’t necessarily hiding secrets in a malicious way, there are…

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news in one place.

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The Independent UK

‘Ninja’ Scott Bessent says Elon Musk fancies himself as ‘a viking’ as he tries to downplay their feud

Treasury secretary and former head of DOGE clashed in West Wing in April within earshot of Donald Trump in Oval Office

The Free Financial Advisor

12 Tax Deductions You’re Probably Missing (And Leaving Money on the Table)

Tax season can feel overwhelming, but it’s also a golden opportunity to keep more of your hard-earned money. Every year, millions of Americans miss out on valuable tax deductions simply because they don’t know they exist or assume they don’t qualify. These overlooked tax deductions can add up to hundreds…

The Free Financial Advisor

10 Times the IRS Was the Least Scary Option

When most people hear “IRS,” their first reaction is a shiver down the spine. The Internal Revenue Service has a reputation for being intimidating, and for good reason—no one wants to get on the wrong side of a tax audit. But what if the IRS isn’t always the villain in…

Clever Dude

“I Haven’t Filed Taxes in Years”: What to Do (Don’t Panic!)

Falling behind on taxes is more common than you might think, but it can feel overwhelming and isolating. Maybe life got busy, you lost track of deadlines, or you just didn’t know where to start. If you’re thinking, “I haven’t filed taxes in years,” you’re not alone and out of…

Budget and the Bees

The Cities With the Most IRS Audits Last Year

No one wants to see a letter from the IRS in their mailbox. An audit is a stressful and costly process for anyone. Many people wonder what triggers this dreaded attention. Surprisingly, your location can play a big role in your risk. Let’s explore the cities where IRS audits are…

Kiplinger

Don't Miss These Four Tax Breaks for Americans Living Abroad in 2025

U.S. expats can reduce their tax burden by taking advantage of a handful of tax credits and deductions.

Everybody Loves Your Money

7 Financial Hacks That Sound Illegal (But Aren’t)

There’s something thrilling about discovering a loophole that saves money, especially when it feels like it’s bending the rules—without actually breaking them. In a world where every dollar seems taxed, tracked, or tagged, some financial tricks can feel too good to be true. But not every money-saving move is shady;…

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