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The Latest Breaking News from IRS

Three IRS Tax Deadlines for June 17

There are some important June IRS tax deadlines you shouldn’t overlook.

Kiplinger

IRS decides people who got money from Norfolk Southern after Ohio derailment won't be taxed on it

Most people who received money from Norfolk Southern in the wake of last year’s fiery train derailment in eastern Ohio won’t have to pay taxes on millions of dollars in aid payments after all

The Independent UK

House Members Urge POTUS To Help Free Binance Exec 'Wrongfully Detained' In Nigeria

A group of House representatives have asked the U.S. President to transfer Tigran Gambaryan's case to the Office of the Special Presidential Envoy for Hostage Affairs following his reported health deterioration in Nigerian custody.

International Business Times

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“Get A Job”: Michael Jackson’s Kids Can’t Get Money From His Estate Due To IRS Dispute

"The Estate works with them to ensure that they are very well taken care of, just as Michael would have wanted," the singer's estate said in a statement. The post “Get A Job”: Michael Jackson’s Kids Can’t Get Money From His Estate Due To IRS Dispute first appeared on Bored…

Bored Panda

Five Ways to Catch Up on Retirement Savings

If you’re in your highest-earning years, you can make up for lost time.

Kiplinger

Michael Jackson's children blocked from late singer's trust over '$700m tax bill'

Michael Jackson’s three children and his mother have been blocked from receiving funds from the late singer’s trust until a hefty tax bill has been settled.

Evening Standard

IRS Direct File program will now be a permanent option for taxpayers across all states

IRS Direct File pilot program was first rolled out this year. Now it will be a permanent option for taxpayers looking to file their returns online for free.

Latin Times

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The IRS is keeping its free tax filing service for the foreseeable future

Taxpayers were so happy with Direct File that the IRS has unveiled plans for a US-wide rollout.

TechRadar

How to Assess and Sell Your Collectibles

A look at how to assess and sell collectibles that you keep, including jewelry, coins, sports memorabilia and more.

Kiplinger

The Best Way to Defer RMDs (and Their Tax Bills): QLACs

Concerned about RMDs? Worried about outliving your retirement savings? A qualified longevity annuity contract defers some RMDs and guarantees lifetime income.

Kiplinger

Worried Your Heirs Will Blow Their Inheritance? Make a Plan

Ensuring that younger generations don’t waste the wealth you’ve worked so hard to build starts with careful estate and tax planning.

Kiplinger

The Do’s and Don’ts of Inherited IRAs

When you inherit an IRA, you likely have a lot of questions. Do you need to take RMDs? When? How long do you have before the account must be cleaned out?

Kiplinger

The IRS is Ramping up Tax Audits

Wealthy individuals, large corporations and partnerships are all audit targets, thanks in large part to the IRS's multi-billion dollar windfall.

Kiplinger

Three Reasons It May Look Like You Love the IRS More Than Your Family

Consider these strategies to avoid overpaying taxes on your hard-earned money. Your family will thank you for it. (And you’ll thank yourself.)

Kiplinger

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The Guardian - US

Revealed: the extremist Maga lobbying group driving far-right Republican policies

Documents show the Conservative Partnership Institute is pushing its far-right agenda at events involving GOP members

International Business Times UK

Brazil, France, Spain, Germany and S. Africa Push To Tax Billionaires 2% Yearly; US Says No

Yellen announces US opposition to global wealth tax, despite support from Brazil, France, and others.

Barchart

Investing in Gold? Forget GLD, Buy PHYS Instead

Many groups are piling into gold, including central banks and sovereign governments. Gold has also become very popular among individual Chinese investors and family offices that cater to the global rich. Most of these investors choose physical gold. That's what famed investor Michael Burry did. But instead of the GLD…

Bored Panda

“What Did Your Spouse Hide From You Until After You Were Already Married?” (40 Answers)

Someone asked women “What did your spouse hide from you until after you were already married?” and people shared both dark and wholesome stories. The post “What Did Your Spouse Hide From You Until After You Were Already Married?” (40 Answers) first appeared on Bored Panda.

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Reason

Congressional Republicans Launch 'Fishing Expedition' Against Progressive, Jewish, and Palestinian Nonprofits

The House Oversight and Education committees are investigating the sources of “malign influence” behind campus protests. They’re using tactics Republicans used to hate.

Fortune

American families are struggling with debt. When it gets forgiven, the tax code treats it like extra income

Turning American families’ forgiven debt into taxable income is simply unfair, and Americans are worried about the fairness of the federal tax code.

Kiplinger

IRS Direct File Will Be Permanent, Competing With TurboTax, H&R Block

The IRS says it will bring Direct File back next tax season.

The Hindu

Income Tax Department officer duped of ₹48.9K in online reward points fraud

A 48-year-old IRS officer with the Income Tax Department lost ₹48,902 to an online reward points fraud.

International Business Times UK

'Gone in 12 Seconds': How MIT Students Stole $25M Crypto in a US Criminal Case First

MIT grads arrested for $25 million crypto heist in a novel scheme. Feds say it's the first of its kind and vow to crack down on crypto fraud.

The Guardian - US

Anti-Defamation League ramps up lobbying to promote controversial definition of antisemitism

Federal records show a dramatic spending increase that critics say is primarily intended to punish criticism of Israel and target pro-Palestinian groups

Reason

Can Nonprofits That Help Organize Protests Lose Their Tax Exemptions?

Not because of the viewpoints they express—but yes if they engage in systematic illegal conduct.

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