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The Latest Breaking News from IRS

DeSantis Wants To 'Eliminate the IRS' and Implement a Flat Tax

DeSantis says the new, single tax rate would mean "lower taxes for everyone" but that only demonstrates that he hasn't thought too deeply about how a flat tax would work.

Reason

FAFSA delays are straining families and colleges

This year's federal aid form is new and improved. But it came three months later than normal, and in its first week, online access has been unpredictable.

WEKU

OMB chief worried about shutdown even as funding talks progress - Roll Call

A top White House official said Friday that she is “not optimistic” about avoiding a partial government shutdown starting after Jan. 19.

Roll Call

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GM Offers $7,500 Discount To EVs That Don't Get The Tax Credit

General Motors will pay out of pocket to keep its prospective customers happy because two of its new EVs are no longer eligible for the $7,500 tax credit.

InsideEVs

What to know about changes to this year's FAFSA application for college students

A new version of the federal student aid application known as the FAFSA is available for the 2024-2025 school year, but only on a limited basis as the U.S. Department of Education works on a redesign meant to make it easier to apply

The Independent UK

The 2023 Chevrolet Bolt Is Now A $19,995 EV Bargain

The Chevrolet Bolt EV was already an incredibly compelling electric car. Now with the latest $7,500 point of sale credit, the hatchback is a screaming deal.

InsideEVs

Here’s how Illinois Democrats in Congress split on Israel-Hamas war, antisemitism legislation

Democrats locally and nationally are grappling with a challenging dynamic being played out, with the Israel-Hamas war in its third month.

Chicago Sun-Times

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2026 To-Do List: 7 Best Financial Moves to Make

Checklist of 7 Easy Things You Can Do In 2026 To Improve And Secure Your Finances

Kiplinger

Tax Season Is Almost Here: What You Can Do to Prepare

Tax season can be a stressful time, but getting prepared now can help it go more smoothly.

Kiplinger

Tax brackets to increase, global debt hits trillion

Discover how the new IRS tax brackets for 2024 can put more money in your pocket, but also the alarming rise of global debt and its impact on your finances...

Top News

The $7,500 tax credit for electric cars will see big changes in 2024. What to know

The electric vehicle tax credit will be easier to get next year — but fewer models could qualify, as the government imposes stricter eligibility requirements.

WEKU

How a former IRS boss optimizes his charitable trust to support his alma mater–and give assets to his children tax-free

Former IRS Commissioner John Koskinen knows the tax code inside out. Here are his estate planning secrets.

Fortune

More Than 7,000 U.S. Car Dealers Sign Up For 'Point Of Sale' EV Credits

Thousands of franchised automotive dealers have registered to offer point-of-sale credits to customers, signaling a welcome to boost EV adoption.

InsideEVs

Three Ways to Make the Most of Your Year-End Giving

Understanding how to maximize your charitable donations can help you stay on budget and help the causes you are passionate about.

Kiplinger

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The Guardian - US

Revealed: how US residents are funding illegal settlements in the West Bank

Crowdfunding site IsraelGives allows US residents to donate millions to paramilitary groups, IDF units and settlers

Kiplinger

Tennessee Tax Deadline Extension Following Tornadoes

The IRS has announced several Tennessee tax deadline extensions following severe storms and tornadoes.

Top News

Former prosecutor denies politics influenced Hunter Biden criminal probe

Former federal prosecutor in Hunter Biden probe denies political bias. Leslie Wolf insists she followed the facts and made decisions in the best interest o...

Dynamite News

CBI Court orders seven-year rigorous imprisonment to IRS officer in bribery case

The Special Judge for CBI Cases in Chennai sentenced an Indian Revenue Service (IRS) officer the then Protector of Emigrants (POE) to undergo seven years of rigorous imprisonment and a private person (recruiting agent) to undergo four years of rigorous imprisonment in a bribery case. Read further on Dynamite News:

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Kiplinger

IRS Waiving $1 Billion in Back Tax Penalties

The IRS is waiving penalties for nearly $1 billion in back taxes owed during the pandemic.

The Independent UK

IRS to waive $1 billion in penalties for people and firms owing back taxes for 2020 or 2021

The IRS says it's going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 a year for tax years 2020 or 2021

Top News

Ashley, Debt-Dodger, Owes IRS 00 Since 2015!

Dive into the quirky tale of Ashley, her unpaid tax bill, and her cheeky defiance of the IRS. A light-hearted look into financial indiscretions.

Top News

Formal Impeachment Inquiry against President Biden Initiated

Congressman French Hill discusses the impeachment inquiry against President Biden over allegations of influence peddling, stressing the need for thorough i...

Kiplinger

A Few Year-End Tax Moves to Make by New Year’s Eve

Before you ring in the new year, consider some year-end tax strategies that can reduce your tax liability.

Zenger

Mormon Church Faces Lawsuit Over Mishandling Of Charity Funds

Donors accuse church of diverting funds to shell companies; $5M fine previously imposed.

The Independent UK

The $10 billion charity no one has heard of

A donor-advised fund devoted to supporting the United Nations Sustainable Development Goals has leapt from being a relatively minor charity to one with an asset size comparable to behemoths like the Andrew W

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