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The Latest Breaking News from IRS

Senate GOP bill seeks to protect anonymous nonprofit donors - Roll Call

Sens. Todd Young and James Lankford will introduce a bill Tuesday that would increase penalties for revealing anonymous donor information.

Roll Call

Naming Beneficiaries for Inherited IRAs: What You Need to Know

The rules for how to handle an inherited IRA differ depending on the beneficiary, and you should also consider the tax implications of required minimum distributions (RMDs).

Kiplinger

IRS Inquiry Reveals Potential 0 Million Tax Bill For Trump

IRS investigation reveals potential 0 million tax bill for Trump over Chicago tower losses.

Top News

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Trump may owe $100m to IRS

Trump, who dodged taxes for a decade, double-dipped while claiming losses on his Chicago tower

Salon

Biden Vs. Trump: Contrasting Tax Plans For Economic Growth

Debate over tax policies between Biden and Republicans, focusing on fairness, economic growth, and national debt implications.

Top News

File By May 17 for $1 Billion in Unclaimed IRS Tax Refunds

Unclaimed tax refunds from years ago are waiting for millions who might not know it. Are you one of them?

Kiplinger

Estate Planning Checklist: 13 Smart Moves

Follow this estate planning checklist for you (and your heirs) to hold on to more of your hard-earned money.

Kiplinger

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Guide to Military Benefits for Retirement, Pay and Savings

Benefits for those who serve in the U.S. military can sometimes be complex and confusing. Here’s what to know about how to optimize some of them.

Kiplinger

Debate Over Tightening Restrictions On Donor-Advised Funds

Deliberations on enhancing regulations for donor-advised funds to ensure transparency and accountability in charitable giving.

Top News

Trump Attorney Confirms Cohen Payments Disclosed To IRS

Trump attorney questions disclosure of payments to Michael Cohen in 2017, highlighting importance of financial record-keeping and tax compliance.

Top News

Final EV Tax Credit Rules Don’t Change Much for Consumers

Treasury and IRS have finalized regulations for the up to $7,500 electric vehicle tax credit.

Kiplinger

Former IRS officer sees big scope for ‘MSMEs revolution’ in Chittoor

Former IRS officer and TDP candidate Daggumalla Prasada Rao envisions Chittoor as a thriving hub for MSMEs and agricultural development.

The Hindu

Participation of more MPs needed in discussions on key affairs in Parliament says Daggumalla

Former IRS officer Daggumalla Prasada Rao aims to bring dynamic change to Chittoor as TDP MP candidate.

The Hindu

IRS Overhauls Audit Practices To Address Disparities

IRS takes steps to address audit rate disparities, focusing on Black taxpayers, wealthy individuals, and major corporations.

Top News

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International Business Times

Certified Mailing Solutions, Inc. Brings the IRS' Certified Mail® Into the Modern Age, Renewing a Five-Year Contract

To increase security and ensure the mail is received, senders can use Certified Mail®. This is a service provided by the United States Postal Service (USPS) that provides the sender with proof of mailing and verification that their letter has been delivered.

Top News

Michael Avenatti's Role In Stormy Daniels Case Resurfaces

Attorney Emil Bove raises questions about Michael Avenatti's impact on Stormy Daniels' representation amid legal proceedings and Avenatti's subsequent lega...

International Business Times UK

Can I Use My Business Credit Card for Personal Use?

Using business credit cards for personal expenses can affect your personal credit scores, lead to account closure, or land you in trouble with the IRS.

Salon

IRS targets sports owners' tax avoidance

Billionaires generate what can be hundreds of millions in tax savings by purchasing professional sports teams

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TechRadar

What is Vishing and how does it work?

Vishing is one of the fastest-growing types of cybercrime, making it urgent to know how it works and avoid becoming a victim. This article tells you what you need to know about vishing and how to avoid falling victim to it.

The Guardian - US

They’re back: Cohen and Avenatti return to spotlight at Trump trial

Trump’s former fixer to appear as prosecution witness, while Avenatti, serving prison sentence, willing to testify for defense

InsideEVs

All Rivians Under The $80,000 Price Cap Qualify For $3,750 Federal Tax Credit

The 2024 Rivian R1S and Rivian R1T models have been officially listed by the IRS among electric cars eligible for the $3,750 federal tax credit.

Kiplinger

Can You 1031 Exchange into a REIT?

No, you can't, but two other REIT-like alternatives let you defer capital gains taxes while giving you exposure to institutional-quality real estate assets.

Kiplinger

Retirees Face Significant Tax Bills Due to Fraud

A new report sheds light on how older adult scam victims end up with big tax bills and lost retirement savings.

Laptop

H&R Block server outage leaves tax day filers hanging — here's what you can do

An H&R Block server overload is preventing thousands from e-filing their taxes today. Here's how you can get around the issue for free and dodge late fees.

InsideEVs

The U.S. Paid $580 Million In Point-Of-Sale EV Tax Credits So Far This Year

The U.S. government's support scheme seems to be pretty popular, with the IRS receiving about 100,000 time-of-sale EV reports so far.

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