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The Latest Breaking News from IRS

What Happens When a Joint Bank Account Owner Dies?

When you open a joint bank account, you probably don’t think about what happens if one owner dies. But this is a real issue that can affect your money, your family, and your peace of mind. Many people use joint accounts for convenience, to pay bills, or to help a…

The Free Financial Advisor · Jul 19, 2025

An American who helped North Korean IT workers rake in $17.1 million faces sentencing in scheme that tricked hundreds of Fortune 500 companies

Arizona woman Christina Chapman carefully oversaw at least 90 laptops at her home and shipped dozens of others to China, Russia, the UAE, and Nigeria, authorities said.

Fortune · Jul 19, 2025

Ask the Editor, July 18: Questions on the $6,000 Senior Deduction

In this week's Ask the Editor Q&A, we answer tax questions from readers on the new $6,000 deduction for taxpayers 65 and older.

Kiplinger · Jul 18, 2025

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The CEO of NPR Made the Best Case for Defunding It

The notion that NPR can somehow become unbiased is about as believable as the IRS sending you a fruit basket to commend you for filing your taxes.

Reason · Jul 18, 2025

Child Savings: 11 Unexpected Taxes That Destroy Child Savings

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Kids Ain't Cheap · Jul 18, 2025

8 Estate Planning Moves That Cost More Than They Save

Estate planning is supposed to make life easier for your loved ones and protect your assets. But some decisions, even if they seem smart at first, can end up costing you more than they save. Mistakes in estate planning can lead to higher taxes, legal headaches, and family disputes. Many…

The Free Financial Advisor · Jul 18, 2025

10 Times a GoFundMe Campaign Led to Legal Trouble

GoFundMe has changed how people ask for help. It’s easy to set up a campaign and share your story. But sometimes, things go wrong. Some campaigns end up in courtrooms instead of helping hands. If you’re thinking about starting a GoFundMe or donating to one, you need to know the…

The Free Financial Advisor · Jul 18, 2025

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Trump Admin Grants ICE Access To 79 Million Medicaid Records — California AG Rob Bonta Calls It 'Unprecedented' Privacy Breach

The Trump administration will give Immigration and Customs Enforcement access to the personal data of nearly 79 million Medicaid enrollees, a trove that includes names, addresses, birth dates, race and ethnicity, and Social Security numbers, according to an agreement obtained by The Associated Press.

Benzinga · Jul 18, 2025

8 Tax Moves That Could Cause Penalties This Year

Tax season is something that stresses a lot of people out. And if you’re like many Americans, you might be thinking about your tax situation all year long. One wrong move could potentially trigger some hefty tax penalties. Taking the time to understand what landmines are lurking in common tax…

Clever Dude · Jul 17, 2025

How Trump’s IRS May Unshackle Churches from Their Political Restraints

As if everyday life in these United States wasn’t politicized enough, your local house of worship could soon become a part of the campaign battlefield.

Texas Observer · Jul 17, 2025

8 Government Databases That Contain Your Personal Info Right Now

At this very moment, numerous branches of the U.S. government are quietly holding onto detailed pieces of your life. From your birthday and Social Security number to your travel habits and financial transactions, it’s all stored somewhere in a government-run database.

Everybody Loves Your Money · Jul 17, 2025

New SALT Cap Deduction: Unlock Massive Tax Savings with Non-Grantor Trusts

The One Big Beautiful Bill Act's increase of the state and local tax (SALT) deduction cap creates an opportunity to use multiple non-grantor trusts to maximize deductions and enhance estate planning.

Kiplinger · Jul 17, 2025

23 Of The Most Entertaining ‘It Doesn’t Work Like That’ Stories, Told By Professionals In This Online Community

Members of this online group share 42 common myths they have to explain to people who aren't in the same professional field.

Bored Panda · Jul 17, 2025

Leaked Blueprint Reveals ICE Plan To Use IRS Data To Increase Detentions

ICE wants to access confidential IRS data to locate tax-paying undocumented immigrants and boost detention numbers.

Reason · Jul 16, 2025

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GOBankingRates · Jul 16, 2025

Grant Cardone Reveals the Only Time You Should Buy a Car — and When To Lease

If you're in the market for a new car, you may be deciding if buying or leasing is your best option. Grant Cardone has one hard-and-fast rule he follows.

Benzinga · Jul 16, 2025

IRS Engineers Build Secret Tool So ICE Can Bypass Legal Review And Pull Real-Time Immigrant Address Data: Report

The Internal Revenue Service is quietly building a computer program that would let Immigration and Customs Enforcement pull taxpayer information on demand, giving deportation officers real‑time addresses and phone numbers for people with final removal orders, according to an internal blueprint reviewed by ProPublica.

Plunged in Debt · Jul 15, 2025

10 Celebrities Who Had to Fight to Make a Comeback After a Major Flop

A blockbuster career can come crashing down in a single flop. Whether the project bombs at the box office or blows through the budget, celebrities often lose more than their pride—they lose their paychecks, their rep, and sometimes their life savings. This isn’t gossip; it’s a harsh reality of showbiz…

Clever Dude · Jul 15, 2025

10 Ways to Lose Your Inheritance Without Breaking a Law

Most people assume that once a loved one leaves them an inheritance, it’s locked in. But the truth is, you can legally lose your inheritance in several ways, without breaking a single law. From poor planning to bad financial habits, a windfall can disappear faster than you’d expect. Understanding how…

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Saving Advice · Jul 15, 2025

8 Church Fundraisers That Quietly Violate Tax Law

Churches play a vital role in communities, offering spiritual guidance, support networks, and often crucial social services. To sustain their operations and missions, many churches...

Clever Dude · Jul 15, 2025

10 Legal Loopholes That Cost Heirs Thousands

When someone passes away, their loved ones expect to inherit what’s left behind. But the reality is often more complicated. Legal loopholes can eat away at inheritances, leaving heirs with far less than they expected. These loopholes aren’t always obvious. Sometimes, they’re buried in the fine print or hidden in…

Kiplinger · Jul 15, 2025

Parents Prepare: Trump's Megabill Brings Three Crucial Tax Changes

Are you a parent? The so-called ‘One Big Beautiful Bill’ (OBBB) impacts several key tax incentives that can affect your family this year and beyond.

Saving Advice · Jul 14, 2025

9 Times “Free” Offers Ended Up Costing Seniors Everything

There’s a powerful pull behind the word “free.” It feels like a gift, a reward, or a lucky break, especially for seniors trying to stretch...

Clever Dude · Jul 14, 2025

10 Financial Promises That Are Actually Legal Risks

Money advice is everywhere. You see it on social media, hear it from friends, and read it in emails. Some of it sounds great—easy fixes, quick wins, or “guaranteed” results. But not every financial promise is safe. In fact, some can land you in legal trouble. If you’re not careful,…

GOBankingRates · Jul 14, 2025

7 Common Tax Planning Mistakes To Fix Before 2026, According to a CFP

If you're making one of these seven common tax planning mistakes -- and many people are -- you could face higher tax bills or missed opportunities come 2026.

GOBankingRates · Jul 14, 2025

7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth

Many wealthy people are super skilled at using all the tax loopholes available to them to minimize their taxes and maximize their wealth.

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