The Latest Breaking News from IRS

Tax Advice That No Longer Applies in 2025

Tax rules change all the time. What worked last year might not work this year. If you’re still following old tax advice, you could be missing out or even making mistakes. The tax code for 2025 looks different from what you might remember. Some tips that used to save you…

The Free Financial Advisor · Jul 14, 2025

“One of Eric Clapton’s guitars went for half a million dollars. I was, as I often am, in trouble with the IRS. I thought, ‘This is probably the time’”: Todd Rundgren’s love affair with Clapton’s Fool SG, and how he moved on after selling it

He rescued it from peeling-paint hell, restored it after the headstock snapped off, but was never fully happy with the psychedelic Gibson. Then a fan offered a happily-ever-after solution

Guitar World · Jul 14, 2025

3 Things To Do if You Got an IRS Warning Letter About Your Crypto Activity

If you're a cryptocurrency investor, you might soon hear from Uncle Sam in the form of an IRS letter detailing your tax obligations. Read Next: 13 Cheap Cryptocurrencies With the Highest Potential...

GOBankingRates · Jul 12, 2025

10 Tax Write-Offs People Are Still Claiming Illegally

Tax season can be stressful, and everyone wants to save money wherever possible. But some people cross the line by claiming tax write-offs that aren’t allowed. The IRS is cracking down on these illegal deductions, and getting caught can result in significant fines or even criminal charges. Knowing which write-offs…

Clever Dude · Jul 9, 2025

‘The Most Patriotic Thing You Can Do Is Not Pay the IRS’ Says Grant Cardone as OBBBA Signed into Law — Here’s How Much You’ll Save

Grant Cardone’s outspoken criticism of the IRS reflects his long-standing advocacy for personal wealth, limited government, and financial independence.

Barchart · Jul 9, 2025

Religious leaders can pressure their congregations to support political candidates thanks to this IRS decision

The IRS just gave in.

We Got This Covered · Jul 8, 2025

7 Inheritance Clauses That Now Trigger Federal Review

Estate planning has grown more complex. Now, federal agencies pay closer attention to wealth transfers. Certain clauses in a will or trust can raise red flags. This may prompt scrutiny from the IRS or the Treasury Department. The government aims to prevent tax evasion and other illegal transfers. Let’s look…

Budget and the Bees · Jul 8, 2025

Churches can endorse political candidates and keep tax-exempt status, Trump’s IRS says

Critics fear the Trump administration is opening the floodgates for houses of worship to turn into political fundraising tools

The Independent UK · Jul 8, 2025

Why Selling Your Home for Cash Could Backfire in Retirement

For many retirees, the idea of selling their home for cash holds serious appeal. Quick closings, no repairs, and instant liquidity seem like the perfect...

Saving Advice · Jul 8, 2025

Trump's Tax Bill Axes The $7,500 EV Credit: Here's How You Can Still Claim It

President Donald Trump officially signed the Big Beautiful Bill into law on the Fourth of July and it officially ended the lucrative $7,500 Federal EV credit on all EV purchases. However, the credit is still in effect till September 30. Here's how you can still claim it on your new…

Benzinga · Jul 8, 2025