The Latest Breaking News from IRS

6 Banking Practices That Trigger Federal Scrutiny Without Warning

Most people think they’re flying under the radar when it comes to federal financial surveillance. You deposit a check, use your debit card, pay some...

Saving Advice · Jul 3, 2025

10 Home Renovation Choices That Could Jeopardize Your Tax Benefits

Renovating your home can be exciting—finally installing that dream kitchen, upgrading outdated plumbing, or turning your unfinished basement into a cozy guest suite. But while...

Saving Advice · Jul 3, 2025

8 Times Government Agencies Sold Your Data Without Telling You

You’d expect companies to profit off your personal data. It’s practically the price of using the internet. But when the government, the very institution meant...

Saving Advice · Jul 2, 2025

What Happens If You Use Retirement Funds to Pay Off Credit Cards

Credit card debt can feel like a heavy weight. The interest piles up, and the balance never seems to shrink. When you’re staring at a...

Saving Advice · Jul 1, 2025

This Tech Upgrade Could Save Investors Thousands in Taxes—Automatically

Artificial intelligence is taking over tax preparation at major brokerage houses, easing the burden on small and large investors. That means less time poring through spreadsheets, looking to save pennies, and more time growing long-term assets. 

Benzinga · Jul 1, 2025

5 Retirement Accounts That Can Be Frozen Without Advance Warning

Retirement accounts are supposed to be safe places for your money. You work hard, save, and expect those funds to be there when you need them. But what if you woke up one day and found your retirement account frozen? It happens more often than you might think, and it…

Clever Dude · Jul 1, 2025

Coinbase Legal Head Vows To 'Continue The Fight' After Supreme Court Rejects Appeal To Block IRS From Accessing User Data

The Supreme Court rejected Monday an appeal to block the Internal Revenue Service from accessing  Coinbase Global Inc.'s (NASDAQ:COIN) user data.

Benzinga · Jul 1, 2025

Thom Tillis Pulls Out Of 2026 Re-Election Run After Saying He 'Cannot Support' Trump-Backed 'One Big Beautiful Bill', President Calls It 'Great News'

Sen. Thom Tillis (R-N.C.) said Sunday he will not run again in 2026, a decision that landed less than 24 hours after he crossed President Donald Trump on a marquee tax-and-immigration bill and drew an instant primary threat.

Benzinga · Jun 30, 2025

Congressman Says 'Nobody Asked For The IRS To Be Americans' Tax Preparer,' Applauds Efforts To Shut Down The IRS Direct File Program

Rep. Jason Smith (R-MO) is celebrating the House-passed bill that would shut down the Internal Revenue Service Direct File program, a free federal tool that allows Americans to file taxes online without paying private companies.

Benzinga · Jun 30, 2025

Bitcoin and crypto investors hit with flood of IRS letters, say tax experts

Crypto tax platform CoinLedger cites a ninefold increase in users asking about IRS letters.

Fortune · Jun 29, 2025