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The Latest Breaking News from IRS

How to Handle Irrevocable Trust Assets Tax-Efficiently

Irrevocable trusts can be structured so that trust property is either included in the potentially taxable gross estate or removed. What are the pros and cons?

Kiplinger

IRS Crackdown Nets Enough Revenue To Fund the Government for 90 Minutes

The Biden administration's $60 billion expansion of the IRS has netted $1 billion in new revenue so far.

Reason

IRS goes after rich tax cheats, nets $1B

The Biden administration’s $60 billion in additional IRS funding has reinvigorated the agency’s enforcement effort

Salon

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IRS Collects Over $1 Billion From Millionaires In Back Taxes In Less Than One Year

The IRS achieved a milestone in collecting more than $1 billion from wealthy American taxpayers in less than a year since passing legislation to add more agents.

International Business Times

IRS focus on people who make $1 million per year yields $1 billion in past-due taxes

The IRS is giving high-income filers a closer look.

Fortune

IRS Collects Over IRS Collects Over Top News Billion In Past-Due Taxes From Millionaires Billion In Past-Due Taxes From Millionaires

Learn how the IRS collected over IRS Collects Over Top News Billion In Past-Due Taxes From Millionaires billion in overdue taxes from millionaires and modernized taxpayer services through the Inflation Reduction Act.

Top News

Project 2025 Tax Overhaul Blueprint: What You Need to Know

Some people wonder what Project 2025 is and what it suggests for taxes.

Kiplinger

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How might a rogue president use the US supreme court immunity ruling?

A first pass shows just how much damage a president could do to the rule of law when no longer constrained by it

The Guardian - US

Financial Services spending bill a big test for slim GOP margin - Roll Call

The House passed its first spending bills with little fanfare. An abortion-related rider in the Financial Services bill could pose a bigger challenge.

Roll Call

The Taxes That Come out of Your Paycheck

Your take-home pay is often less than expected due to several payroll tax withholdings you need to know.

Kiplinger

Three Ways to Pay Less Taxes to Uncle Sam

Retirees especially could benefit from these tax-efficient strategies that focus on what you leave your heirs and what kind of accounts your money is in.

Kiplinger

Early Retirement Withdrawal Strategies for the Long Haul

Your early retirement withdrawal plan can make or break your FIRE strategy. Think beyond financial independence to how you will maintain a stable portfolio.

Kiplinger

Charities are allowed to do some lobbying, but many do none at all

U.S. charities may spend some of their time and money on lobbying, as long as those organizations don’t primarily exist to influence federal legislation. This rule applies to all charitable nonprofits, which run the gamut from hospitals to social service providers, museums and environmental organizations.

The Conversation

Developing a Charitable Giving Strategy: Where to Begin

Knowing what to give, how to give and where to give can help ensure your charitable giving aligns with your values and maximizes your impact.

Kiplinger

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Kiplinger

Is Your IRA an IOU to the IRS? Three Retirement Tax Strategies

These steps, including converting to Roth IRAs, using a Roth 401(k) and leveraging life insurance and annuities, can help reduce your taxes in retirement.

The Independent UK

The Supreme Court just ended ‘Chevron.’ What does that mean and how far will its impact reach?

Federal agencies such as the IRS, FDA and EPA will have to turn to Congress and courts for guidance under the new ruling

Reason

Short Circuit: A Roundup of Recent Federal Court Decisions

Overloaded fireworks, behavioral coaching, and makeshift pockets.

Kiplinger

Supreme Court Strikes Down Chevron: What It Means for the IRS

A landmark decision from SCOTUS fundamentally alters the administrative law landscape and impacts federal agencies, including the IRS.

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Kiplinger

One Retiree's Story of How She Built Her Retirement Nest Egg

One way to build wealth is to max out your company’s retirement plans, but doing it in tax-efficient ways can make an even bigger difference.

Kiplinger

Roth 401(k) vs 401(k): Which Is Right for You?

The Roth 401(k) vs traditional 401(k) decision can mean the difference between higher taxes now or in retirement. It's your choice.

Kiplinger

Medicare Premiums 2025: Projected IRMAA for Parts B and D

Will your monthly Medicare premiums increase next year? It depends.

Kiplinger

Things Change: Is It Time to Update Your Retirement Plan?

Here’s how to go about updating your retirement plan, including adding important elements, to ensure it meets all of your retirement objectives.

The Independent UK

‘Will you shut up, man’: The best jabs from Biden-Trump debates in 2020

A look back at the bad-tempered 2020 debates when White House rivals sparred over Covid, white supremacy and each others’ records in government

The Independent UK

IRS delays in resolving identity theft cases are 'unconscionable,' an independent watchdog says

An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases

Kiplinger

New 401(k) Withdrawal Rules to Know

More people are taking early emergency withdrawals from retirement savings accounts. New rules might offer some relief.

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