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The Latest Breaking News from Tax Return

Influencers have trouble figuring out their tax obligations − and with good reason

The Internal Revenue Service hasn’t issued comprehensive guidance on how the estimated 27 million Americans earning income as influencers should report their income and expenses on their tax returns. That’s leaving people who either make a living or supplement their income by endorsing products and services on social media platforms…

The Conversation

Tax refund loans can provide quick cash, but there's also risks

Tax refund loans provide fast cash while you wait for the rest of your refund, but tax preparation costs can outweigh the benefits.

Chicago Sun-Times

Do US Expats Need to File Taxes? Here's What the IRS Requires

For many Americans living abroad, the question of whether they need to file US taxes can be confusing. Unlike most other countries, the United States taxes its citizens based on citizenship rather than residency.

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HMRC issues £900 fine warning over tax returns after interest cut

HMRC has cut the interest rate on late payments in response to the Bank of England's recent base rate cut

Evening Standard

Why You Should Take Extra Care With Your Tax Return

You can minimize your tax bill and avoid unwanted attention from the IRS by watching out for common errors and oversights.

Kiplinger

Does Australia Tax Lottery? An Analysis of the Receivables and Tax Treatment

I have some good news for all the Australians who like to play the lottery. If you are lucky enough to win big in Australia, then you get to keep all of your winnings. There is no tax on lotteries in Australia.

inkl

It’s tax time, and that means you might be receiving new or unfamiliar IRS 1099 tax forms. Our guide explains them all.

Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different 1099 forms used to report income to the IRS.

Fortune

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Can't pay your taxes? Here's what to do

While it’s tempting to avoid your tax bill, that will make your situation much worse

Salon

Over 1 Million Britons To Pay At Least £100 Penalty To HMRC For Missing Tax Returns Deadline

HMRC also notes that there are additional penalties for paying late—5% of the tax unpaid at 30 days, 6 months, and 12 months.

International Business Times UK

11.5m taxpayers file returns on time but 1.1m face charge after missing deadline

Thousands of people submitted their tax return with just minutes left to go before the deadline, according to HM Revenue & Customs.

Evening Standard

Rachel Reeves unaware former chancellors had published tax returns

The Chancellor had initially ruled out publishing her tax returns, but has now said she is ‘very happy’ to do so.

Evening Standard

Rachel Reeves will publish tax return in U-turn hours after refusing to do so

Chancellor said after delivering speech on growth she had no plans to release her tax returns

The Independent UK

Rachel Reeves will publish a tax return after saying she had no ‘plans to do so’

A Treasury spokesperson indicated that Ms Reeves will publish details on her finances.

Evening Standard

Rachel Reeves refuses to publish tax return

The Chancellor said she had no plans to release information on her personal finances, but Downing Street confirmed the Prime Minister would.

The Independent UK

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The Independent UK

Mistakes to avoid on your tax return as Martin Lewis issues warning over delays

The Money Saving Expert founder cautions against leaving it until the last moment - and over child benefit allowances

The Conversation

England’s maths teacher recruitment problem is set to worsen

Everyone should leave school with a solid understanding of maths. Decent mathematics literacy is a hugely important skill in many aspects of life. We need it when budgeting for a weekly shop, asking for a pay rise and completing a tax return.

Fortune

How to file your taxes online

The IRS begins accepting your 2024 tax returns today, and there are more e-filing options than ever before.

Kiplinger

Tax Season 2025 Is Here: Key IRS Changes to Know Before You File

Tax deductions, tax credit amounts, and some tax laws have changed since you filed your last federal income tax return.

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The Independent UK

3.4m people have until end of January to file tax returns

Around 8.6 million people have already filed their 2023-24 tax return, HMRC said.

The Independent UK

Do I need to declare bitcoin and other cryptocurrency profits on a self assessment tax return?

If you’ve sold NFTs, dabbled in doge or got paid in bitcoin, it all needs to be accounted for with HMRC

The Independent UK

Expert tips for filing your first self-assessment tax return – and how to do better next year

The 31 January deadline for filing a self assessment tax return is today

The Independent UK

How to reduce your tax bill as self-assessment deadline looms

The date for your diary is 31 January – by then your returns must be filed and paid

The Independent UK

What you need to file a self assessment tax return as HMRC deadline fast approaches

Returns must be submitted and paid by 31 January - or individuals can face fines from HMRC

Top News

IRS Distributing .4 Billion In Unclaimed Stimulus Payments

IRS distributing .4 billion to taxpayers who missed COVID stimulus payments, providing up to IRS Distributing .4 Billion In Unclaimed Stimulus Payments,400 per individual. Claim your Recovery Rebate Credit to ...

The Independent UK

IRS is sending out automatic stimulus payments. Who is getting them?

The IRS it’s distributing about $2.4 billion to taxpayers who didn’t receive their COVID stimulus payments

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