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The Latest Breaking News from Tax Return

Congress Passes IRS Math And Taxpayer Help Act – What It Means For Your Tax Mistakes

A bill awaiting President Donald Trump's signature aims to make IRS error notices clearer and easier to understand. The IRS Math and Taxpayer Help Act would require the agency to spell out exactly what mistake was found on a tax return, how much tax is owed, how to respond and…

Benzinga

The rise of the AI accountant: Cheaper. Faster. Riskier?

Taxfix recently conducted a survey of people who file Self Assessment tax returns in the UK and found that 59% plan to use AI tools to help them complete their returns ahead of HMRC’s 31 January deadline.

TechRadar

8 IRS Red Flags That Are Most Likely to Trigger a Full-Blown Audit

Every taxpayer worries about making a mistake that could attract unwanted attention from the IRS. While most tax returns are processed without issue, certain patterns, numbers, and claims raise what the IRS calls “compliance indicators”—more commonly known as IRS red flags. These warning signs can trigger closer scrutiny or even…

The Free Financial Advisor

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Ask the Editor, October 3: Tax Questions on the Charitable Deduction

In this week's Ask the Editor Q&A, we answer reader questions on the charitable deduction.

Kiplinger

Living and Working in Different States Can Be a Tax Headache

Living in one state and working in another can trigger several tax issues. Here are several key points to consider if you find yourself in this situation.

Kiplinger

HMRC handed out £5.5m in late tax return fines in one year

The initial fine of £100 increases by £10 a day to a maximum of £900.

Evening Standard

10 Side Hustle Bonuses That’ll Hurt Your Tax Return More Than Help

Side hustles feel like the ultimate cheat code to financial freedom—extra cash, flexible hours, and that sweet taste of independence. But when tax season rolls around, those “bonuses” can backfire faster than a bad business idea.

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Ask the Editor, August 29: Tax Questions on Estate and Gift Taxes

In this week's Ask the Editor Q&A, we answer questions from readers on estate and gift taxes.

Kiplinger

BJP MP tweets ‘tax return of great journalist’, Abhisar Sharma and others say breach of privacy

BJP MP Nishikant Dubey tweeted an alleged ITR document to claim a massive rise in the income of a journalist after he left his job to “abuse” Prime Minister Narendra Modi and the BJP. Who was this journalist? He left his followers to guess.

Newslaundry

10 Unexpected Tax Filings Required After Financial Gifts

Giving or receiving financial gifts can be a generous act, but it often comes with tax responsibilities that many overlook. The rules around tax filings after financial gifts are more complicated than most expect. If you don’t follow the IRS guidelines, you could face unexpected penalties or paperwork headaches down…

The Free Financial Advisor

9 Hidden Deductions Retirees Miss on State Income Tax Returns

Retirement is often portrayed as a time of financial simplicity. No more paychecks to track, no more yearly raises to calculate, and, for some, no...

Saving Advice

6 IRS Letters That Could Signal Trouble — Even If You Think You Filed Correctly

Few things create more anxiety than receiving unexpected mail from the IRS. Even if you are confident your tax return was accurate and submitted on time, certain notices can indicate potential problems. These letters often require a timely response and may involve additional documentation, payments, or explanations. Knowing the meaning…

The Free Financial Advisor

Why Some Senior Tax Credits Disappear Once You File Jointly

For many older couples, filing a joint tax return seems like the most logical choice. It often comes with a lower overall tax rate and simplified paperwork. However, the decision can also trigger an unpleasant surprise — certain valuable tax credits may shrink or vanish entirely. Understanding why some senior…

The Free Financial Advisor

What Happens if You Use Tax Software After Fraudulent Activity?

If you’ve ever worried about tax fraud, you’re not alone. Tax fraud can happen to anyone, and it’s a real headache. Maybe you found out someone used your Social Security number. Maybe you noticed a strange tax return filed in your name. Now, you’re wondering: what happens if you use…

The Free Financial Advisor

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TechRadar

TaxScouts review

TaxScouts is all about getting your tax return for you – by accredited accountants – in as little as 2-3 days.

TechRadar

TaxCalc review

Well-proven software that can guide anyone through filing their tax return.

The Free Financial Advisor

The Financial Clue That Tells the IRS You’re Hiding Assets

Trying to hide assets from the IRS is risky. The IRS has many ways to spot red flags, and one financial clue stands out. If you’re not careful, this clue can trigger an audit or even a criminal investigation. Most people don’t realize how easy it is for the IRS…

Kiplinger

Ask the Editor, August 1: Tax Questions on Standard Deductions

In this week's Ask the Editor Q&A, we answer tax questions from readers on claiming standard deductions on your tax return.

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news in one place.

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The Independent UK

HMRC’s new rules are stressing freelancers out – here’s what you need to know if you’re self-employed

LET’S UNPACK THAT: For the first time in decades, the self assessment tax return process is getting an onerous shake-up. Katie Rosseinsky speaks to experts about how Making Tax Digital will actually impact self-employed people

Clever Dude

9 Tax Refunds Reversed Due to Beneficiary Errors

Tax season can feel like a relief when you finally hit “submit” and see that refund on the way. But what if that refund gets reversed? It happens more often than you might think, and the reason is usually simple: beneficiary errors. These mistakes can cost you time, money, and…

The Independent UK

Self-employed workers face key tax date next week - and it’s costly to miss

If you complete a self assessment and pay taxes and NICs from it, the chances are you’re due for your second payment

Clever Dude

7 State Tax Credits That Quietly Disappeared in 2025

If your 2025 tax return looks slimmer than expected, you’re not alone. Across the country, several states quietly eliminated or allowed key tax credits to expire, leaving many filers caught off guard. These changes didn’t always make headlines, but they’re definitely making a dent in refunds. From energy efficiency incentives…

Kiplinger

Know Your ABDs? A Beginner's Guide to Medicare Basics

Medicare is an alphabet soup — and the rules can be just as confusing as the terminology. Conquer the system with this beginner's guide to Parts A, B and D.

Clever Dude

9 Tax-Time Decisions That Could Trigger a Surprise Audit

Tax season can feel stressful, even if you think you’ve done everything right. But some choices you make on your tax return can raise red flags with the IRS. No one wants to get that audit letter in the mail. Audits can take up your time, cost you money, and…

AAP

Australians warned to not jump the gun on tax return

The national tax office has warned Australians to be patient in lodging their tax returns as the financial year comes to an end.

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