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The Latest Breaking News from the Internal Revenue Service

Scott Bessent Says New IRS Crypto Guidance Gives ETFs 'Clear Path' To Stake Digital Assets And Share Rewards With Investors

The Treasury Department and the Internal Revenue Service have introduced new guidance, clearing the way for them to stake digital assets and share rewards with investors.

Benzinga

Everything We Know About The New IRS 2026 Federal Income Tax Brackets

The Internal Revenue Service announced changes to over 60 tax provisions that are expected to save Americans more money for the tax year 2026.

International Business Times

IRS 2026 Federal Income Tax Brackets Announced: Standard Deduction Raised, New Relief for Seniors

The Internal Revenue Service announced changes to over 60 tax provisions that are expected to save Americans more money for the tax year 2026.

International Business Times UK

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Is a $1,702 Stimulus Payment Coming in 2025? What We Know About the Tariff Rebate Rumours

Rumours of 2025 stimulus cheques are making waves on social media, but no confirmation was provided by Congress or the Internal Revenue Service.

International Business Times UK

8 Tax Refund Mistakes That Put You on the IRS Audit List

For millions of Americans, tax season culminates in a single, happy moment: the arrival of a tax refund. It can feel like a windfall, a bonus from the government. However, the process of getting that refund is fraught with peril. The U.S. tax code is incredibly complex, and a simple,…

Budget and the Bees

The IRS Can Now Touch More Than Your Bank Account: Here’s What You Should Know

For years, the Internal Revenue Service was known for one thing above all else: freezing bank accounts when taxpayers fell behind. But times have changed....

Saving Advice

IRS Denies Rumored $1,390 Stimulus Checks, Says No New Payments Approved For 2025: Here's What Taxpayers Need To Know (UPDATED)

Editor’s Note: This story has been updated to include a comment from an IRS spokesperson.

Benzinga

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Trump boots IRS commissioner after just months on the job: Names Treasury Secretary as interim head

The former Missouri congressman had next to no experience with tax law when he was tapped to lead the tax collection agency

The Independent UK

IRS says churches may endorse political candidates despite a decades-old federal statute barring them from doing that

Churches and other houses of worship can endorse political candidates without risking the loss of their tax-exempt status, the Internal Revenue Service said in a legal document the tax-collection agency filed on July 7, 2025. This guidance is at odds with a law Congress passed more than 70 years ago…

The Conversation

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

Why Crypto Investors Are Receiving Internal Revenue Service Warning Letters

According to CoinLedger CEO David Kemmerer, thousands of U.S. crypto investors have recently received warning letters from the Internal Revenue Service (IRS), marking a significant escalation in the agency's efforts to enforce tax compliance in digital assets.

Benzinga

7 Things the IRS Doesn’t Want You to Understand

Every year, millions of Americans dread the moment they have to deal with the Internal Revenue Service. Whether it’s filing taxes, managing an audit, or simply trying to make sense of deductions, the system feels deliberately confusing. While the IRS isn’t necessarily hiding secrets in a malicious way, there are…

Clever Dude

10 Times the IRS Was the Least Scary Option

When most people hear “IRS,” their first reaction is a shiver down the spine. The Internal Revenue Service has a reputation for being intimidating, and for good reason—no one wants to get on the wrong side of a tax audit. But what if the IRS isn’t always the villain in…

The Free Financial Advisor

How Palantir Is Expanding the Surveillance State

If you think the government will only use these tools to track illegal immigrants, think again.

Reason

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The Conversation

Can Trump strip Harvard of its charitable status? Scholars of nonprofit law and accounting describe the obstacles in his way

President Donald Trump has repeatedly threatened to revoke Harvard University’s tax-exempt status, and some media outlets have reported that the Internal Revenue Service is taking steps in that direction.

The Independent UK

Elon Musk’s ‘efficiency’ team is quietly building a vast immigration tracking database

In the last few months DOGE has pursued immigration-related data across the Justice Department, the Department of Housing and Urban Development, the Internal Revenue Service and Social Security Administration, Rhian Lubin reports

Reason

Two Cheers for Extended Tax Cuts and an IRS in Chaos

It’s not the reform we need, but it’s welcome relief from ravenous and unpopular tax collectors.

The Guardian - US

IRS agrees to share tax information of undocumented immigrants with Ice

Agreement between IRS and DHS will give unprecedented access to immigration enforcers to aid in deportations

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The Independent UK

Internal Revenue Service agrees to send immigrant tax data to ICE for enforcement

The Internal Revenue Service has agreed to share immigrants’ tax data with Immigration and Customs Enforcement for the purpose of identifying and deporting people illegally in the U.S. That's according to a document signed by Treasury Secretary Scott Bessent and Department of Homeland Security Secretary Kristi Noem

The Conversation

From business exports to veteran care − here’s what some of the 35,000 federal workers in the Philadelphia region do

Layoffs of federal employees and cutbacks to federal agencies have direct consequences for the Philadelphia area.

Latin Times

ICE Nearing Deal With IRS to Get Addresses of Suspected Undocumented Migrants: Report

The Internal Revenue Service and U.S. Immigration and Customs Enforcement (ICE) are working on an agreement under which the IRS would use the tax data of people suspected of being in the country illegally in order to authenticate names and addresses.

The Conversation

DOGE threat: How government data would give an AI company extraordinary power

The Department of Government Efficiency, or DOGE, has secured unprecedented access to at least seven sensitive federal databases, including those of the Internal Revenue Service and Social Security Administration. This access has sparked fears about cybersecurity vulnerabilities and privacy violations. Another concern has received far less attention: the potential use…

Latin Times

Trump Admin Pressures IRS to Hand Over 700,000 Addresses of Immigrants to be Deported

Department of Homeland Security directed the Internal Revenue Service to turn over the addresses of roughly 700,000 immigrants it is seeking to deport.

Salon

Musk waves gifted chainsaw at CPAC

The DOGE head chuckled and growled as he waved around the favorite prop of Argentina's president

Latin Times

Trump Wants to 'Abolish the IRS,' New Commerce Secretary Says

Commerce Secretary Howard Lutnick revealed another one of the Trump administration's controversial goals: abolishing the Internal Revenue Service (IRS).

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