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The Latest Breaking News from IRS

8 Estate Planning Moves That Cost More Than They Save

Estate planning is supposed to make life easier for your loved ones and protect your assets. But some decisions, even if they seem smart at first, can end up costing you more than they save. Mistakes in estate planning can lead to higher taxes, legal headaches, and family disputes. Many…

The Free Financial Advisor

10 Times a GoFundMe Campaign Led to Legal Trouble

GoFundMe has changed how people ask for help. It’s easy to set up a campaign and share your story. But sometimes, things go wrong. Some campaigns end up in courtrooms instead of helping hands. If you’re thinking about starting a GoFundMe or donating to one, you need to know the…

The Free Financial Advisor

Trump Admin Grants ICE Access To 79 Million Medicaid Records — California AG Rob Bonta Calls It 'Unprecedented' Privacy Breach

The Trump administration will give Immigration and Customs Enforcement access to the personal data of nearly 79 million Medicaid enrollees, a trove that includes names, addresses, birth dates, race and ethnicity, and Social Security numbers, according to an agreement obtained by The Associated Press.

Benzinga

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8 Tax Moves That Could Cause Penalties This Year

Tax season is something that stresses a lot of people out. And if you’re like many Americans, you might be thinking about your tax situation all year long. One wrong move could potentially trigger some hefty tax penalties. Taking the time to understand what landmines are lurking in common tax…

Clever Dude

How Trump’s IRS May Unshackle Churches from Their Political Restraints

As if everyday life in these United States wasn’t politicized enough, your local house of worship could soon become a part of the campaign battlefield.

Texas Observer

8 Government Databases That Contain Your Personal Info Right Now

At this very moment, numerous branches of the U.S. government are quietly holding onto detailed pieces of your life. From your birthday and Social Security number to your travel habits and financial transactions, it’s all stored somewhere in a government-run database.

Everybody Loves Your Money

New SALT Cap Deduction: Unlock Massive Tax Savings with Non-Grantor Trusts

The One Big Beautiful Bill Act's increase of the state and local tax (SALT) deduction cap creates an opportunity to use multiple non-grantor trusts to maximize deductions and enhance estate planning.

Kiplinger

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23 Of The Most Entertaining ‘It Doesn’t Work Like That’ Stories, Told By Professionals In This Online Community

Members of this online group share 42 common myths they have to explain to people who aren't in the same professional field.

Bored Panda

Leaked Blueprint Reveals ICE Plan To Use IRS Data To Increase Detentions

ICE wants to access confidential IRS data to locate tax-paying undocumented immigrants and boost detention numbers.

Reason

Grant Cardone Reveals the Only Time You Should Buy a Car — and When To Lease

If you're in the market for a new car, you may be deciding if buying or leasing is your best option. Grant Cardone has one hard-and-fast rule he follows.

GOBankingRates

IRS Engineers Build Secret Tool So ICE Can Bypass Legal Review And Pull Real-Time Immigrant Address Data: Report

The Internal Revenue Service is quietly building a computer program that would let Immigration and Customs Enforcement pull taxpayer information on demand, giving deportation officers real‑time addresses and phone numbers for people with final removal orders, according to an internal blueprint reviewed by ProPublica.

Benzinga

10 Celebrities Who Had to Fight to Make a Comeback After a Major Flop

A blockbuster career can come crashing down in a single flop. Whether the project bombs at the box office or blows through the budget, celebrities often lose more than their pride—they lose their paychecks, their rep, and sometimes their life savings. This isn’t gossip; it’s a harsh reality of showbiz…

Plunged in Debt

10 Ways to Lose Your Inheritance Without Breaking a Law

Most people assume that once a loved one leaves them an inheritance, it’s locked in. But the truth is, you can legally lose your inheritance in several ways, without breaking a single law. From poor planning to bad financial habits, a windfall can disappear faster than you’d expect. Understanding how…

Clever Dude

8 Church Fundraisers That Quietly Violate Tax Law

Churches play a vital role in communities, offering spiritual guidance, support networks, and often crucial social services. To sustain their operations and missions, many churches...

Saving Advice

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Clever Dude

10 Legal Loopholes That Cost Heirs Thousands

When someone passes away, their loved ones expect to inherit what’s left behind. But the reality is often more complicated. Legal loopholes can eat away at inheritances, leaving heirs with far less than they expected. These loopholes aren’t always obvious. Sometimes, they’re buried in the fine print or hidden in…

Kiplinger

Parents Prepare: Trump's Megabill Brings Three Crucial Tax Changes

Are you a parent? The so-called ‘One Big Beautiful Bill’ (OBBB) impacts several key tax incentives that can affect your family this year and beyond.

Saving Advice

9 Times “Free” Offers Ended Up Costing Seniors Everything

There’s a powerful pull behind the word “free.” It feels like a gift, a reward, or a lucky break, especially for seniors trying to stretch...

Clever Dude

10 Financial Promises That Are Actually Legal Risks

Money advice is everywhere. You see it on social media, hear it from friends, and read it in emails. Some of it sounds great—easy fixes, quick wins, or “guaranteed” results. But not every financial promise is safe. In fact, some can land you in legal trouble. If you’re not careful,…

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GOBankingRates

7 Common Tax Planning Mistakes To Fix Before 2026, According to a CFP

If you're making one of these seven common tax planning mistakes -- and many people are -- you could face higher tax bills or missed opportunities come 2026.

GOBankingRates

7 Tax Loopholes the Rich Use To Pay Less and Build More Wealth

Many wealthy people are super skilled at using all the tax loopholes available to them to minimize their taxes and maximize their wealth.

The Free Financial Advisor

Tax Advice That No Longer Applies in 2025

Tax rules change all the time. What worked last year might not work this year. If you’re still following old tax advice, you could be missing out or even making mistakes. The tax code for 2025 looks different from what you might remember. Some tips that used to save you…

Guitar World

“One of Eric Clapton’s guitars went for half a million dollars. I was, as I often am, in trouble with the IRS. I thought, ‘This is probably the time’”: Todd Rundgren’s love affair with Clapton’s Fool SG, and how he moved on after selling it

He rescued it from peeling-paint hell, restored it after the headstock snapped off, but was never fully happy with the psychedelic Gibson. Then a fan offered a happily-ever-after solution

GOBankingRates

3 Things To Do if You Got an IRS Warning Letter About Your Crypto Activity

If you're a cryptocurrency investor, you might soon hear from Uncle Sam in the form of an IRS letter detailing your tax obligations. Read Next: 13 Cheap Cryptocurrencies With the Highest Potential...

The Conversation

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…

InsideEVs

The EV Tax Credit Is Going Away. Here’s What You Need To Know

Which EVs qualify for the federal tax credit? When is the program ending? All your burning questions, answered.

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