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The Latest Breaking News from IRS

10 Times the Rich Used Charities to Hide Their Wealth

When you think about charitable giving, you probably picture genuine philanthropy and heartfelt generosity. However, the world of charitable tax avoidance reveals a darker side where some wealthy individuals have exploited the system for personal gain. These schemes don’t just bend the rules—they often break them entirely, costing taxpayers billions…

The Free Financial Advisor

‘I have no shame’: Todd Chrisley speaks out after Trump’s pardon that freed him from prison

Todd Chrisley appeared publicly for the first time since his release at a press conference alongside daughter Savannah Chrisley

The Independent UK

What Do Trump's Pardons for Rich Tax Evaders Mean for IRS Enforcement?

Recent pardons raise questions about tax fairness and the difference between tax avoidance and evasion.

Kiplinger

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Doge employees hold stock in firms set to benefit from cuts, Democrats allege

Elizabeth Warren and others urge investigation over ‘clear conflict of interest and potential criminal violation’

The Guardian - US

What to know about reality TV stars Julie and Todd Chrisley, who were pardoned by Trump

Reality TV stars Julie and Todd Chrisley have been pardoned by President Donald Trump after being imprisoned on federal convictions for bank fraud and tax evasion

The Independent UK

Jailed reality stars Todd and Julie Chrisley appeal fraud convictions as children say family is ‘closer than ever’

Todd Chrisley will be released in 2032 while wife, Julie’s release date is 2028

The Independent UK

8 Obscene Things Rich People Do to Stay Rich

Staying wealthy isn’t just about earning more—it’s about playing a different game altogether. For most people, the rules seem rigged, and the gap between the ultra-rich and everyone else keeps growing. While many work hard and save diligently, the wealthy often use strategies that are out of reach for the…

The Free Financial Advisor

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Scammer Alert: 12 Phone Phrases That Mean You’re Being Scammed (and What to Do)

First investigated in 1982, Richard Allen Minsky, a notorious telephone scammer, built a decades-long career defrauding and assaulting hundreds of women across multiple U.S. states...

Saving Advice

Correctional Officer Sentenced for Smuggling Scheme After IRS Flags Hidden Income

Angela Crosland funneled drugs and contraband into federal prison—until unreported income led investigators to her Cash App.

Latin Times

5 Ways People Are Cheating On Their Taxes—And Getting Away With It

Tax evasion is a persistent issue that undermines the integrity of financial systems worldwide. Despite stringent regulations and advanced detection methods, some individuals and businesses...

Saving Advice

Harvard fights to keep enrolling international students – 4 essential reads about their broader impact

A federal judge in Boston on May 23, 2025, temporarily blocked a Trump administration order that would have revoked Harvard University’s authorization to enroll international students.

The Conversation

Harvard sues Trump admin, calls international student ban ‘blatant violation of the First Amendment’

It's somehow hard to prove retaliation.

We Got This Covered

"Statement on Academic Freedom and Harvard by Right-of-Center Scholars, Lawyers, and Former Government Officials"

Published in today's Chronicle of Higher Education (registration required there, reprinted here with permission): We write as generally right-of-center lawyers,… The post "Statement on Academic Freedom and Harvard by Right-of-Center Scholars, Lawyers, and Former Government Officials" appeared first on Reason.com.

Reason

Why Your Roth IRA Might Not Be As Tax-Free As You Think

A Roth IRA has long been considered one of the smartest retirement tools out there. You pay taxes now, grow your investments tax-free, and withdraw...

Saving Advice

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Latin Times

GOP Lawmaker Berated for Promising to End Free Tax Filing Because It 'Contradicts Taxpayers' Best Interest': 'Anything That Helps Americans is Out'

A Republican congressman is facing backlash after advocating for the end of the IRS Direct File program, stating it went against taxpayers' best interests.

Kiplinger

Are Employee Retention Credit Refunds at Risk Under Trump's Tax Agenda?

Trump's new legislation will bar many small-to-mid-size businesses from claiming the pandemic-era ERC.

The Independent UK

Bessent shouted profanities at a goading Elon Musk in West Wing after Trump told warring pair to ‘have at it’

Bessent repeatedly shouted the profane insult at the Tesla billionaire, who responded by yelling, ‘Say it louder,’ as they brawled within earshot of President Trump.

The Independent UK

Trump’s Big Beautiful Bill edges closer to passing. Here’s what it says, and what it means for you

The bill looks to slash taxes and increase spending on oil drilling, the military, and immigration, while also making cuts to Medicaid and food assistance programs

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news in one place.

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Kiplinger

No Tax on Tips? How the New Tip Deduction Actually Works

Will you stop paying taxes on your tip income? New tax rules may allow some workers to reduce their tax liability on qualified tips. Here’s what you need to know and how to claim it.

Latin Times

Trump Admin Blames 'Unauthorized Access' After IRS Nominee Followed Several Sexual Content Creators on X

Former Rep. Billy Long faced backlash after it was revealed he followed multiple adult content creators on X, including several pregnant influencers.

Roll Call

Trump IRS nominee grilled over ties to fraudulent tax credits - Roll Call

Billy Long faced withering questions from Senate Finance Committee Democrats over his post-congressional business activities.

Latin Times

DHS Deal With IRS Sparks Massive Drop in Tax Filings Among Immigrants: Report

The impact is also being felt in local economies as immigrant-owned businesses have delayed filings or moved toward informal labor

Kiplinger

Is Your Social Security Earnings Record Wrong? Here's How to Fix It

Your Social Security benefits are based on your Social Security earnings record. It's important to review your records to avoid having your benefits reduced.

Reason

New Montana Law Blocks the State From Buying Private Data To Skirt the Fourth Amendment

The Big Sky State becomes the first to close the "data broker loophole" allowing the government to get private information without a warrant.

Reason

Trump's Tax Plan Is a Leftist Economic Agenda Wrapped in Populist Talking Points

The administration shows no coherent commitment to free market principles and is in fact actively undermining them.

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