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The Latest Breaking News from IRS

Nevada Becomes the 21st State To Strengthen Donor Privacy Protections

A new law prohibits the state from requiring nonprofits to disclose the personal information of their supporters, protecting Americans’ First Amendment right to free association.

Reason

10 Tax Deductions You Forgot Were Legal

Tax season can feel like a maze, and it’s easy to miss out on valuable deductions that could put more money back in your pocket. Many people focus on the obvious write-offs, like mortgage interest or charitable donations, but there are plenty of lesser-known tax deductions that are perfectly legal…

The Free Financial Advisor

7 Capital Gains Rules That Will Shock First-Time Investors

If you’re dipping your toes into the world of investing, you’ve probably heard the term “capital gains” tossed around. But what does it really mean for your bottom line? For first-time investors, understanding capital gains rules isn’t just a matter of curiosity—it’s essential for keeping more of your hard-earned money.…

The Free Financial Advisor

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Will RMDs Ruin the 4% Rule for You?

Don't let required minimum distributions (RMDs) rain on your retirement parade.

Kiplinger

Watch Out for Annuity Surrender Charges: How to Avoid Them

Pulling money out of an annuity early can be a costly proposition. Here's how surrender charges work and one potential way around them — an annuity "ladder."

Kiplinger

The ITIN Lady: Sirius Tax Group Founder Is a Tax Expert Who Puts People First

The IRS can feel like an intimidating entity, full of complex rules and red tape. Now imagine facing that same system as a non-U.S. citizen, someone unfamiliar with the intricacies of U.S. tax laws, unsure of how to navigate the requirements. That's where Sydney R. Smith, MBA, CAA, steps in.

International Business Times

Brad Keselowski compares NASCAR rule book to "IRS tax code" after RFK failures

Brad Keselowski sits 32nd in the championship standings after a difficult start to the 2025 season. A fifth-place finish last weekend in the Coca-Cola 600 was both his first top five and top ten of the year.

Motorsport

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Energy-Efficiency Credits — Get’ Em While You Can

Green energy-efficiency credits are on the chopping block. These tax credits can be valuable, but you should upgrade your home sooner rather than later.

Kiplinger

Has Big Brother arrived? Inside the secretive Trump effort to centralize government data on millions of Americans

Effort spans key agencies, including Homeland Security, the IRS, and Social Security

The Independent UK

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

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

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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 Free Financial Advisor

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…

Saving Advice

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...

Latin Times

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.

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Saving Advice

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...

The Conversation

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.

We Got This Covered

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

It's somehow hard to prove retaliation.

Reason

"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.

Saving Advice

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...

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.

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