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The Latest Breaking News from IRS

Types of Income the IRS Doesn't Tax

It might feel as if the IRS taxes most of your hard-earned money, but some types of income are nontaxable.

Kiplinger

IRS Targets High-Income Earners For Unpaid Taxes

IRS targets high-income earners for unpaid taxes dating back to 2017, sending noncompliance letters to 125,000 individuals.

Top News

Treasury Department Deploys AI To Combat Fraud

Discover how the Treasury Department is leveraging AI technology to combat fraud effectively and safeguard government funds.

Top News

From analysis to the latest developments in health,
read the most diverse news in one place.

Looking for the Right Tax Professional for You? Seven Factors to Consider

The right professional will help you more than just once a year.

Kiplinger

What is the Child Tax Credit and Who's Eligible in 2024?

With tax season in full force, learn more about what options are available for you such as the Child Tax Credit

Latin Times

Financial Considerations For Americans Moving Abroad

Understand financial challenges for Americans moving abroad: banking, taxes, retirement, and estate planning. Seek expert advice for a smooth transition.

Top News

IRS Whistleblowers Reveal Evidence Of Hunter Biden's Alleged Schemes

Ongoing legal proceedings involving Hunter Biden's business dealings and potential influence of Joe Biden under scrutiny.

Top News

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What Is Earned Income Tax Credit and Who's Eligible in 2024?

A comprehensive guide on the little-known Earned Income Tax Credit

Latin Times

Three Strategies for Small Businesses to Reduce Taxes

Small businesses can lower their tax liability by taking advantage of tax breaks, tax credits and charitable donations. Here are some options.

Kiplinger

What Every Woman Needs to Know Before Retiring

A look at how women need to prepare differently than men for retirement due to factors like longevity and earnings.

Kiplinger

US Hopes To Reap Windfall From IRS Crackdown On Wealthy Tax Dodgers

IRS ramps up efforts to combat tax evasion by millionaires and billionaires, citing annual evasion of over $150 billion.

International Business Times

529s: No Longer the Ho-Hum Investing Device for College

Changes to the plans allow for the savings to be rolled into a Roth IRA, as long as certain rules are met, if a child decides not to pursue their education.

Kiplinger

IRS Launches Audits On Business Aircraft Personal Use

Learn about IRS audits on business aircraft, focusing on personal use and tax deductions. Detailed record-keeping is crucial for compliance.

Top News

Does Your Child Need to File a Tax Return This Year?

Here’s how to tell if your child needs to file a tax return and how it can impact your tax liability.

Kiplinger

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Tax Deadline Extension Information For Taxpayers

Stay informed about tax deadlines, extensions, and penalties to ensure timely filing and avoid fees.

Kiplinger

Will Your IRS Refund Be Less This Year?

Data show federal tax refunds are about $600 lower this year than last. Will you get less money back from the IRS this tax season?

Top News

IRS campaign brings potential tax scrutiny for American soccer club owners

The IRS' Sports Industry Losses campaign has raised concerns for owners of American soccer clubs as it may scrutinize their reported tax losses.

Top News

Tax refunds in the US lower, IRS expects over 128 million returns

Find out why Americans are receiving smaller tax refunds this year. Discover the average refund amount, the IRS's explanation, and how to track your refund.

Get all your
news in one place.

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Top News

Bitcoin Taxes: Key Reminders to Stay IRS Compliant Amid Record High

Discover the top six things to keep in mind to stay out of IRS tax troubles as Bitcoin approaches its all-time high. Stay informed and avoid tax implications.

Kiplinger

2026 Tax Deadline: Does Your State Have an IRS Disaster Extension?

The IRS has extended tax deadlines in several states due to severe storms, fires, hurricanes, and other natural disasters. See if you qualify for relief.

International Business Times

IRS Reports 29% Decrease In Average Tax Refunds For 2024

IRS notes a 29% drop in average tax refunds for 2024, citing factors like refund delays and inflation adjustments.

Kiplinger

How the IRS Taxes Retirement Income in 2026

It's important to know how common sources of retirement income are taxed.

Kiplinger

Did You Bet on Super Bowl 59? Don’t Forget Taxes

If you won or lost a bet on the big game, remember these sports betting considerations to avoid tax surprises later.

Bored Panda

55 American Marketing Scams That People Can’t Believe Others Fall For

This only can be labelled as marketing fraud - an illegal practice that makes false or misleading claims for financial gain. The post 55 American Marketing Scams That People Can’t Believe Others Fall For first appeared on Bored Panda.

Kiplinger

Minnesota Child Tax Credit in 2024: How Much Will You Get?

The Minnesota child tax credit is the highest state credit in the country. Here’s how to tell if you qualify — and how much money you’ll get.

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