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The Latest Breaking News from Tax Return

9 Tax-Time Decisions That Could Trigger a Surprise Audit

Tax season can feel stressful, even if you think you’ve done everything right. But some choices you make on your tax return can raise red flags with the IRS. No one wants to get that audit letter in the mail. Audits can take up your time, cost you money, and…

Clever Dude

Australians warned to not jump the gun on tax return

The national tax office has warned Australians to be patient in lodging their tax returns as the financial year comes to an end.

AAP

What is the IRMAA (Income-Related Monthly Adjustment Amount)?

IRMAA is a surcharge added to your Medicare Part B and Medicare Part D prescription drug coverage premiums if your income is above a certain level. Here's what you need to know.

Kiplinger

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Would you cheat on your tax? It’s a risky move, the tax office knows a lot about you

Soon, more than 15 million Australians should be lodging a tax return with the Australian Taxation Office in the hope of receiving at least a small refund.

The Conversation

Pope Leo XIV may face a six-figure tax bill for his $33,000-a-month paycheck

Filing a tax return is obligatory for all U.S. citizens, no matter where they live.

Fortune

How to Use H&R Block Tax Prep Software to File Your 2025 Tax Return

Here’s what you need to know if you want to file your taxes with H&R Block’s tax prep software this year.

Kiplinger

Ask the Editor: Reader Questions, March 28 — Tax Returns

Ask the Editor: Taxes, March 28, 2025 — Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on filing tax returns and paying taxes.

Kiplinger

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Organizations Sue ICE, DHS To Prevent IRS From Sharing Immigrants' Personal Data To Enforce Crackdown

Centro de Trabajadores Unidos and Immigrant Solidarity Dupage are suing to prevent the IRS from disclosing tax returns to immigration enforcement officials

Latin Times

Where US Expats Go To File Their US Tax Returns Online

Locating affordable, experienced tax professionals familiar with U.S. and foreign tax codes can be challenging. Meet Expat Tax Online, a dedicated platform streamlining tax preparation for U.S. expats.

International Business Times

Rachel Reeves hikes fines for paying tax returns late

About 1.1 million people missed the deadline to file their self-assessment tax return in 2024, according to HMRC.

The Independent UK

Side hustles: threshold for having to fill in UK tax return to triple to £3,000

Change affecting up to 300,000 people does not mean they will pay less tax and may not happen, in theory, until 2029

The Guardian - UK

When does the new financial year start and what does it mean for businesses?

Increased labour costs are incoming but there’s more for SME owners and sole traders to be aware of

The Independent UK

Good news: Latest data shows you might get a bigger tax refund this year

The average time between filing and receiving a tax return is 21 days, according to an analysis of this year’s tax data

The Independent UK

Hollywood’s go-to celebrity tattoo artist pleads guilty to not reporting over $600,000 to the IRS

‘Winter admitted in court today that he knew he was required to report all his income but wilfully lied about it on his tax returns’, stated the DOJ

The Independent UK

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The Conversation

Influencers have trouble figuring out their tax obligations − and with good reason

The Internal Revenue Service hasn’t issued comprehensive guidance on how the estimated 27 million Americans earning income as influencers should report their income and expenses on their tax returns. That’s leaving people who either make a living or supplement their income by endorsing products and services on social media platforms…

Chicago Sun-Times

Tax refund loans can provide quick cash, but there's also risks

Tax refund loans provide fast cash while you wait for the rest of your refund, but tax preparation costs can outweigh the benefits.

inkl

Do US Expats Need to File Taxes? Here's What the IRS Requires

For many Americans living abroad, the question of whether they need to file US taxes can be confusing. Unlike most other countries, the United States taxes its citizens based on citizenship rather than residency.

Evening Standard

HMRC issues £900 fine warning over tax returns after interest cut

HMRC has cut the interest rate on late payments in response to the Bank of England's recent base rate cut

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Kiplinger

Why You Should Take Extra Care With Your Tax Return

You can minimize your tax bill and avoid unwanted attention from the IRS by watching out for common errors and oversights.

inkl

Does Australia Tax Lottery? An Analysis of the Receivables and Tax Treatment

I have some good news for all the Australians who like to play the lottery. If you are lucky enough to win big in Australia, then you get to keep all of your winnings. There is no tax on lotteries in Australia.

Fortune

It’s tax time, and that means you might be receiving new or unfamiliar IRS 1099 tax forms. Our guide explains them all.

Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different 1099 forms used to report income to the IRS.

Salon

Can't pay your taxes? Here's what to do

While it’s tempting to avoid your tax bill, that will make your situation much worse

International Business Times UK

Over 1 Million Britons To Pay At Least £100 Penalty To HMRC For Missing Tax Returns Deadline

HMRC also notes that there are additional penalties for paying late—5% of the tax unpaid at 30 days, 6 months, and 12 months.

Evening Standard

11.5m taxpayers file returns on time but 1.1m face charge after missing deadline

Thousands of people submitted their tax return with just minutes left to go before the deadline, according to HM Revenue & Customs.

Evening Standard

Rachel Reeves unaware former chancellors had published tax returns

The Chancellor had initially ruled out publishing her tax returns, but has now said she is ‘very happy’ to do so.

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