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The Latest Breaking News from IRS

The DOJ's Flimsy Legal Theories To Support Trump's 'Anti-Weaponization Fund'

Despite the administration's arguments, a multibillion-dollar settlement fund with no judicial oversight is fairly unprecedented.

Reason

401(k) to gold IRA rollover 2026: Why investors are shifting retirement savings into physical gold protection?

Retirement investors are rapidly searching for 401(k) to gold IRA rollover strategies as economic uncertainty grows across the United States. Rising inflation, volatile stock markets, and global tensions are reshaping retirement planning in 2026. Many Americans now want physical gold IRA protection instead of relying only on traditional 401(k) investments.…

The Economic Times

Beyond the BBQ: Memorial Day Is Also a Reminder to Claim the New $6,000 Senior Tax Deduction Before Summer

For many retirees, Memorial Day marks the unofficial start of summer, filled with cookouts, family gatherings, and travel plans. However, this holiday weekend is also...

Saving Advice

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IRS Won’t Automatically Reissue Paper Checks for Rejected Direct Deposits—You Must Update Bank Info

Tax season brings relief for millions of Americans, but a simple banking error can turn that excitement into frustration fast. When a direct deposit fails, many taxpayers assume a paper check will automatically arrive as a backup. That assumption can lead to long delays, missed money, and a confusing waiting…

The Free Financial Advisor

The New Banking Trend That Could Make Paper Checks Harder to Use

Paper checks are quietly losing their grip on everyday financial life as banks roll out faster, more digital-friendly systems. A major shift in banking technology now pushes money through real-time networks that process payments in seconds instead of days.

The Free Financial Advisor

Trump's big beautiful income tax dodge

The president's settlement with the Justice Department means he could never face IRS audits again

Salon

Projected 2027 IRMAA Brackets and Surcharges for Medicare Part B and D

Will you owe the Medicare IRMAA surcharge in 2027? Grab your 2025 tax return and check the projected brackets and surcharges for next year.

Kiplinger

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Our Taxpaying 'Golden Hour' Won't Last: These 4 Urgent Moves Can Help Insulate Your Wealth Before It's Too Late

The growing U.S. deficit can only be controlled by cutting spending, accelerating growth or raising taxes. The latter is a real risk, but you can be prepared.

Kiplinger

The Art of the Deal

The Trump/DOJ Settlement Agreement:—"Utterly stupid, morally wrong."

Reason

Tax Experts Warn U.S. Could Lose Up to $479 Billion in Revenue as Undocumented Immigrants Avoid Filing Taxes Out of Fear

The IRS has estimated that a 1% drop in voluntary tax compliance would result in roughly $46 billion in lost federal tax revenue.

Latin Times

Congress Democrats Grill Treasury Secretary About Trump's $1.8B Anti-Weaponization Fund

Democrats on the Senate Finance Committee asked Treasury and IRS officials to explain their role in an "Anti-Weaponization Fund" for people who claim they were wrongly targeted by the Biden administration.

International Business Times

Short Circuit: An inexhaustive weekly compendium of rulings from the federal courts of appeal

SWAT damage, sloppy briefs, and forced confessions.

Reason

Trump Faced a $100 Million Tax Bill Until the IRS Was Ordered to Stop Auditing Him

Donald Trump's $100 million tax dispute over his Chicago skyscraper ends with a DOJ settlement barring IRS audits, sparking debate over tax accountability and legal precedents.

International Business Times UK

IRS wants to store your biometric data for longer to help in its investigations

New proposals would allow third-party contractor to hold onto U.S. taxpayers’ identifying information for up to three years after their accounts are closed, inviting privacy concerns

The Independent UK

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International Business Times UK

Boxing Legend Floyd Mayweather Ordered To Pay $1M After Vegas Club Woman Paternity Case

Floyd Mayweather faces significant financial and legal challenges, including IRS liens and a paternity ruling, which threaten his image of wealth and success despite his active exhibition schedule.

The Economic Times

Donald Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax system

Donald Trump's tax probes have ended. The Internal Revenue Service agreed to drop all pending investigations into the former president's tax payments. This decision came as part of a settlement for a lawsuit Trump filed over a leak of his tax returns. The agreement grants Trump and his organisation immunity…

International Business Times UK

Former TV News Anchor Lost $60,000 After Scammers Promised Her a $5.5 Million Publishers Clearing House Prize

Linda Coble, Hawaii's first female TV news anchor, lost nearly $60,000 to a sweepstakes scam, highlighting the dangers of fraud and the need for public awareness.

AAP

Trump immunity from IRS audit shocks experts, who warn it could undermine trust in tax system

Donald Trump has a reputation for slashing his taxes using techniques that some experts find aggressive

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news in one place.

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Reason

The $1.776 Billion in Trump's 'Anti-Weaponization Fund' Fits a Pattern of Fanciful Figures

In one lawsuit after another, the president has claimed damages in amounts completely disconnected from reality.

Reason

The Supreme Court Protected Donor Privacy. The IRS Didn't Get the Memo.

The federal government is still fighting to collect nonprofit donor information despite Supreme Court warnings that such demands chill free speech.

The Independent UK

Trump’s $1.8B ‘slush fund’ appears to violate a mandate created more than a year ago: legal experts

Then-AG Pam Bondi’s memo laid out that the Justice Department should not use settlements ‘to require payments to nongovernmental, third-party organizations that were neither victims nor parties to the lawsuits’

The Conversation

Nonprofit fraud: Amid high-profile prosecutions, an accountant explains what’s really going on

Nonprofit fraud is in the news a lot these days.

The Guardian - US

Trump has created a slush fund of taxpayer money to give to his friends

The ‘Anti-Weaponization Fund’ is an extraordinary example of bald self-dealing

The Independent UK

‘Dirty deal’: Trump bailed himself out of IRS trouble and got a $1.8B ‘slush fund’ for allies. Legal experts sound the alarm

IN FOCUS: Anyone cutting checks to Trump’s allies or throwing out tax investigations should start lawyering up, experts tell Alex Woodward

Reason

It's Not Just ICE Stockpiling Weapons—the IRS, EPA, and Other Feds Are Arming Up Too

An armed IRS agent roaming the streets should send shivers down the spine of any freedom-loving American.

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