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The Latest Breaking News from IRS

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.

Reason

IRS Government Watchdog Warns More Layoffs to Come

Over 11,400 IRS employees took the Trump-instructed buyout or were terminated. What does it mean for your taxes going forward?

Kiplinger

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read the most diverse news in one place.

U.S. Regulators Target CrowdStrike: Is It a Signal or Noise?

CrowdStrike faces a regulatory probe involving a $32 million transaction with Carahsoft, which could create more volatility in CRWD stock before earnings

MarketBeat

How to Be Your Own Consumer Watchdog

Big changes are afoot at federal agencies. Make these moves to protect yourself financially.

Kiplinger

The Three Retirement Tax Issues I Nag My Clients About

A financial professional highlights areas of tax planning that retirees should have on their radar as they finalize their retirement plan.

Kiplinger

Trump-Appointed Judge Rejects Bid to Block IRS From Sharing Tax Data to Identify Undocumented Immigrants

A Trump-appointed judge rejected a motion to prevent the IRS from sharing information aimed at locating undocumented immigrants

Latin Times

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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

Judge refuses to block IRS from sharing tax data to identify and deport people illegally in US

Trump-appointed judge denies injunction in a lawsuit filed by nonprofit groups

The Independent UK

He’s the first American Pope in history, but Leo XIV might not be able to escape the IRS

The native Chicagoan and baseball fan will likely need to get his finances in order with the IRS, like any other American, despite his new status

The Independent UK

IRS could use AI to replace workers after mass layoffs

Considerable IRS workforce cuts could be replaced with bots.

TechRadar

CrowdStrike Stock Falls Amid Report Government Probing Software Deal

Shares in cybersecurity firm CrowdStrike fell amid a report that its top executives are part of a government probe involving a technology distributor and the IRS.

Investors Business Daily

Can Trump strip Harvard of its charitable status? Scholars of nonprofit law and accounting describe the obstacles in his way

President Donald Trump has repeatedly threatened to revoke Harvard University’s tax-exempt status, and some media outlets have reported that the Internal Revenue Service is taking steps in that direction.

The Conversation

Big Tax Deduction Increase Proposed for Those Over Age 65

A new bipartisan bill and a tax plan from the House GOP could mean bigger retirement tax savings to offset taxes on Social Security and high prices.

Kiplinger

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The Independent UK

IRS workers forced into ‘mandatory overtime’ to deal with flagged returns after DOGE cuts

Processing center employees ordered to work weekends this month to tackle deluge of returns flagged as containing errors amid widespread staff cuts

Fortune

DOGE cuts at IRS are ‘Christmas coming early’ for tax cheats, policy analyst says

Staff reductions have eliminated one-third of the of the IRS staff who collect tax money—with more on the way.

Kiplinger

New HSA Contribution Limits Are Set for 2026: What to Know Now

The IRS says Health Savings Account contribution limits will increase again next year due to inflation.

Fortune

Credit Suisse admits scheme to hide more than $4 billion in offshore accounts for ultra-rich Americans

Credit Suisse’s services unit agreed to pay $511 million in fines, penalties, restitution, and forfeitures, authorities said.

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news in one place.

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Kiplinger

Ask the Editor, May 4 — Questions on Tax Deductions, Losses

In our Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers readers' questions on tax deductions and losses.

Kiplinger

As the Market Seesaws, Should You Touch Your 401(K)?

401(k)s are built for the long haul. Reacting emotionally in the short term can do serious long-term damage to your retirement plans.

Kiplinger

The IRS is in chaos

DOGE, departures, data agreements and more are creating havoc at the IRS.

Reason

The IRS Says Your Digital Life Is Not Your Property

A Supreme Court case could determine whether Americans own their digital data—or whether the government can take that information without a warrant.

Al Jazeera

Donald Trump renews threats against Harvard University’s tax exempt status

Democrats have called for an investigation into whether the president is pressuring the IRS to strip Harvard’s status.

The Guardian - US

Trump repeats legally dubious threat to ‘take away’ Harvard’s tax-exempt status

Federal law prohibits president from directing or influencing the IRS to investigate or audit an organization

Fortune

Beware of ‘check-washing’ scams—a crook stole $310,000 from one entrepreneur and the banks responsible won’t help

In 2023, nearly 80%, or $21.1 billion, of global check fraud occurred in the Americas

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