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The Latest Breaking News from IRS

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.

Fortune

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

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read the most diverse news in one place.

The IRS is in chaos

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

Kiplinger

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.

Reason

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.

Al Jazeera

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

The Guardian - US

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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

Fortune

USPS Is Using Data From Mail And Packages To Help DHS Locate And Deport Migrants

The law enforcement arm of USOS has joined a group of federal agencies, like the IRS, to cooperate with the Trump administration's mass deportation plans.

Latin Times

Iowa immigrant group is alarmed by a state lawmaker's demand for confidential information

A state lawmaker has demanded that an Iowa immigrant rights organization turn over private details about the nonprofit’s legal clients, donors and list of members

The Independent UK

Trump takes a page from Nixon's playbook

"There's way too much retribution," Karl Rove said ahead of President Donald Trump's first 100 days in office

Salon

The uniting theme of Trump’s presidency? Ineptitude

From deportations to human rights to the economy, the president’s actions have resulted in mayhem. Here’s a sampling

The Guardian - US

DOGE's Cost-Cutting Efforts Could Cost US Taxpayers Big Time: Report

DOGE's cost-cutting efforts under Elon Musk may end up costing U.S. taxpayers billions, experts warn.

Latin Times

Trump-appointed lawyer threatens to revoke Wikipedia's non-profit status, putting the online encyclopedia in jeopardy

Is Wikipedia spreading propaganda? Don't ask Ed Martin

PC Gamer

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Fortune

DOGE’s mass federal workforce cuts may cost taxpayers $135 billion this fiscal year alone

Elon Musk’s efforts to slash federal spending are costing the government in lost productivity and tax revenue, workforce and policy experts claim.

The Guardian - US

Chaos unleashed by Musk’s Doge is starting to wane – what does that mean?

Tech billionaire plans to hang up the chainsaw as he steps away from ‘efficiency’ role amid Tesla sales slump

Latin Times

Musk Called Treasury Secretary Bessent a 'Soros Agent' During White House Clash

Billionaire Elon Musk called Treasury Secretary Scott Bessent a "Soros agent" as the two fought in the White House

The Independent UK

Elon Musk and Scott Bessent had a ‘very loud’ shouting match in the West Wing: ‘two billionaire, middle-aged men thinking it was WWE’

The two billionaires have a testy relationship dating back to the post-election transition period

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news in one place.

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Latin Times

Musk Reportedly Engaged In New Shouting Match With Top Trump Cabinet Member: 'It Was Quite a Scene'

Elon Musk reportedly engaged in a loud confrontation with Treasury Secretary Scott Bessent in the White House, Axios reported

The Independent UK

This could be the last year you filed your taxes for free

Trump administration officials hinted at cancelling IRS Direct File program

International Business Times

Kendal Ludden, CPA, Esq. Launches '1913 The Death of US' to Reignite Constitution Literacy & Entrepreneurial Spirit

Named after the pivotal year when the 16th Amendment, 17th Amendment, and the Federal Reserve Act were enacted, creating the modern income tax system, shifting Senatorial elections, and founding the IRS, this nonprofit organization is Kendal's bold response to what he calls 'the systematic erosion of liberty.'

The Independent UK

DOGE gets permission to access sensitive Justice Department immigration data

DOGE reportedly using agency data to construct master system to track and surveil immigrants

Kiplinger

Missed Tax Day? Nearly One Million Taxpayers Still Can File and Claim Valuable Tax Refunds

As many as one million taxpayers could be missing out on a significant tax refund.

The Independent UK

This Midwestern city has long been a federal hub. The pain from DOGE’s cuts is everywhere

The Kansas City, Missouri, metropolitan area has long been a regional hub for the federal government, and the pain from the Trump administration's cuts can be seen everywhere

Salon

DOGE's cuts may encourage tax cheats

New IRS numbers show fewer people are filing their taxes after DOGE took an ax to the agency's workforce

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