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The Latest Breaking News from IRS

IRS Restarts Processing of Some ERC Refunds: What to Know

Some businesses may receive employee retention tax credit payments as early as September.

Kiplinger

Jamie Dimon wants to hit millionaires with 'Buffett Rule' to tackle national debt

'The Buffett Rule' was coined after the Berkshire Hathaway CEO highlighted he pays the same percentage share of income tax as his secretary Debbie Bosanek.

Fortune

What Is an IRA and Which Type is Best for You?

An Individual Retirement Account (IRA) is a tax-advantaged savings account to help you boost your nest egg. Learn which type of IRA is best for you.

Kiplinger

From analysis to the latest developments in health,
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Some States Won’t Participate in IRS Direct File for 2025

You may not be able to use the new IRS tax filing system if your state doesn't allow it. Plus, an incoming Congress could eventually bring an end to the program.

Kiplinger

Should Tax on Tips Stay or Go Under Trump?

As the No Tax on Tips Act gains momentum, economists warn of potential pitfalls. Will not taxing tips help or hurt workers?

Kiplinger

Coca-Cola is going reverse Yankee by selling €1 billion of Euro debt to cover a potential tax charge

The beverage company has been in a long-drawn dispute with tax authorities in the U.S. over a $16 billion charge that it could possibly owe.

Fortune

Lady Changes Birth Name At 22 To Forget The Past, BF Finds Out And Starts Using It, She Dumps Him

In human existence, there are a couple of fundamental things that we can’t choose. Not only can we not choose our genetics, birthplace, and environment from the get-go, but our names are typically given by our parents too. Fortunately, at least changing one’s name is possible. Although it’s quite a…

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Kamala Harris Is Running on 'Freedom.' Does She Mean More Than Just Abortion?

Gov. Tim Walz, the vice presidential candidate, told Republicans to "mind your own damn business" about abortion policy. Perhaps they should apply that concept further.

Reason

Will Elon Musk Crack Down on IRS Tax Cheats Who Owe $50 Million?

IRS employees are required to pay their taxes on time, but thousands slipped through the cracks.

Kiplinger

401(k) Plans: What You Need to Know Now

Are 401(k) plans really worth it? Here's how they work and the five advantages of owning a plan. Your older self will thank you for investing in one.

Kiplinger

The Top 1% Save Over $150 Billion in Taxes Annually: 5 Tax-Saving Strategies They Use

Millionaires often leverage provisions like backdoor Roth IRAs, 1031 exchanges, and business asset depreciation to reduce tax liabilities and preserve capital.

International Business Times UK

Three Key Facts to Know About Your RMDs

If any of your retirement savings are in a tax-deferred account, then you will face required minimum distributions (RMDs). Not having a strategy could prove costly.

Kiplinger

Coca-Cola To Pay Billion In Back Taxes

Coca-Cola to pay billion in back taxes to IRS while appealing a 17-year-old tax court case.

Top News

Coca-Cola To Pay $6Bn In Back Taxes While Appealing IRS Ruling

Coca-Cola maintains that the IRS and the Tax Court misinterpreted the regulations and believes it will succeed on appeal.

International Business Times

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The Independent UK

Coca-Cola to pay $6 billion in IRS back taxes case while appealing judge's decision

Coca-Cola Co. says it will pay $6 billion in back taxes and interest to the Internal Revenue Service while it appeals a federal tax court decision in a case dating back 17 years

Investors Business Daily

Congress Is Coming After Your Inherited IRA — What To Do

Just received an inherited IRA? If so, don't forget about taxes. For most non-spouses, it's vital to map out a withdrawal plan.

International Business Times UK

Newly Wed Wants Advice On How To Protect Her $1.3M Home And Finances From 'Monster' Husband

An LA woman fell for a narcissist who is also a control freak but leaves breadcrumbs of hope to keep her invested in the relationship.

Kiplinger

How to Fix a Trust Dilemma to Prevent a Tax Bomb

A bypass, or AB, trust splits into two trusts when one spouse in a married couple dies, cutting the estate taxes for beneficiaries.

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The Independent UK

Is paying college athletes charity? Even in the confusing NIL era, it looks increasingly unlikely

The entrance of name, image and likeness deals in college sports has raised questions about what it means to be a tax-exempt charitable organization

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Woman Gets $30K Inheritance, Doesn’t Get Why Brother Keeps Asking Her For The $3K She Owes Him

A rather well-off man sparked an online debate when he wondered if he was wrong for demanding that his sister return a $3K loan after she received a $30K inheritance. The post Woman Gets $30K Inheritance, Doesn’t Get Why Brother Keeps Asking Her For The $3K She Owes Him first…

International Business Times

Bitcoin 2024 Keynote: Who Nailed It, RFK Jr. Or Donald Trump?

Two of the biggest political names in the U.S. graced the Bitcoin 2024 conference in Nashville and delivered speeches that have now become a point of comparison among crypto users – who did it better?

International Business Times

Bitcoin 2024 Key Takeaways: $BTC-Centric Executive Orders, Strategic Reserve Bill, Firing Gensler

Bitcoin 2024 in Nashville has ended, but talks around the massive announcements during the conferences continue, especially with promises made by two presidential candidates, as well as a potential bill to make $BTC a U.S. strategic reserve asset.

Reason

"Two Men Plead Guilty to Acting as Illegal Agents of the PRC Government and Bribery"

From Thursday's press release by the Justice Department (see also the Indictment itself): JOHN CHEN and LIN FENG pled guilty to acting as unregistered agents of the government of the People's Republic of China ("PRC") and bribing an Internal Revenue Service ("IRS") agent in connection with a plot to target…

Kiplinger

Who Will Be the Beneficiaries of Your Wealth?

Deciding who you want to inherit your wealth, as well as when and how, is a crucial first step in estate planning. Here are the four beneficiaries to keep in mind.

Kiplinger

IRS Ends Inherited IRA Confusion: Annual RMDs Required for Many

The agency has resolved a major point of uncertainty for inherited IRA beneficiaries.

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