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The Latest Breaking News from IRS

House Ways & Means Chair Calls For IRS Overhaul

House Ways & Means Committee Chair Jason Smith pushes for IRS reform and accountability amid allegations of misconduct and weaponization.

Top News

Six Risks of Delaware Statutory Trusts in 1031 Exchanges

Here's how proper preparation can help you successfully navigate these DST risks, from market uncertainties to structural limitations.

Kiplinger

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.

Fortune

Smart money! Nearly half of Americans trust AI to do their taxes over a trained human

‘It is harder to do something like tax filing because it’s something distracting from the other things they are doing’

The Independent UK

Ten IRS Audit Red Flags for Self-Employed Individuals

Taxpayers who file Schedule C with their Form 1040 have a greater chance of an IRS audit

Kiplinger

Why does the US have it in for gig workers?

There are 64 million freelancers and there’s no way the IRS or Department of Labor can track them – but they try

The Guardian - US

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

Salon

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Fortune

Wondering how soon you’ll receive your tax refund? We’ll show you how to check on the status of your refund.

Most taxpayers can expect to receive their refund in a matter of weeks. We’ll show you how you can check up on the status of your tax refund.

Fortune

Did you get a surprisingly high 2024 tax bill? Here are 3 strategies you could use to bridge the gap

Nobody likes learning about unexpected tax liabilities at the last minute, but paying with cash isn’t your only option.

Fortune

Did you earn a bonus on a new bank account last year? That’s taxable income

IRS rules say that interest earned on bank accounts is taxable income. If you earned a bonus when opening a new account, you should expect to pay taxes on that, too.

inkl

Crypto Earnings and iGaming Winnings - How Do They Tax Them?

We live in a time where there are more opportunities to make or win money online than ever before. As well as side hustles like writing or design work, two areas that have really advanced are iGaming and cryptocurrency.

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news in one place.

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Al Jazeera

Trump announces plan to launch task force against ‘anti-Christian bias’

At a prayer breakfast, Trump said the task force would prosecute the ‘targeting’ of Christians within government.

Kiplinger

Trump Wants You Out of the IRS, But You'll Have to Wait Until May

Some IRS employees won’t be able to resign using the buyout offer until the end of tax season.

Kiplinger

Are Tips Taxable in 2025? Understanding the IRS Rules

With all the recent talk about ending federal taxes on tips, some wonder whether tips are taxable income.

Latin Times

IRS Employees Who Took Trump 'Buyout' Ordered to Stay, Told Their Work Is Too 'Essential'

Internal Revenue Service (IRS) employees who accepted the Trump administration's buyout and opted for deferred resignation have been asked by their employers to continue working for a few months due to the "essential" nature of their jobs.

Top News

IRS Employees Restricted From Accepting Buyouts Until After Tax Deadline

IRS employees face restrictions on buyout offers until after tax season, raising concerns about service impact and contract validity.

International Business Times

American Gen Z, Millennials More Likely To Trust AI With Tax Filing Over CPAs: Survey

A new survey found that Gen Z and Millennial Americans are more likely to rely on AI with tax filing assistance over tax professionals like CPAs, signaling a shift in U.S. taxpayer attitudes toward filing taxes.

Kiplinger

Five Strategies to Defer Capital Gains in Real Estate Investing

These powerful strategies, from timing your sales during low-income years to leveraging qualified opportunity zones, can defer capital gains taxes on your real estate investments.

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