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The Latest Breaking News from IRS

Could the CPA shortage ruin tax season this year?

There’s a continuing shortage of accountants in the U.S. CPAs are overwhelmed—leading to delays and errors during peak tax season.

Fortune

Tax season 2025: Everything you need to know about deadlines, refunds, audits and more

IRS will begin accepting and processing 2024 returns on Jan. 27.

Fortune

Trump ordered a hiring freeze on new IRS agents. Could it impact your tax return?

The 2025 tax filing season is set to start next week

The Independent UK

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read the most diverse news in one place.

Getting Divorced? Beware of Hidden Tax Traps as You Divide Assets

Dividing assets fairly in a divorce means looking beyond their current values and asking whether they'll create tax liabilities — or tax breaks — in the future.

Kiplinger

Top 10 Benefits of Self-Directed 401(k) - Unlock Your Financial Future

The current financial situation has made it more crucial than ever to take control of your retirement funds. Also, with the rise of personalized financial planning, self-directed investment choices have become more appealing. Among these alternatives, the self-directed 401(k) plan stands out as an effective tool!

inkl

3 Stocks to Gain From Donald Trump’s External Revenue Service

Imagine no longer having to pay income taxes. Trump wants to replace the IRS with the External Revenue Service to collect tariffs to fund the Federal Government

MarketBeat

Finance Democrats seek assurances from Bessent on taxes ahead of vote - Roll Call

Senate Finance Democrats want Scott Bessent to submit to an IRS audit and release his tax filings ahead of panel vote Tuesday.

Roll Call

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Why Digitizing Your Tax Records Can Simplify Your Filing in 2025

If you can, switching from paper to e-filing your taxes can have many benefits.

Kiplinger

XRP Prices Surge Over 30% After Leak of Trump's America-First Strategic Reserve Plans and ETF Buzz

XRP prices reached an all-time high of £2.76 this week after reports emerged that Trump could establish the America-First Strategic Reserve to prioritise the Ripple-backed coin.

International Business Times UK

No TikTok, No Taxes? App Ban Threat Sparks Creator Tax Rebellion

The TikTok community faces an uncertain future, but tax laws apply regardless of the app’s fate.

Kiplinger

Influential Lawyer Who Called for End to Trump Criminal Cases Indicted for Tax Evasion, Allegedly Owes Millions

A top Supreme Court lawyer has been indicted on federal tax evasion charges after he paid off hefty amounts of debt accrued from high-stakes poker games using money from his law firm.

Latin Times

IRS Commissioner Werfel To Resign, Trump Picks Replacement

IRS Commissioner Danny Werfel resigns, paving the way for a new leader as President-elect Trump takes office.

Top News

TikTok influencers threaten to not pay their taxes if the app gets banned

Tax experts warn TikTokers it’s ‘not legal’ to avoid paying their taxes.

Fortune

Oklahoma Officials Engaged in Sexual Activities 'On City Property and On City Time': Audit Claims

A forensic audit in Oklahoma reveals extensive misconduct, including sexual activities on city property and financial mismanagement by former city officials.

Latin Times

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Reason

Comparing The Dates of Tom Goldstein's SCOTUS Oral Arguments And The Dates In His Indictment

According to the government, Goldstein was very busy before and after his arguments at the Court.

Louder

“All you have to do is turn on the TV and you’re inundated by complete lies from people who are supposed to be running this country”: How distortion, chaos and a world gone mad shaped R.E.M.’s game-changing album Document album

On 1988’s Document album, ‘the thinking person’s rock band’ ditched the jangling guitars for distortion, power chords and arena rock singles

Top News

Scott Bessent Pledges To Keep IRS Direct File Program Open

Scott Bessent commits to maintaining IRS Direct File for 2025 tax season amidst criticism from House Republicans.

Bored Panda

Americans Who Moved Abroad Share What Things Are Scams In The US, Here Are The 45 Best Posts

Someone asked “What's the biggest scam in America?” and people shared their thoughts and comparisons. The post Americans Who Moved Abroad Share What Things Are Scams In The US, Here Are The 45 Best Posts first appeared on Bored Panda.

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Top News

New Tax Reporting Requirements For Crypto Transactions In 2025

Learn about the new IRS reporting requirements for crypto transactions in 2025 and how they impact individuals and ETF holders.

Kiplinger

Trump’s Pitch for an ‘External Revenue Service’ Agency Attempts to Shroud Who Pays for Tariffs

Tariffs are paid by domestic importers, even though they are levied on foreign nations.

Reason

Hegseth on Defense

Plus: Who's on deck for the next round of confirmation hearings, Trump wants to create a second IRS, Cuba is no longer doing terrorism, and more...

International Business Times

Trump Announces 'External Revenue Service' To Collect Tariffs And Foreign Revenue

"It is time for that to change. I am today announcing that I will create the EXTERNAL REVENUE SERVICE to collect our Tariffs, Duties, and all Revenue that come from Foreign sources," Trump wrote in a post.

Top News

IRS Reminds Small Businesses Of Upcoming Tax Deadline Extensions

IRS reminds small businesses in disaster-affected areas of varying tax deadlines in 2025.

Fortune

Chime customers can file taxes for free on the app

Fintech company Chime thinks it has cracked the code for tax filing—by making the process easy, rewarding, and free.

Kiplinger

House GOP Bill Aims to Abolish the IRS and Rewrite the Tax Code

The stability of the IRS is crumbling as the U.S. presidency changes hands.

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