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The Latest Breaking News from IRS

Trump Attorney Confirms Cohen Payments Disclosed To IRS

Trump attorney questions disclosure of payments to Michael Cohen in 2017, highlighting importance of financial record-keeping and tax compliance.

Top News

Final EV Tax Credit Rules Don’t Change Much for Consumers

Treasury and IRS have finalized regulations for the up to $7,500 electric vehicle tax credit.

Kiplinger

Former IRS officer sees big scope for ‘MSMEs revolution’ in Chittoor

Former IRS officer and TDP candidate Daggumalla Prasada Rao envisions Chittoor as a thriving hub for MSMEs and agricultural development.

The Hindu

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Participation of more MPs needed in discussions on key affairs in Parliament says Daggumalla

Former IRS officer Daggumalla Prasada Rao aims to bring dynamic change to Chittoor as TDP MP candidate.

The Hindu

IRS Overhauls Audit Practices To Address Disparities

IRS takes steps to address audit rate disparities, focusing on Black taxpayers, wealthy individuals, and major corporations.

Top News

Certified Mailing Solutions, Inc. Brings the IRS' Certified Mail® Into the Modern Age, Renewing a Five-Year Contract

To increase security and ensure the mail is received, senders can use Certified Mail®. This is a service provided by the United States Postal Service (USPS) that provides the sender with proof of mailing and verification that their letter has been delivered.

International Business Times

Michael Avenatti's Role In Stormy Daniels Case Resurfaces

Attorney Emil Bove raises questions about Michael Avenatti's impact on Stormy Daniels' representation amid legal proceedings and Avenatti's subsequent lega...

Top News

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Can I Use My Business Credit Card for Personal Use?

Using business credit cards for personal expenses can affect your personal credit scores, lead to account closure, or land you in trouble with the IRS.

International Business Times UK

IRS targets sports owners' tax avoidance

Billionaires generate what can be hundreds of millions in tax savings by purchasing professional sports teams

Salon

What is Vishing and how does it work?

Vishing is one of the fastest-growing types of cybercrime, making it urgent to know how it works and avoid becoming a victim. This article tells you what you need to know about vishing and how to avoid falling victim to it.

TechRadar

They’re back: Cohen and Avenatti return to spotlight at Trump trial

Trump’s former fixer to appear as prosecution witness, while Avenatti, serving prison sentence, willing to testify for defense

The Guardian - US

All Rivians Under The $80,000 Price Cap Qualify For $3,750 Federal Tax Credit

The 2024 Rivian R1S and Rivian R1T models have been officially listed by the IRS among electric cars eligible for the $3,750 federal tax credit.

InsideEVs

Can You 1031 Exchange into a REIT?

No, you can't, but two other REIT-like alternatives let you defer capital gains taxes while giving you exposure to institutional-quality real estate assets.

Kiplinger

Retirees Face Significant Tax Bills Due to Fraud

A new report sheds light on how older adult scam victims end up with big tax bills and lost retirement savings.

Kiplinger

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H&R Block server outage leaves tax day filers hanging — here's what you can do

An H&R Block server overload is preventing thousands from e-filing their taxes today. Here's how you can get around the issue for free and dodge late fees.

InsideEVs

The U.S. Paid $580 Million In Point-Of-Sale EV Tax Credits So Far This Year

The U.S. government's support scheme seems to be pretty popular, with the IRS receiving about 100,000 time-of-sale EV reports so far.

WEKU

When rogue brokers switch a person's ACA health insurance, tax surprises can follow

Some tax filers' returns are being rejected because they failed to provide information about Affordable Care Act coverage they didn't even know they had.

Kiplinger

Tax Day: Is the Post Office Open Late on April 15? What to Know for 2025

Tax Day means some people need to mail their federal income tax returns.

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news in one place.

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Top News

IRS Exceeds Tax Filing Service Goals, Seeks Sustained Funding

IRS successfully met service goals for tax filing season despite challenges, emphasizing need for sustained funding.

Kiplinger

Seven Ways to Spend Your Tax Refund

You may want to splurge, but using your tax refund to save for the future or pay down debt is a much better idea — even if not as fun.

Reason

Don't Forget To Claim Drug Dealing Income on Your Taxes

According to IRS guidance, any income derived from illegal activity is taxable, and there's no statute of limitations on when they can go after you.

Kiplinger

High Earners: Beware of These Illegal Schemes to Lower Taxes

The IRS says high-income filers are targets for several illegal tax schemes.

WEKU

Biden to hold summit with Japan, Philippines; FAFSA delays threaten college enrollment

President Biden hosts the leaders of Japan and the Philippines. Fewer high school seniors are completing their FAFSA form.

The Guardian - US

Four big tax myths flying around on TikTok: ‘Anyone who follows this is in for a world of hurt’

As Tax Day approaches, accountants debunk some money-saving claims that are a little too good to be true

WEKU

Five things to know as the tax deadline looms

April 15th, the deadline to file your income taxes, is just around the corner. Filings so far this year are on track with last year's, while the average refund is slightly larger.

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