The Latest Breaking News from IRS

Managing business finances can be challenging, especially for those lacking experience. Proper organization and record-keeping are crucial for accurately reporting taxes and maximizing deductions, which can significantly reduce tax liability and improve financial health.

The IRS fines hostages for taxes they couldn't pay while they were detained. A bill in Congress is trying to fix this.

Clean energy tax credits are paying off for many, but experts warn of increasing scams.

While this kind of collaboration between the government and whistleblowers is common under most other programs, it was almost unheard of at the IRS.

The 2025 rule changes for Roth and traditional IRAs could mean more money for your retirement. But you have to pay attention to reap the rewards.

Medicare funding comes from a combination of government contributions, payroll taxes, and monthly premiums paid by Medicare beneficiaries.

The three women filed thousands of fraudulent tax returns, according to authorities.

The Family Research Council is a conservative advocacy group with a “biblical worldview.” While it has a church ministries department that works with churches from several evangelical Christian denominations that share its perspectives, it does not represent a single denomination. Although its activities are primarily focused on policy, advocacy, government…

Knowing how the average IRA balance of peers compares to your own could be the nudge you need to save more for retirement — or pat yourself on the back.

The IRS treats cryptocurrency as property, not currency, under Notice 2014-21. This classification is pivotal because it means every transaction involving cryptocurrency—whether selling, exchanging, or even making purchases—triggers a taxable event.

There’s some confusion over whether you can escape taxes on Social Security benefits based on age.