The Latest Breaking News from IRS

Family trusts are a powerful tool for protecting assets, reducing estate taxes, and managing wealth across generations. But just because a trust is legal doesn’t mean it’s immune to IRS scrutiny. In fact, certain tax filings can trigger reviews, audits, or even penalties, especially when red flags pop up. Whether…

Setting up a trust can be one of the smartest moves in estate planning. It allows you to pass assets to your heirs while avoiding...

A recent episode of “The Ramsey Show” sparked frustration and sympathy after a caller revealed she was accidentally overpaid $48,000 by her employer—and now, nearly a year later, the company wants the full amount returned.

You’d think that after decades of paying into the system, Baby Boomers would get every break possible during retirement. But when it comes to taxes,...

Giving someone a financial gift should be an act of generosity—simple, heartfelt, and appreciated. But in reality, some of the most well-intentioned gifts can spiral...

The internet is full of financial hacks and shortcuts promising to help you save faster, retire earlier, and outsmart the system. But in a world...

No one wants to pay more in taxes than they have to. Here are nine IRS-approved strategies the wealthy use to pay less in taxes, that you can start using, too.

Cult US hard rockers LIllian Axe should have been way bigger than they were

For millions of Americans, Social Security provides essential financial support in retirement. But what many don’t realize is that certain decisions involving your benefits can catch the IRS’s attention. From inaccurate reporting to suspicious withdrawals, some Social Security moves raise red flags that could trigger audits, penalties, or delays. Whether…