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The Latest Breaking News from IRS

Gap between US income taxes owed and paid is set to keep growing, IRS says

The amount of tax money owed but not paid to the IRS is set to keep growing

The Independent UK

Social Security and Your Taxes: Five Things to Know for 2025

The Social Security COLA is just one aspect of your benefits that can impact your taxes.

Kiplinger

IRS says Microsoft may owe more than $29 billion in back taxes; Microsoft disagrees

The Internal Revenue Service says Microsoft owes the U.S. Treasury $28.9 billion in back taxes, plus penalties and interest

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Is Unemployment Taxable? A State-by-State Guide

The federal government taxes unemployment benefits. But is unemployment taxable in your state?

Kiplinger

U.S. Revamps EV Tax Credit System, Making Savings Immediate

Consumers can now enjoy immediate $7,500 savings on electric vehicles, boosting accessibility and promoting cleaner transportation

Zenger

Rudy Giuliani has failed to pay nearly $550,000 in taxes, IRS reveals

‘Giuliani, through his accountant, has a formal agreement with the IRS to pay off the liability,’ the former mayor’s spokesperson said

The Independent UK

Getting a $7,500 tax credit for an electric car will soon get a lot easier

Buyers will be able to take advantage of the tax credit at the dealership when purchasing an electric vehicle. And they'll be available even for those who pay little or no taxes.

WEKU

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Here's How The EV Tax Credits Get Much Better In January 2024

In 2024, the IRS will now allow dealerships to apply the new or used EV tax credit at the time of purchase.

InsideEVs

Powerball: How much will $1.2bn jackpot winner take home after taxes?

Next Powerball drawing takes place on Wednesday 4 October

The Independent UK

The IRS Sprang a Leak

Plus: Donald Trump's creative accounting, those sneaky vegans, brain drain, and more...

Reason

Everything you need to know about a government shutdown

The impacts of government shutdowns include furloughed employees, reductions in services, closed parks and museums, and much more.

USAFacts

IRS contractor charged with leaking tax return information of wealthy people

A former contractor for the Internal Revenue Service has been charged with leaking tax information to news outlets about a government official and thousands of the country’s wealthiest people

The Independent UK

Narasimha Reddy appointed CGST Commissioner

IRS officer Sadhu Narasimha Reddy was appointed Commissioner of the Central Goods and Services Tax (CGST), and orders to this effect were issued on Thursday.

The Hindu

US House Republicans hold first formal Biden impeachment hearing

House Republicans launched a formal impeachment hearing Thursday against President Joe Biden, promising to “provide accountability” as they probe the family finances and lucrative business dealings of his son Hunter and make their case to the public, colleagues and a skeptical Senate.

France 24

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The Independent UK

House Republicans start making their case for President Biden impeachment inquiry at first hearing

House Republicans are making the case for pursuing an impeachment inquiry against President Joe Biden

WEKU

The first impeachment inquiry hearing into Biden was six hours. Here's what happened

House Committee on Oversight and Accountability Chairman James Comer said the hearing will examine the value of an impeachment inquiry and evidence against President Biden.

WEKU

Here's what House Republicans are alleging in their impeachment inquiry against Biden

House Republicans are claiming President Biden benefited from foreign business deals by his son, Hunter, but they have not yet shown direct evidence of that.

The Independent UK

What is Vivek Ramaswamy’s net worth?

GOP contenders, with the notable exception of Donald Trump, are meeting in Wisconsin on Wednesday for their first public showdown as campaign season hots up

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Roll Call

Ways and Means votes to release more Hunter Biden documents - Roll Call

The Ways and Means Committee voted along party lines to release additional documents related to the investigation into Hunter Biden’s taxes.

Roll Call

House Republicans to call witnesses at first Biden impeachment probe hearing - Roll Call

House Republicans plan to have three witnesses testify Thursday at their first hearing on the impeachment investigation of President Biden.

The Conversation

What will this government shutdown shut down? Social Security and the IRS keep going; SBA loans and some food and safety inspections do not

The U.S. is moving toward a government shutdown. House and Senate appropriators are divided on spending levels, policy riders and additional items, such as support for Ukraine.

Kiplinger

What Would a Government Shutdown Do to the IRS?

With a government shutdown looming, some wonder how IRS operations will be affected.

Kiplinger

Inherited an IRA? Key Distribution Rules to Know for 2025

Inherited IRA distribution rules have changed in ways that can significantly impact your taxes and tax strategy.

WEKU

Hunter Biden sues Rudy Giuliani for 'total annihilation' of digital privacy

The lawsuit alleges that Rudy Giuliani and an associate's actions are unlawful under California law, and it says Giuliani and the associate have refused to return Hunter Biden's data.

The Conversation

National Day for Truth and Reconciliation: Exhibit features stolen Kainai children's stories of resilience on Treaty 7 lands

In Canada, when we talk about truth and reconciliation we have a tendency to focus on the Indian residential school system (IRS).

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