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The Latest Breaking News from IRS

Is Palantir Stock a Buy on High-Profile Plan to Help Elon Musk and DOGE Overhaul the IRS?

Down 24% from all-time highs, Palantir is a tech stock that trades at a lofty multiple in April 2025. Is PLTR stock still a good buy right now?

Barchart

How DOGE is combing through housing and other data to find migrants for Trump’s deportation plans

Data that DOGE staffers may access include where potential undocumented immigrants may live and work

The Independent UK

Getting the IRS on the phone is more difficult this tax filing season, experts say

Taxpayers calling the IRS for help processing their taxes this filing season may find it harder than normal to get someone on the phone

The Independent UK

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401(k) plans and stock market volatility: What you need to know

With stock market charts resembling the contours of a roller-coaster ride in recent days, many Americans could be forgiven for eyeing their 401(k)s with a little concern.

The Conversation

Immigration Judge Recommends People To Not Share Their Address When Reporting Taxes Amid Fear of Deportations

Undocumented immigrants paid $96.7 billion in federal, state, and local taxes in 2022, per the Institute on Taxation and Economic Police

Latin Times

Gen Z is reviving this boring job that millennials and boomers abandoned—and it’s helping them land six-figure careers straight out of college

About 75% of accountants are expected to retire in the next decade, and some Gen Zers are realizing that the field is not so boring after all—especially considering it can bring job security and six-figure salaries.

Fortune

The White House moves to cancel thousands of immigrants' Social Security numbers using a 'death master file,' NYT reports

The migrants, who arrived here legally, would cease to exist in the U.S.'s financial system.

Fortune

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What we know about the Social Security Administration listing thousands of living immigrants as dead

The Trump administration’s move to classify thousands of living immigrants as dead and cancel their Social Security numbers is an escalation of the president’s crackdown on people who were legally allowed to live in the U.S. under programs instituted by his predecessor

The Independent UK

Top economist Larry Summers is highly concerned U.S. Treasuries were trading 'like those of an emerging market nation'

In a wide ranging interview with Fortune, the former Treasury Secretary also says we're already seeing the first signals of a possible recession.

Fortune

Ask the Editor: Reader Questions, April 11 — IRAs, RMDs and PTPs.

Ask the Editor: Taxes, April 11, 2025 — Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on Roth IRAs, RMDs and other retirement accounts.

Kiplinger

Two Cheers for Extended Tax Cuts and an IRS in Chaos

It’s not the reform we need, but it’s welcome relief from ravenous and unpopular tax collectors.

Reason

What to Do If You Miss a Tax Deadline: Steps for Small Business Owners | Shammas Tax

Tax deadlines can sneak up on even the most organized business owners. With the daily responsibilities of running a business, it’s easy to lose track of dates—especially during busy seasons.

inkl

DeFi Broker Rule Repealed: Trump Becomes First US President To Sign Crypto Bill Into Law

Trump has once again proven that he is pro-crypto as he signed a bill into law that overturns a Biden-era IRS rule that would have required DeFi platforms to provide the same tax reporting requirements as traditional brokers do.

International Business Times

IRS Head Resigns Following Controversial ICE Data-Sharing Agreement

IRS Acting Commissioner Melanie Krause resigns following controversy over a deal allowing ICE access to taxpayer data for deportation efforts.

International Business Times

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The Independent UK

Social Security lists thousands of living immigrants as dead to prompt them to leave, AP sources say

The Trump administration has moved to classify more than 6,000 living immigrants as dead

Salon

Maximize your tax return with these tips

Half of Americans reported receiving less this year — but there are steps you can take to maximize your return

Kiplinger

Trump Plans to Terminate IRS Direct File program

Direct File was piloted last year in 12 states and has since expanded to 25. But some wonder whether the program will last under the Trump administration.

The Independent UK

Death of five children during gruelling hospital trek blamed on Trump’s ‘America First’ aid cuts

Charity hits out at ‘decisions made by powerful people in other countries that have led to child deaths’

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The Independent UK

IRS chief resigns after Trump administration strikes deal to share undocumented taxpayer data

‘Backroom deal’ could hand taxpayer data to ICE agents as part of Trump’s deportation blitz

Latin Times

IRS Chief Set to Resign on Heels of Data Sharing Deal With ICE Is Third Leader to Step Down This Year

IRS Acting Commissioner Melanie Krause, who was appointed in February, is set to resign from her post after the agency reached a controversial agreement to share immigrants' tax data with ICE

International Business Times

Thousands of Obamacare Users May Owe Money at Tax Time, Officials Warn

Thousands of Obamacare users may face unexpected tax bills due to fraudulent enrollments and potential premium changes this tax season.

The Independent UK

Mar-a-Lago to get $1.8 million in ‘security enhancements’ as DOGE takes a chainsaw to government spending

Exclusive: The taxpayer-funded upgrades come while spending on education and public health is gutted and entire federal agencies are eliminated by Donald Trump and “First Buddy” Elon Musk

Latin Times

Ron DeSantis' Wife Under Scrutiny Over Undisclosed $10 Million State Settlement That Went To Her Foundation

Florida's First Lady Casey DeSantis' Hope Florida charity received $10 million in state settlement money, which was not publicly disclosed at the time.

The Guardian - US

IRS agrees to share tax information of undocumented immigrants with Ice

Agreement between IRS and DHS will give unprecedented access to immigration enforcers to aid in deportations

The Independent UK

Internal Revenue Service agrees to send immigrant tax data to ICE for enforcement

The Internal Revenue Service has agreed to share immigrants’ tax data with Immigration and Customs Enforcement for the purpose of identifying and deporting people illegally in the U.S. That's according to a document signed by Treasury Secretary Scott Bessent and Department of Homeland Security Secretary Kristi Noem

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