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The Latest Breaking News from IRS

Tax Season Is Almost Here: What You Can Do to Prepare

Tax season can be a stressful time, but getting prepared now can help it go more smoothly.

Kiplinger

Tax brackets to increase, global debt hits trillion

Discover how the new IRS tax brackets for 2024 can put more money in your pocket, but also the alarming rise of global debt and its impact on your finances...

Top News

The $7,500 tax credit for electric cars will see big changes in 2024. What to know

The electric vehicle tax credit will be easier to get next year — but fewer models could qualify, as the government imposes stricter eligibility requirements.

WEKU

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

How a former IRS boss optimizes his charitable trust to support his alma mater–and give assets to his children tax-free

Former IRS Commissioner John Koskinen knows the tax code inside out. Here are his estate planning secrets.

Fortune

More Than 7,000 U.S. Car Dealers Sign Up For 'Point Of Sale' EV Credits

Thousands of franchised automotive dealers have registered to offer point-of-sale credits to customers, signaling a welcome to boost EV adoption.

InsideEVs

Three Ways to Make the Most of Your Year-End Giving

Understanding how to maximize your charitable donations can help you stay on budget and help the causes you are passionate about.

Kiplinger

Revealed: how US residents are funding illegal settlements in the West Bank

Crowdfunding site IsraelGives allows US residents to donate millions to paramilitary groups, IDF units and settlers

The Guardian - US

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Tennessee Tax Deadline Extension Following Tornadoes

The IRS has announced several Tennessee tax deadline extensions following severe storms and tornadoes.

Kiplinger

Former prosecutor denies politics influenced Hunter Biden criminal probe

Former federal prosecutor in Hunter Biden probe denies political bias. Leslie Wolf insists she followed the facts and made decisions in the best interest o...

Top News

CBI Court orders seven-year rigorous imprisonment to IRS officer in bribery case

The Special Judge for CBI Cases in Chennai sentenced an Indian Revenue Service (IRS) officer the then Protector of Emigrants (POE) to undergo seven years of rigorous imprisonment and a private person (recruiting agent) to undergo four years of rigorous imprisonment in a bribery case. Read further on Dynamite News:

Dynamite News

IRS Waiving $1 Billion in Back Tax Penalties

The IRS is waiving penalties for nearly $1 billion in back taxes owed during the pandemic.

Kiplinger

IRS to waive $1 billion in penalties for people and firms owing back taxes for 2020 or 2021

The IRS says it's going to waive penalty fees for people who failed to pay back taxes that total less than $100,000 a year for tax years 2020 or 2021

The Independent UK

Ashley, Debt-Dodger, Owes IRS 00 Since 2015!

Dive into the quirky tale of Ashley, her unpaid tax bill, and her cheeky defiance of the IRS. A light-hearted look into financial indiscretions.

Top News

Formal Impeachment Inquiry against President Biden Initiated

Congressman French Hill discusses the impeachment inquiry against President Biden over allegations of influence peddling, stressing the need for thorough i...

Top News

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Kiplinger

A Few Year-End Tax Moves to Make by New Year’s Eve

Before you ring in the new year, consider some year-end tax strategies that can reduce your tax liability.

Zenger

Mormon Church Faces Lawsuit Over Mishandling Of Charity Funds

Donors accuse church of diverting funds to shell companies; $5M fine previously imposed.

The Independent UK

The $10 billion charity no one has heard of

A donor-advised fund devoted to supporting the United Nations Sustainable Development Goals has leapt from being a relatively minor charity to one with an asset size comparable to behemoths like the Andrew W

Kiplinger

Taxable Income: What It Is and How to Calculate It

Understanding taxable income can help reduce tax liability.

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news in one place.

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Golf Monthly

Filing Reveals Jay Monahan's 2022 Earnings And PGA Tour's Huge Legal Fees

Sportico reports that the PGA Tour's 2022 IRS filings show a huge increase in Monahan's compensation and the organisation's legal fees

USA Today Sports Media Group

Report: PGA Tour’s 2022 tax filings show significant increases in Jay Monahan’s compensation, legal fees

The Tour’s IRS filings for 2022 included increases to Monahan’s compensation, the Tour’s legal fees and revenues.

The Independent UK

What small businesses need to know about new regulations going into 2024

Regulations are a double-edged sword

The Independent UK

DeSantis blames Trump for satanic display at Iowa Capitol

The Satanic Temple Iowa sparked outrage among conservatives after it set up a holiday display inside the state capitol this month

Kiplinger

What Student Athletes Need to Know About Their NIL Income

An athlete who receives name, image and likeness (NIL) income is considered self-employed, which means they need to keep taxes and other issues in mind.

International Business Times

FTX Warns Of Potential Delay In Customers' Compensation Amid IRS' $24B Tax Claim

FTX, in its filing to a Delaware court, called the IRS' tax claim "meritless."

Kiplinger

How to Earn Tax-Free Rental Income — Legally

An IRS rule can sometimes be used (but not abused) to claim tax-free rental income on your home.

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