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The Latest Breaking News from IRS

It’s tax time, and that means you might be receiving new or unfamiliar IRS 1099 tax forms. Our guide explains them all.

Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different 1099 forms used to report income to the IRS.

Fortune

Smart money! Nearly half of Americans trust AI to do their taxes over a trained human

‘It is harder to do something like tax filing because it’s something distracting from the other things they are doing’

The Independent UK

Ten IRS Audit Red Flags for Self-Employed Individuals

Taxpayers who file Schedule C with their Form 1040 have a greater chance of an IRS audit

Kiplinger

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Why does the US have it in for gig workers?

There are 64 million freelancers and there’s no way the IRS or Department of Labor can track them – but they try

The Guardian - US

Can't pay your taxes? Here's what to do

While it’s tempting to avoid your tax bill, that will make your situation much worse

Salon

Did you get a surprisingly high 2024 tax bill? Here are 3 strategies you could use to bridge the gap

Nobody likes learning about unexpected tax liabilities at the last minute, but paying with cash isn’t your only option.

Fortune

Did you earn a bonus on a new bank account last year? That’s taxable income

IRS rules say that interest earned on bank accounts is taxable income. If you earned a bonus when opening a new account, you should expect to pay taxes on that, too.

Fortune

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Wondering how soon you’ll receive your tax refund? We’ll show you how to check on the status of your refund.

Most taxpayers can expect to receive their refund in a matter of weeks. We’ll show you how you can check up on the status of your tax refund.

Fortune

Crypto Earnings and iGaming Winnings - How Do They Tax Them?

We live in a time where there are more opportunities to make or win money online than ever before. As well as side hustles like writing or design work, two areas that have really advanced are iGaming and cryptocurrency.

inkl

Trump announces plan to launch task force against ‘anti-Christian bias’

At a prayer breakfast, Trump said the task force would prosecute the ‘targeting’ of Christians within government.

Al Jazeera

Trump Wants You Out of the IRS, But You'll Have to Wait Until May

Some IRS employees won’t be able to resign using the buyout offer until the end of tax season.

Kiplinger

Are Tips Taxable in 2025? Understanding the IRS Rules

With all the recent talk about ending federal taxes on tips, some wonder whether tips are taxable income.

Kiplinger

IRS Employees Who Took Trump 'Buyout' Ordered to Stay, Told Their Work Is Too 'Essential'

Internal Revenue Service (IRS) employees who accepted the Trump administration's buyout and opted for deferred resignation have been asked by their employers to continue working for a few months due to the "essential" nature of their jobs.

Latin Times

IRS Employees Restricted From Accepting Buyouts Until After Tax Deadline

IRS employees face restrictions on buyout offers until after tax season, raising concerns about service impact and contract validity.

Top News

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International Business Times

American Gen Z, Millennials More Likely To Trust AI With Tax Filing Over CPAs: Survey

A new survey found that Gen Z and Millennial Americans are more likely to rely on AI with tax filing assistance over tax professionals like CPAs, signaling a shift in U.S. taxpayer attitudes toward filing taxes.

Kiplinger

Five Strategies to Defer Capital Gains in Real Estate Investing

These powerful strategies, from timing your sales during low-income years to leveraging qualified opportunity zones, can defer capital gains taxes on your real estate investments.

The Independent UK

Could Trump's IRS policies harm tax filing season and delay your refund?

A combination of resignations, cuts to taxpayer assistance programs, and current lack of senior leadership and staffing could slow down the IRS processes

Fortune

Exclusive: Americans trust AI more than a tax pro to handle their taxes, according to new research

In a new survey shared exclusively with Fortune, only 41% of Americans are confident in handling their own tax filing.

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news in one place.

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The Independent UK

Elon Musk creates confusion about IRS' Direct File — but the free tax program is still available

Billionaire tech mogul Elon Musk posted on his social media site that he has “deleted” 18F, a government agency that worked on technology projects such as the IRS's Direct File program

Dynamite News

Transfers in Bureaucracy: 18 Joint Secretary-Level Officers get new postings in Govt of India, Read full list…

Several Joint Secretary-Level Officers have been appointed in the Central government on Saturday. Read the full report of Dynamite News:

Inverse

Making Bank On Fortnite Or Roblox? The IRS Is Onto You This Tax Season

Yes, video game marketplaces can be taxed, sometimes. Whether you're making money on Eve Online or Roblox, Minecraft or Second Life, here's what you need to know

The Street

1 million Americans are about to get a surprise tax refund

It stems from unclaimed funds from the 2021 Recovery Rebate Credit.

Fortune

Free tax prep software is now available in 25 states: How to see if it's right for you

The IRS's Direct File could save taxpayers millions of dollars this year.

International Business Times UK

37% US Taxpayers Rely on Refunds To Make Ends Meet: When Can You Expect 2025 Tax Refunds

The IRS claims that taxpayers who e-file taxes can expect refunds within 21 days. The timeline could stretch to eight weeks for filers who mail paper returns.

Fortune

Watch out, eBay sellers—the IRS knows more about your side hustle than you think

"You cannot hide this, the IRS is aware you earned that money."

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