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The Latest Breaking News from IRS

Win for Writers Guild, Loss for AI

Plus: IRS insanity, robocop photo ops, and more...

Reason

How Tax Laws and IRS Can Help If You're a Victim of Helene, Milton or Other Federally Declared Disasters

Did you know that, in addition to the tax filing and payment extensions, individuals can deduct some losses attributable to federally declared disasters?

Kiplinger

Did you earn interest on your high-yield savings account this year? Prepare to pay taxes on it

Interest earned on certain bonds and deposit accounts are taxed like ordinary income.

Fortune

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

The next big Taylor Swift concert may be way more affordable, thanks to the IRS

The U.S. government spent $80 billion to hire 87,000 more IRS employees, and they are about to be put to work.

The Street

IRS Targeting More Supposedly 'High-Income' Americans Than Advertised

Don’t count on that promise to not hike taxes on “people making less than $400,000.”

Reason

Earn too much for a Roth IRA? You can still score tax-free retirement income with this strategy.

High earners could benefit from conversion, but be mindful of the tax bill.

Fortune

Want tax-free retirement income? See if you should choose a Roth IRA or 401(k).

Both accounts are top-notch ways to save for retirement, but if you have a Roth 401(k) at work, it will likely be the winner.

Fortune

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Rich Investors Win From IRS Delay Of The Roth Catch-Up Rule

Take advantage of tax rules that work in your financial favor today or in the future — including catch-up contributions.

Investors Business Daily

Why the power of a US attorney has become a flashpoint in the Hunter Biden case

House Republicans have grilled Attorney General Merrick Garland about the Justice Department investigation of Hunter Biden in a contentious hearing that delved into aspects of the criminal justice system that typically play out long before the case enters a public courtroom

The Independent UK

Hunter Biden whistleblower allegations in question following testimony from new FBI and IRS witnesses

Key claim used by House GOP to justify impeachment inquiry cast into doubt

The Independent UK

Tax planning for college students

Come tax-time you may have some student loan interest to deduct. CPA and TurboTax expert Lisa Green-Lewis explains how recent legislation effects borrowers.

The Street

Attorney General Garland set to face his GOP critics as Justice Department is under heavy scrutiny

Attorney General Merrick Garland is set to come face-to-face with his most ardent critics as House Republicans prepare to use a routine oversight hearing to interrogate him about what they claim is the “weaponization” of the Justice Department under President Joe Biden

The Independent UK

Spending Other People's Money

Plus: Separating child poverty facts from fiction, EU will ban payments for sperm and blood, and more...

Reason

Hunter Biden has gone on the offensive against Republicans. That could be tricky for the president.

Hunter Biden has gone on the offensive against his Republican critics

The Independent UK

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news in one place.

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The Street

Last Minute Tax Tips for Extension Filers

If you extended your tax return in April, it's due in October, and it’s time to deal with it. Here’s a few things to know as you gather your documents.

Salon

Hunter Biden fires back, sues IRS

Biden accuses IRS agents of “engaging in a campaign to publicly smear” him and unlawfully releasing his tax info

The Guardian - US

Hunter Biden sues IRS for breaching his privacy rights over tax affairs

President’s son is facing criminal charges over gun possession and is expected to be indicted on tax matters

Al Jazeera

Hunter Biden sues US tax agency over disclosures of personal information

US president’s son accuses two IRS agents of wrongly sharing his tax information in effort to ’embarrass’ him.

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news in one place.

100’s of premium titles.
One news app.

The Guardian - US

Freed Americans on flight bound for US as families hold ‘emotional call’ with president Biden – as it happened

Five freed Americans on plane that has now left Doha; Biden announces new sanctions on Iran

The Independent UK

Hunter Biden sues the IRS over tax disclosures after agent testimony

Hunter Biden has filed a lawsuit against the Internal Revenue Service, arguing that two agents violated his right to privacy when they publicly aired his tax information as they pressed claims that a federal investigation of him had been improperly handled

The Independent UK

Hunter Biden sues IRS claiming they unlawfully shared his tax information

Lawsuit states IRS employees ‘repeatedly and intentionally’ disclosed Hunter Biden’s ‘protected tax return information’

Reason

There's Plenty of Evidence of Corruption Around Biden

When talking heads say “no evidence,” they mean “no smoking-gun proof.”

Crikey

So, wait, is Joe Biden getting impeached?

Republicans are pushing to impeach Joe Biden, alleging a ‘culture of corruption’ surrounding the US president and his family. Crikey breaks down exactly what’s going on.

The Hindu

Rahul Navin appointed in-charge Director of ED

According to an official order, Rahul Navin, a 1993-batch IRS officer, will be in-charge Director of the Enforcement Directorate till the appointment of a regular Director or until further orders. Navin is currently the ED’s special director.

Investors Business Daily

Forced To Retire Early? What To Do Now

Not everyone can transition smoothly into retirement. Unexpected events can sever workers from their work — making them forced to retire.

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People

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