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The Latest Breaking News from IRS

Harvard billboard accusing students of antisemitism linked to rightwing funder

IRS filings show Informing America Foundation helping to bankroll variety of conservative groups and causes

The Guardian - US

Americans Don't Much Like Federal Agencies

Yet another year of low ratings for the apparatus of the D.C. leviathan.

Reason

Why Microsoft got a $29 billion tax bill from the IRS

In the largest tax audit in U.S. history, the IRS rejected Microsoft’s efforts to assign profits to a small factory in Puerto Rico.

Fortune

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

Short Circuit: A Roundup of Recent Federal Court Decisions

SWAT takings, retaliatory liens, and a Spam confiscation.

Reason

Medicare Premiums 2024: IRMAA for Parts B and D

Kiplinger

Gap between U.S. income taxes owed and paid is set to keep growing, the IRS says

For tax years 2021 and 2020, the latest to receive such IRS estimates, the projected gross "tax gap" soared to $688 billion and $601 billion, respectively. That is a significant jump from the past.

WEKU

Ex-IRS contractor pleads guilty in leak of tax return information of Trump, wealthy people

A former contractor for the Internal Revenue Service charged with leaking tax information to news outlets about former President Donald Trump and thousands of the country’s wealthiest people pleaded guilty Thursday in an agreement with prosecutors

The Independent UK

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Jeannine M. Baker, matriarch of Chicago blues dynasty, longtime IRS manager, dies at 82

Ms. Baker was not only “the glue” in one of Chicago’s greatest blues families, she also kept the books.

Chicago Sun-Times

Microsoft says the IRS is overcharging it by nearly $30 billion

Microsoft says it has paid $67 billion in taxes since 2004, but it's tax bill is still tens of billions of dollars bigger.

The Street

States That Won't Tax Your Death

How much will your children —or other heirs — pay when you die? That depends on whether you live in a state with no death tax.

Kiplinger

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

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

Kiplinger

Cathie Wood Keeps Selling Tesla Stock As $7,500 Tax Credit For Model 3 Likely Gone

Cathie Wood sold more than 80,000 TSLA shares last week with Tesla announcing the IRA tax credit for the Model 3 will likely be reduced to $3,750 next year.

Investors Business Daily

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

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The Street

The pros and cons of creating a Family Limited Partnership or Family Limited Liability Company

Learn about the critical differences between these two legal entities, both of which can help families transfer wealth.

Kiplinger

Is Unemployment Taxable? A State-by-State Guide

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

Zenger

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

The Independent UK

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

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WEKU

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.

The Street

Tax benefits for federally-declared disasters

Learn what to do if you’re in a federally-declared disaster zone—or if you’re not sure if you are—and how that affects your taxes and tax deadlines.

InsideEVs

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.

The Independent UK

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

Next Powerball drawing takes place on Wednesday 4 October

Reason

The IRS Sprang a Leak

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

USAFacts

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.

The Independent UK

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

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People

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