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The Latest Breaking News from IRS

US Treasury, Internal Revenue Service Introduce Comprehensive Set Of Cryptocurrency Regulations

The move shows growing importance of digital assets and the government's commitment to ensuring their transparent and lawful use.

Zenger

The pros and cons of using artificial intelligence for your taxes

A certified public accountant posed a series of tax questions to ChatGPT to see how well it might help with filing taxes. Here’s what he discovered.

The Street

IRS is using $60B funding boost to ramp up use of technology to collect taxes − not just hiring more enforcement agents

The Internal Revenue Service is getting a funding boost thanks to the Inflation Reduction Act, which President Joe Biden signed into law in 2022.

The Conversation

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

N.J. nurses strike gets heated

Striking nurses see health care canceled as $6.6 billon N.J. hospital chain digs in; both sides claim bad faith

Salon

Tesla Keeps The Pedal Down On The EV Price War: Slashing Prices On Luxury Offerings

Tesla cut prices by nearly 20% on its luxury vehicles, the Model S and Model X, in the U.S. Friday as it simultaneously released its new Model 3 in China.

Investors Business Daily

Data Point | Fly Me to the Moon: A Glimpse into India’s Space Achievements

India made history by becoming the fourth country to successfully land on the moon. ISRO achieved this feat with a cost-effective mission, utilising a longer flight path and less powerful propulsion systems. Five pivotal moments in India’s space history, along with their associated costs, include Aryabhata (launched at no cost),…

The Hindu

Most Expensive States for Millionaires in 2023

If you earn a lot of money, you may want to avoid these most expensive states for millionaires. Some high earners in these areas could pay income tax rates greater than 50%.

Kiplinger

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Hawaii Tax Deadline Extended After Devastating Wildfires

The Hawaii tax deadline has been extended by the IRS following devastating wildfires. Here's what impacted residents should know.

Kiplinger

Vivek Ramaswamy: the ‘millennial tech bro’ running for president

The multimillionaire former biotech executive Vivek Ramaswamy took centre stage at the first Republican debate last week as he bids to win his party’s 2024 presidential nomination.

The Week

A Tax Planning Cautionary Tale: Timing and Formalities Are Critical

A business owner learned the hard way (and at great cost) not to dawdle or cut corners when it comes to tax plans involving the sale of a business.

Kiplinger

Which form should you use to file your taxes?

The IRS has three different versions of the Form 1040 that you can use to file your taxes: 1040, 1040-SR, and 1040-NR. Here are the key differences.

The Street

New Roth 401(k) Contributions Rule Delayed by IRS: What To Know

The IRS is offering relief on new 401(k) catch-up contribution rules for certain high earners. Here’s what it means for you.

Kiplinger

Common tax mistakes: Avoid these errors on your tax returns

Learn how to avoid these mistakes and maximize your tax savings, ensure accuracy in your tax filings and avoid penalties with these helpful tips.

The Street

Democrats accuse tax prep firms of undermining new IRS effort on electronic free file tax returns

Congressional Democrats are accusing big tax preparation firms including Intuit and H&R Block of undermining the federal government’s upcoming electronic free file tax return system

The Independent UK

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Roll Call

Treasury, IRS roll out long-delayed crypto tax reporting rules - Roll Call

The Biden administration on Friday issued proposed regulations to implement a key revenue-raiser from the 2021 infrastructure law.

The Independent UK

What is Donald Trump’s net worth?

GOP contenders, with the notable exception of Donald Trump, are meeting in Wisconsin on Wednesday for their first public showdown as campaign season hots up

The Independent UK

What is Tim Scott’s net worth?

GOP contenders, with the notable exception of Donald Trump, are meeting in Wisconsin on Wednesday for their first public showdown as campaign season hots up

The Independent UK

What is Asa Hutchinson’s net worth?

GOP contenders, with the notable exception of Donald Trump, are meeting in Wisconsin on Wednesday for their first public showdown as campaign season hots up

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news in one place.

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The Independent UK

What is Nikki Haley’s net worth?

GOP contenders, with the notable exception of Donald Trump, are meeting in Wisconsin on Wednesday for their first public showdown as campaign season hots up

The Independent UK

What is Doug Burgum’s net worth?

GOP contenders, with the notable exception of Donald Trump, are meeting in Wisconsin on Wednesday for their first public showdown as campaign season hots up

The Independent UK

What is Vivek Ramaswamy’s net worth?

GOP contenders, with the notable exception of Donald Trump, are meeting in Wisconsin on Wednesday for their first public showdown as campaign season hots up

The Independent UK

What is Chris Christie’s net worth?

GOP contenders, with the notable exception of Donald Trump, are meeting in Wisconsin on Wednesday for their first public showdown as campaign season hots up

The Independent UK

What is Mike Pence’s net worth?

GOP contenders, with the notable exception of Donald Trump, are meeting in Wisconsin on Wednesday for their first public showdown as campaign season hots up

The Independent UK

What is Ron DeSantis’s net worth?

GOP contenders, with the notable exception of Donald Trump, are meeting in Wisconsin on Wednesday for their first public showdown as campaign season hots up

The Independent UK

Republican debate: What is Vivek Ramaswamy’s net worth?

GOP contenders, with the notable exception of Donald Trump, are meeting in Wisconsin on Wednesday for their first public showdown as campaign season hots up

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