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The Latest Breaking News from IRS

How the Trump Harvard Tax-Exempt Threat Could Impact You

Trump's latest higher education showdown raises fundamental questions that could reach beyond Harvard's nonprofit tax status.

Kiplinger

A New IRS-ICE Agreement Could Reduce Tax Revenue by $300 Billion Over the Next Decade

That's what could happen if undocumented immigrants decide not to file their taxes, according to an estimate by The Budget Lab at Yale.

Reason

IRS Deal With ICE Could Jeopardize Nearly $100 Billion in Immigrant Tax Revenue

Experts warn the policy shift could trigger mass noncompliance among undocumented taxpayers, leading to severe economic consequences.

Latin Times

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Trump Freezes Over $2 Billion in Harvard Funding, Threatens to Revoke University's Tax-Exempt Status

President Donald Trump has set his sights on revoking Harvard University's tax-exempt status, intensifying his battle with the Ivy League giant after halting $2 billion in federal funds.

International Business Times

Tax Day scam warning - experts say scammers are using AI-generated voices to impersonate IRS, tax officials

With Tax Day in full swing across the US, users are being warned about AI-generated IRS scams.

TechRadar

Tax Day 2025: Residents in these states see the biggest returns from the IRS

The states include Florida, Texas, Wyoming, Oregon, Maine, and Wisconsin

The Independent UK

Is Palantir Stock a Buy on High-Profile Plan to Help Elon Musk and DOGE Overhaul the IRS?

Down 24% from all-time highs, Palantir is a tech stock that trades at a lofty multiple in April 2025. Is PLTR stock still a good buy right now?

Barchart

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How DOGE is combing through housing and other data to find migrants for Trump’s deportation plans

Data that DOGE staffers may access include where potential undocumented immigrants may live and work

The Independent UK

Getting the IRS on the phone is more difficult this tax filing season, experts say

Taxpayers calling the IRS for help processing their taxes this filing season may find it harder than normal to get someone on the phone

The Independent UK

401(k) plans and stock market volatility: What you need to know

With stock market charts resembling the contours of a roller-coaster ride in recent days, many Americans could be forgiven for eyeing their 401(k)s with a little concern.

The Conversation

Immigration Judge Recommends People To Not Share Their Address When Reporting Taxes Amid Fear of Deportations

Undocumented immigrants paid $96.7 billion in federal, state, and local taxes in 2022, per the Institute on Taxation and Economic Police

Latin Times

Gen Z is reviving this boring job that millennials and boomers abandoned—and it’s helping them land six-figure careers straight out of college

About 75% of accountants are expected to retire in the next decade, and some Gen Zers are realizing that the field is not so boring after all—especially considering it can bring job security and six-figure salaries.

Fortune

The White House moves to cancel thousands of immigrants' Social Security numbers using a 'death master file,' NYT reports

The migrants, who arrived here legally, would cease to exist in the U.S.'s financial system.

Fortune

What we know about the Social Security Administration listing thousands of living immigrants as dead

The Trump administration’s move to classify thousands of living immigrants as dead and cancel their Social Security numbers is an escalation of the president’s crackdown on people who were legally allowed to live in the U.S. under programs instituted by his predecessor

The Independent UK

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Fortune

Top economist Larry Summers is highly concerned U.S. Treasuries were trading 'like those of an emerging market nation'

In a wide ranging interview with Fortune, the former Treasury Secretary also says we're already seeing the first signals of a possible recession.

Kiplinger

Ask the Editor: Reader Questions, April 11 — IRAs, RMDs and PTPs.

Ask the Editor: Taxes, April 11, 2025 — Joy Taylor, The Kiplinger Tax Letter Editor, answers questions on Roth IRAs, RMDs and other retirement accounts.

Reason

Two Cheers for Extended Tax Cuts and an IRS in Chaos

It’s not the reform we need, but it’s welcome relief from ravenous and unpopular tax collectors.

inkl

What to Do If You Miss a Tax Deadline: Steps for Small Business Owners | Shammas Tax

Tax deadlines can sneak up on even the most organized business owners. With the daily responsibilities of running a business, it’s easy to lose track of dates—especially during busy seasons.

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news in one place.

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International Business Times

DeFi Broker Rule Repealed: Trump Becomes First US President To Sign Crypto Bill Into Law

Trump has once again proven that he is pro-crypto as he signed a bill into law that overturns a Biden-era IRS rule that would have required DeFi platforms to provide the same tax reporting requirements as traditional brokers do.

International Business Times

IRS Head Resigns Following Controversial ICE Data-Sharing Agreement

IRS Acting Commissioner Melanie Krause resigns following controversy over a deal allowing ICE access to taxpayer data for deportation efforts.

The Independent UK

Social Security lists thousands of living immigrants as dead to prompt them to leave, AP sources say

The Trump administration has moved to classify more than 6,000 living immigrants as dead

Salon

Maximize your tax return with these tips

Half of Americans reported receiving less this year — but there are steps you can take to maximize your return

Kiplinger

Trump Plans to Terminate IRS Direct File program

Direct File was piloted last year in 12 states and has since expanded to 25. But some wonder whether the program will last under the Trump administration.

The Independent UK

Death of five children during gruelling hospital trek blamed on Trump’s ‘America First’ aid cuts

Charity hits out at ‘decisions made by powerful people in other countries that have led to child deaths’

The Independent UK

IRS chief resigns after Trump administration strikes deal to share undocumented taxpayer data

‘Backroom deal’ could hand taxpayer data to ICE agents as part of Trump’s deportation blitz

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