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The Latest Breaking News from IRS

Business Owners Need Tax Planning Strategies More Than Ever

A landmark tax case before the U.S. Supreme Court about unrealized gains underscores business owners’ need for tax mitigation planning.

Kiplinger

The Problem With 401(k) Catch-Up Contributions for 2024

New rules governing certain 401(k) catch-up contributions caused confusion and raised concern.

Kiplinger

With interest rates at historic highs, retirees might want to invest in a CD IRA to protect and grow their nest eggs

IRA CDs can help retirees protect their savings in multiple ways.

Fortune

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New Rules for Inherited IRAs Could Leave Heirs With a Hefty Tax Bill

Thanks to recent changes in the law on inherited IRAs, your tax bill from any inheritance could be larger than you expect.

Kiplinger

Sidheshwar Brahmrishi Gurudev Guruvanand in Delhi for the first time; Large number of devotees throng the venue

Sidheshwar Brahamarshi Gurudev Swami Guruvanand was in New Delhi on Saturday to grace the one-day Sidheshwar Mahotsav 2023. Thousands of devotees had a divine glimpse of their Guru on the occasion. Here is the exclusive report by Dynamite News:

Dynamite News

Trump returns to first impeachment roots by saying Ukraine aid should be linked to Biden probes

‘Congress should refuse to authorize a single additional shipment of our depleted weapons stockpiles,’ ex-president says

The Independent UK

S.K. Mishra | The ‘indispensable’ director

Sanjay Kumar Mishra was first appointed interim Director of the ED for three months in October 2018 before he was made the full-time chief in November 2018 for a two-year fixed tenure. In November 2020, when his tenure was coming to an end, the Union government quietly extended it with…

The Hindu

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The 10-Year Rule for Inherited IRAs

The IRS’ interpretation of the 10-year clean-out rule on inherited IRAs can be complicated.

Kiplinger

Tax complaint filed against rightwing parents’ rights group Moms for Liberty

Michigan attorney alleges organization, named an extremist group by Southern Poverty Law Center, in violation of non-profit status

The Guardian - US

In Alsip red-light-camera investigation, feds have done new interviews, issued subpoenas

Investigators recently approached or interviewed current and former village officials, asking how Alsip chose SafeSpeed as its red-light-camera contractor.

Chicago Sun-Times

One Way to Secure Your Child’s Inheritance in an Uncertain Tax Future

Sometimes it might take an IDGT, or intentionally defective grantor trust, to preserve generational wealth. But how does that work?

Kiplinger

What comes next for Hunter Biden after plea deal derails?

US President Joe Biden’s son faces a criminal case and investigations in Congress. Here’s what you need to know.

Al Jazeera

What's next for Hunter Biden in court and Congress after his plea deal derails

The unraveling of Hunter Biden’s plea agreement has thrust his criminal case into uncertain waters and given new fodder to Republican critics in Congress as they push ahead with investigations into the president’s youngest son

The Independent UK

Impeach Biden? Yeah, they just might

The spineless speaker will ultimately do whatever Trump and MTG want. We know what that is — and it might work

Salon

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The Independent UK

GOP try to block Hunter Biden plea deal at Delaware court hearing

The last-ditch filing from Rep Jason Smith kicked off a firestorm in Delaware court, which culminated in the judge threatening to sanction Hunter Biden’s attorneys

The Independent UK

Hunter Biden's guilty plea is on the horizon, and so are a fresh set of challenges

President Joe Biden’s son, Hunter Biden, faced new challenges on the eve of a scheduled court appearance Wednesday in which he’s set to plead guilty in a deal with prosecutors on tax and gun charges

Kiplinger

Why the IRS Shouldn't Literally Be Knocking at Your Door

The IRS is changing a longstanding practice that involved collecting tax debts through tens of thousands of unannounced home visits.

Kiplinger

IRS Email Scams to Watch Out for This Summer

The IRS has seen an increase in email scams this summer. If you see these tax-related messages in your inbox, don’t open them.

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Zenger

GOP House Speaker Suggests Biden Probe Reaching Impeachment Level

Kevin McCarthy cites IRS whistleblowers and foreign funds investigation as evidence

The Guardian - US

McCarthy raises Biden impeachment threat during Fox News interview

House speaker says he expects Republican investigation into family’s business affairs ‘to rise to the level of impeachment inquiry’

WEKU

The IRS will stop making most unannounced visits to taxpayers' homes and businesses

The agency said instead it will send letters to certain taxpayers to set up face-to-face meetings.

Zenger

Rep. Raskin Likens Political Climate To Shakespeare’s ‘The Tempest’

Raskin draws parallels between current tumultuous landscape and Shakespearean play, emphasizing role of technology.

Kiplinger

IRS Tax Deadline Approaching for Storm Victims in These 4 States

The IRS extended the tax deadline to July 31 for storm victims in several states. Here are the counties in four states that need to file — and pay — federal taxes soon.

Reason

IRS Whistleblowers Claim Political Interference in Hunter Biden Investigation

Out with the old corruption and in with fresh scandals.

The Independent UK

Tony Bennett: the Great American Songbook crooner

The US singer successfully bridged the worlds of pop music and jazz on a global scale for more than 60 years

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People

Marjorie Taylor Greene

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