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The Latest Breaking News from IRS

IRS To Distribute Special Payments To Eligible Taxpayers

IRS is issuing special payments to 1 million taxpayers who missed claiming the Recovery Rebate Credit. Payments up to IRS To Distribute Special Payments To Eligible Taxpayers,400 will be automatically distribu...

Top News

A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks

The Independent UK

The IRS Is Sending Up to $1,400 to One Million People: Are You Eligible?

A million taxpayers overlooked valuable tax relief during the pandemic and could receive an automatic payment.

Kiplinger

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New book Dust & Grooves Vol.2 tells the tall tale of the scam records that could make collectors a fortune

Some of today’s most in-demand rare records actually weren’t meant to be bought at all…

MusicRadar

What Is a Qualified Charitable Distribution (QCD)?

A QCD can lower your tax bill while meeting your charitable giving goals in retirement. Here’s how.

Kiplinger

10 Ways Your 1031 Exchange Can Go Horribly Wrong

Don't let your tax-saving strategy become a financial nightmare — discover the hidden pitfalls that could turn your 1031 exchange into a costly disaster.

Kiplinger

Trump and his cronies will look to attack unfavorable non-profits, watchdog warns

Watchdog calls out ‘worrying progression of Trump’s authoritarianism that would undermine our democracy’

The Independent UK

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How you could benefit from tax-loss selling this year

The U.S. market gained more than 25% for the year to date through mid-December 2024

The Independent UK

New Law Delivers Tax Breaks to Natural Disaster Victims, But Is It Enough?

The legislation provides critical tax relief to thousands of natural disaster victims across the country.

Kiplinger

Youngkin Pushes Virginia Tax Relief: Car Tax Credits and No Tax on Tips

No tax on tips was a popular refrain during the presidential campaign. Now, Virginia’s governor has a similar plan and is looking at car taxes.

Kiplinger

Trump planning to target progressive non-profits, US watchdog warns

Congressional Integrity Project creates initiative to counter growing ‘authoritarianism’ and defend progressives

The Guardian - US

Three Ways Fiduciary Financial Planners Put You First

Fiduciary financial advisers are required by law to work in your best interest. Here's how they are key to intentional and efficient financial management.

Kiplinger

New York tax preparer called ‘the Magician’ charged for tax fraud of $145m

In the decade-long scheme, Rafael Alvarez provided false documents that reduced individuals’ tax burden

The Guardian - US

How Selling a Losing Stock Position Can Lower Your Tax Bill

Unloading an underperforming stock can help keep your investment returns growing while trimming your tax bill. Here's how this strategy works.

Kiplinger

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Kiplinger

On the Naughty List: Holiday Tax Scams to Look Out For

The IRS says scammers are on the prowl for your financial information. Know the signs so you don't fall victim.

The Conversation

Trump’s 2017 tax cuts expire soon − study shows they made income inequality worse and especially hurt Black Americans

The Tax Cuts and Jobs Act, a set of tax cuts Donald Trump signed into law during his first term as president, will expire on Dec. 31, 2024. As Trump and Republicans prepare to negotiate new tax cuts in 2025, it’s worth gleaning lessons from the president-elect’s first set of…

International Business Times

Filing Season Nears: Updated Tax Brackets For 2024, 2025 Revealed

Standard deductions, AMT exemptions, and other tax provisions will be impacted by the inflation adjustments that the IRS has announced for the 2025 tax year. Find more about the modifications and how your taxes can be impacted.

Reason

The IRS Is Required To Protect Kids From Identity Theft. They're Not Complying.

One in four kids will be the victim of identity theft or fraud. Here's how the government is making it worse.

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Kiplinger

Year-End RMDs: Should You Invest, Spend or Donate Them?

Here are 10 ways to use year-end RMDs strategically. The deadline for taking Required Minimum Distributions is December 31. And yes, shopping might be in order.

Kiplinger

Three 'Yellowstone' Estate Planning Lessons

We can learn a lot from John Dutton's estate planning mistakes. Here are just a few that relate to families in general and family businesses in particular.

Top News

IRS Recovers .7 Billion In Back Taxes And Proceeds

IRS recovers .7 billion in back taxes and crime proceeds amidst funding challenges and leadership transitions.

Kiplinger

Here's How Collectibles Are Taxed

Gains on collectibles like gold can be subject to a higher rate than for most other investments.

Kiplinger

Retirement Abroad? Three Countries Without Inheritance Tax

These 2025 top-retiree-friendly countries have an added benefit: potential tax savings for you and your heirs.

Kiplinger

Five Tax-Savvy Ways To Donate This Holiday Season

Food pantries, toy drives, and animal sanctuaries are popular ways to support others year-round.

The Guardian - US

‘Cynical cash grab’: FBI chief nominee Kash Patel’s profitable links in the non-profit world

Patel’s non-profit Kash Foundation is linked to Maga-merchandise firms and spends much more on fundraising than it does on charitable giving

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