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The Latest Breaking News from IRS

IRS Relief for Florida Comes as Lawmakers Mull Major Tax Cuts

Residents impacted by recent severe Florida storms have an extended IRS tax deadline.

Kiplinger

Why Do Federal Bureaucrats Need So Much Firepower?

A new report details a startling trend: Federal agencies with no obvious law enforcement purview are spending millions each year on guns and ammunition.

Reason

2023 Georgia Tax Rebates Up to $500 Are Now Being Sent

Georgia has started sending special 2023 surplus tax refunds to eligible residents.

Kiplinger

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read the most diverse news in one place.

Court Rejects School District's "Heckler's Veto" of The Satanic Temple's After-School Meeting Application

From The Satanic Temple, Inc. v. Saucon Valley School Dist., decided yesterday by Judge John M. Gallagher (E.D. Pa.): [According to the Complaint,] Plaintiff, The Satanic Temple, Inc. ("TST") "is a non-theistic, religious not-for-profit corporation" that "has been recognized by the IRS as a church… and as a religious corporation."…

Reason

Is Your Scholarship Tax-Free or Taxable?

Scholarships are generally tax-free if certain IRS and other requirements are met.

Kiplinger

Oklahoma Storm Victims Have an Extended IRS Tax Deadline

Oklahoma taxpayers impacted by severe April storms have an extended tax filing and tax payment deadline.

Kiplinger

‘Excessive loyalty’: how Republican giant George Shultz fell for Nixon, Reagan … and Elizabeth Holmes

The great secretary of state’s biographer, Philip Taubman, balances cold war achievements with costly political failures

The Guardian - US

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Beyoncé responds to government claim she owes millions in back taxes

Lawyer Michael C Cohen said: ‘We are working with the IRS and anticipate that the matter will be resolved shortly’

The Independent UK

Beyoncé responds to government claim she owes millions in back taxes

Lawyer Michael C Cohen said: ‘We are working with the IRS and anticipate that the matter will be resolved shortly’

The Independent UK

Danger and deja vu: what 2011 can tell us about the US debt ceiling crisis

Congress appears to be facing its biggest debt standoff in years – and the consequences of default could be disastrous

The Guardian - US

Vivek Ramaswamy: Why He's Running for President—and Against 'Woke Capitalism'

The Capitalist Punishment author explains his America First 2.0 agenda, how to fix America's identity crisis, and why he no longer calls himself a libertarian.

Reason

Should I Tap My 401(k) To Buy A Second Home Or Income Property?

Dead set on buying a beachfront vacation home or an investment property on a lake with a view?

Investors Business Daily

Phone Phising Scams Stole More Than $29 Billion From Americans, New Report Says

Even corporate accounting departments lost some $1.2 billion this past year to vishing calls.

Zenger

House GOP passes debt "sabotage" bill

"This is completely unworkable," Rep. Pramila Jayapal says

Salon

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Kiplinger

How to Financially Get Through A Layoff

Losing your job can be traumatic, but it doesn’t have to wreck your finances.

The Independent UK

House Republicans pressure Biden as they vote to raise debt ceiling in exchange for spending cuts

The House voted 217-215 along party lines to raise the debt ceiling by $1.5 trillion

The Independent UK

Ex-Harvard prof sentenced, fined for lying about China ties

A former Harvard University professor convicted of lying to federal investigators about his ties to a Chinese-run science recruitment program and failing to pay taxes on payments from a Chinese university was sentenced Wednesday to supervised release and ordered to pay more than $83,000 in restitution and fines

The Independent UK

What's in the GOP bill to lift debt limit, cut spending

House Republicans are pushing their top priorities in a bill to raise the debt limit

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Kiplinger

IRS Service Improvements Could Bring Faster Tax Refunds

Recent IRS improvements mean taxpayers could see faster tax refunds next year and beyond.

Tribune News Service

‘Excessive wealth disorder’: Should the ultra-rich pay more to help solve America’s problems?

Boosting taxes on America’s wealthiest people could bring in trillions of dollars to help the country solve its most pressing problems, according to Gabriela Sandoval, executive director of the non-profit Bay Area think tank Excessive Wealth Disorder Institute.

The Street

7 Smart Ways to Invest Your Tax Refund

You can maximize your tax refund in several ways — from paying off high-interest debt to investing in a business or saving for retirement.

InsideEVs

Rivian R1T And R1S Join EVs Now Eligible For Partial US Tax Credit

After the US Treasury put out its US EV tax credit guidelines, which make most EVs ineligible for at least part of the credit, Rivian submitted new paperwork.

The Street

The Average Tax Refund Where You Live

The IRS warned taxpayers to expect smaller refunds in 2023. Here's what's typical in every U.S. state.

Tribune News Service

Hydrogen energy gets ready for its close-up as US funds flow

The hydrogen rush is on.

The Street

Here Are the Five Best Ways to Use a Tax Refund

Finance specialists would like to have a word with you about what to do with that tax refund.

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