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The Latest Breaking News from IRS

Is Trump going to be arrested? Answers to questions about the former president's legal troubles

Former President Donald Trump set an unenviable record while occupying the White House, becoming the first president to be impeached twice by the House of Representatives.

Los Angeles Times

Biden Wants a Higher Child Tax Credit and So Do Some Republicans

President Biden wants to revive the higher child tax credit and monthly advance payments, while some Republican senators have their own ideas for the popular tax break.

Kiplinger

IRS Form 1065: Everything You Need to Know

Form 1065 is used by domestic and some foreign partnerships to declare profits, losses, deductions, and credits for their tax year.

The Street

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

Federal Employees Don't Like Paying Taxes Either

Uncle Sam's own workers owe $1.5 billion, and growing, in unpaid taxes.

Reason

How to Change Your Tax Filing Status

Choosing your filing status is a crucial step for preparing your federal tax return, as it determines your standard deduction, tax rates and brackets.

The Street

Millennial Money: Job plus a side gig? Avoid these mistakes

It’s the first quarter of the year, and many people may be interested in starting side hustles for extra income or to finally pursue their entrepreneurial dreams

The Independent UK

For Asian Americans, Yeoh, Quan's Oscar wins are theirs too

Ke Huy Quan’s comeback story from childhood star of ’80s flicks coupled with Michelle Yeoh’s historic win as the first Asian best-actress winner Sunday night had viewers of Asian descents shedding happy tears and grinning

The Independent UK

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Oscar-Winning Everything Everywhere All At Once Celebrates Individualism, Free Will

In a chaotic universe full of infinite realities where all choices are relative, individualism still matters.

Reason

What Is an Excise Tax? Definition, Types & Examples

Governments, from municipal to federal, have a number of ways of getting revenue from citizens to fund their operations. The most well-known is an income tax. But there are also taxes on goods and services, as well as retail sales. Taxes on retail sales are known as sales taxes. Some…

The Street

Jamie Lee Curtis wins Oscar for best supporting actress

Jamie Lee Curtis made her long-waited first Oscar nomination count

The Independent UK

Yellen, House Republicans spar over tax increases, debt limit

WASHINGTON — House Republicans slammed the Biden administration’s tax proposals in a hearing with Treasury Secretary Janet L. Yellen on Friday, giving the president’s latest budget request an icy reception.

Tribune News Service

Yellen, House Republicans spar over tax increases, debt limit - Roll Call

House Republicans slammed the Biden administration’s tax proposals in a hearing with Treasury Secretary Janet L. Yellen on Friday.

Roll Call

Rivian Emails Customers About IRS' Rules For EV Tax Credits

Just because the EV you ordered may not qualify for the revamped US EV tax credit doesn't mean you can't get the original credit. The IRS released new guidance.

InsideEVs

IRS nominee Daniel Werfel confirmed by Senate vote

The U.S. Senate has confirmed Daniel Werfel to serve as commissioner of the Internal Revenue Service by a vote of 54-to-42

The Independent UK

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The Independent UK

Atlanta hospital closure inquiry sought by Georgia Democrats

Democratic Georgia lawmakers, local officials and the NAACP are asking federal officials to investigate a health care system that closed hospitals in downtown Atlanta and a southern suburb

The Street

'Tax Hack' Making The Rounds On Social Media Can Earn You a Huge Fine

Be careful following various tax tips and "hacks" that have been making the rounds on social media.

The Street

What Is a Tax Lien? Definition & Impact on Credit

What Is a Tax Lien?A tax lien can be used by the Internal Revenue Service (IRS) in the event that a taxpayer doesn't pay some or all of the taxes they owe. The tax authority can place a claim on a taxpayer's assets—such as their home—as security for their debt.…

Tribune News Service

Biden administration urged to take more aggressive steps to relieve medical debt

Dozens of advocates for patients and consumers, citing widespread harm caused by medical debt, are pushing the Biden administration to take more aggressive steps to protect Americans from medical bills and debt collectors.

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The Street

What Is the Alternative Minimum Tax? Definition & Origin

What Is the Alternative Minimum Tax?The alternative minimum tax, also known as the AMT, is a tax imposed on individuals who make a certain income, in addition to their income tax, to ensure that they pay the minimum amount of tax. The premise behind the AMT was to make sure…

WEKU

Medical debt affects millions, and advocates push IRS, consumer agency for relief

More than 50 consumer and patient groups want the Biden Administration to aggressively protect Americans from medical bills and debt collectors. The effort follows a KHN/NPR investigation.

The Street

Las Vegas, Casinos, Gamblers May Get a Surprise IRS Jackpot

Congress may change an outdated rule that would set a higher threshold for what slot winnings need to be reported to the IRS (which Caesars, MGM, and others should love.)

Fortune

Stripe: ‘The IRS can help the next wave of American entrepreneurs. Here’s how’

The IRS should maintain and expand pandemic-era electronic application processes so that new businesses can get up and running.

The Independent UK

NOT REAL NEWS: A look at what didn't happen this week

Social media users shared a range of false claims this week

Los Angeles Times

Next step in surveillance AI: finding out who your friends are

LOS ANGELES — A gray-haired man walks through an office lobby holding a coffee cup, staring ahead as he passes the entryway.

Reason

My Son Did His Taxes for the First Time. Rage Ensued.

Nothing focuses the mind quite so intently on the sheer stupidity of government as doing your taxes.

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People

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