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The Latest Breaking News from IRS

How to Get a Small Business Loan and Navigate the Tax Implications

Small business loans like the SBA 7(a) loan can be a crucial lifeline for your company. But how do these loans affect your taxes?

The Street

In What Order Should You Tap Your Retirement Funds?

Should you go with your IRA first or your brokerage account? Follow this road map for tax-smart withdrawals.

Kiplinger

Investment Woes? Fight Back With Tax And Retirement Planning

Retirement planning: Roth IRAs and tax-loss harvesting reap big rewards.

Investors Business Daily

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IRS officer Nitin Gupta appointed new CBDT chairman

The CBDT is headed by a Chairman and can have six members who are in the rank of special secretary. It is the administrative body for the Income Tax department.

The Hindu

Bureaucracy: Nitin Gupta appointed as Chairman CBDT

The Government of India on Monday appointed IRS Nitin Gupta as chairman of the Central Board of Direct Taxes (CBDT). Read more on Dynamite News:

Dynamite News

'Groundhog Day' at IRS: Returns pile up, phone delays worsen

An IRS watchdog says customer service issues are worsening at the tax-return-processing agency

The Independent UK

AP News Digest 3 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

The Independent UK

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IRS erases last season's backlog, but still faces 2022 crush

The Internal Revenue Service says that it will have erased its backlog of last season’s tax returns by the end of this week

The Independent UK

How GOP donor Jeff Yass games tax system

Jeff Yass dodged $1 billion in taxes — now he's pouring money to support election deniers

Salon

APT illegally raises millions: complaint

New complaint says Americans for Public Trust is illegally raising millions while airing GOP propaganda

Salon

Millennial Money: 4 items for your midyear money checklist

Heading into the second half of 2022, it’s a good time to pause and check in on your financial life

The Independent UK

Five IRA Rules for Spouses

Getting married changes the rules around IRAs -- sometimes for better and sometimes for worse. Here's how the rules work for spouses, and the strategies for dealing with them.

The Street

Auto review: Super-charged, Super Cruise, super-ute Cadillac Escalade-V is Hulk on wheels

SCOTTSDALE, Arizona — The Cadillac Escalade-V’s specs seem like something out of a Marvel comics creative session: Big as Hulk, seats seven, built on a steel truck frame, cruises on autopilot — yet accelerates from zero to 60 mph in 4.4 seconds, dances on Corvette-inspired magnetic shocks, and stops on…

Tribune News Service

A24 turns the ‘Everything Everywhere All at Once’ butt plug trophy into a candle

Don’t worry, it doesn’t smell how you may think.

Input

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Investors Business Daily

Seven Easy Ways To Shield Your Money From Inflation

Tips on how to ease inflation pain, including how to cut gas costs, protect investments and fine-tune budgets.

Tribune News Service

Lawmakers who ran on ‘SALT’ relief prepare to face voters

WASHINGTON — Democrats are short on time to act on a budget package containing much of President Joe Biden’s domestic agenda before November’s midterm elections, which could spell trouble for an issue that’s animated some tight House races before: the cap on deducting state and local taxes.

The Street

Cash Vs. Accrual Accounting Explained With Examples

Should a small business use a cash or accrual accounting method? A CPA answers with examples.

Roll Call

Lawmakers who ran on 'SALT' relief prepare to face voters - Roll Call

Democrats who previously campaigned on addressing the cap on deducting state and local taxes are running out of time to do so.

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Daily Mirror

Logan Paul responds to Floyd Mayweather claiming he has been paid for fight

Logan Paul reasserted his claim that Floyd Mayweather hasn't paid him for their exhibition clash last year, with the YouTube star branding the boxing legend a "punch drunk idiot"

The Street

Are You Overpaying Taxes? CPA Explains Why You Shouldn't

The IRS returned 96 million tax refunds worth billions. Why you shouldn't get yours by overpaying.

The Street

Las Vegas, Casinos, Gamblers May Get an IRS Jackpot

A new bill would set a higher threshold for what slot winnings need to be reported to the IRS (which Caesars, MGM, and others should love). Should you bet on it passing?

The Street

How to File Tax Amendments

You filed on time, but realize you made a mistake. The IRS allows you to voluntarily correct errors you later discover by filing an amended tax return.

The Street

10 Steps to Avoiding Tax-Return Identity Theft

Make sure your refund ends up in your hands and not that of a thief by practicing a few simple habits that can protect your personal information.

Roll Call

Bipartisan crypto bill outlines regulatory, tax framework - Roll Call

New legislation would treat cryptocurrency as a commodity and give the Commodity Futures Trading Commission regulatory authority.

The Street

4 Crypto Tax Myths You Need to Know

Interest in cryptocurrency has grown rapidly in recent years, bringing with it tax implications people should know.

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