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2 mins read

The IRS has failed to police the huge tax breaks offered by Puerto Rico, whistleblower claims

According to The New York Times, an IRS insider wrote that less than 1% of those using a Puerto Ric…

Filip De Mott   


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3 mins read

The IRS says its direct file program saved Americans $5.6 million in filing fees. Now they're making it permanent.

Over 100,000 Americans filed their taxes using the IRS's free new program last year. Now, it's stic…

Juliana Kaplan   


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2 mins read

The IRS's free tax filing system is officially open. Here's everything you need to know.

The IRS launched the Direct File tax program in March and residents of 12 states are eligible for t…

Allie Kelly   


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1 min read

The door is slamming shut on a $50 billion tax loophole used by the superrich

The Treasury and IRS proposed new tax regulations for the uber-wealthy that will result in $50 bill…

Geoff Weiss   


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5 mins read

Welcome to the age of geriatric millionaires

Millionaires have been getting older, and holding onto their wealth for longer. It's creating a Kin…

Juliana Kaplan   


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5 mins read

For some millennials, the reality of their retirement plans is that they're a fantasy

New data shows a significant gap with how much millennials expect they need to retire ($1.7 million…

Dan DeFrancesco   


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2 mins read

Massachusetts' millionaire tax is earning more than expected and could help make up for the last few years of high earners fleeing the state

The millionaires tax in Massachusetts beat estimates by bringing in $1.8 billion so far, helping th…

Cork Gaines   


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3 mins read

The IRS gave us a window into how much tech titans have dodged in taxes

The IRS says Microsoft owes nearly $29 billion in back taxes. It might signal a widespread practice.

Juliana Kaplan   


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3 mins read

Republicans' plan to fund Israel by cutting IRS spending would cost taxpayers billions and add to the national deficit

Cutting IRS funding would mean millionaires and large companies get away with not paying their fair…

Ayelet Sheffey,Juliana Kaplan   


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2 mins read

The IRS is rolling out a free tax filing pilot in 13 states. Here's where and who's eligible.

Taxpayers in 13 states may be able to try out the IRS's new free filing pilot in 2024.

Juliana Kaplan   


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6 mins read

What is an IRS 1099 form?

1099 forms are used to report various types of income to the IRS such as money from contract work, …

Robin Kavanagh,Sheneya Wilson, CPA   


Juliana Kaplan   


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2 mins read

Trump could face a $100 million tax bill after the IRS says he tried to write off the same losses twice on his Chicago skyscraper

In Trump's 2008 tax return, he reported that he lost up to $651 million on his Chicago tower projec…

John L. Dorman   


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4 mins read

People are getting taxed for gig work they've never done

Uber and DoorDash have been sending tax forms to people who have never worked for the gig delivery …

Alex Bitter   


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4 mins read

A tax expert shares the misconceptions and hidden costs the wealthy face when moving to Puerto Rico for tax breaks

The tax benefits of moving to Puerto Rico have misconceptions about capital gains and the requireme…

Cork Gaines   


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2 mins read

You can now file your taxes directly to the IRS for free — if you live in 1 of these 12 states

The IRS has launched a free tool for taxpayers to file tax returns online, but there's a catch: you…

Dominick Reuter   


Juliana Kaplan,Ayelet Sheffey   


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3 mins read

The IRS could recover $12 for every $1 spent on scrutinizing the ultra-wealthy's taxes

America's highest earners are pretty adept at not paying the taxes they owe. Scrutinizing them coul…

Juliana Kaplan   


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3 mins read

Americans are moving a lot less — and boomers may be to blame

US internal migration has significantly slowed over the last five decades, and a new study suggests…

Noah Sheidlower   


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4 mins read

What it takes to become a resident of Puerto Rico to gain the tax breaks, and what you'd have to give up

Becoming a citizen of Puerto Rico isn't difficult for US citizens, but it comes with some strict ru…

Cork Gaines