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Leadership Turnover in the IRS Could Lead To Delays
Changes in top management at the IRS may impact the agency’s operational efficiency, potentially resulting in slower processing times and affecting revenue collection timelines.
Read Full Article →The IRS is sharing taxpayer data with ICE as Trump accelerates deportations
The collaboration between the IRS and immigration authorities may impact taxpayer confidentiality and influence resource allocation within both agencies, potentially affecting fina...
Read Full Article →An obsession with avoiding the estate tax cost this top exec his marriage. Now his son is speaking o...
Harvey Schein’s intense focus on minimizing estate tax obligations significantly impacted his personal relationships, highlighting the complex financial and emotional challenges as...
Read Full Article →Trump to replace IRS chief nearly two months after he stepped into the job
The change in IRS leadership, occurring shortly after the previous chief's appointment, may impact financial policies and tax administration stability during the transition period.
Read Full Article →The centralization crisis threatens data privacy
The growing dependence on centralized cloud systems and large-scale government data integration raises concerns about the security and management of sensitive financial information...
Read Full Article →Trump administration supports de mininis tax exemption for crypto, will continue to ‘explore legisla...
The administration’s endorsement of a minimal-value tax exemption for cryptocurrency could reduce reporting burdens for small transactions while indicating ongoing efforts to devel...
Read Full Article →Roger Ver, facing 109-year sentence over ‘exit tax’ scandal, sues Spain to block US extradition
Roger Ver is involved in a legal battle with Spain to avoid extradition to the US, where he is alleged to owe approximately $48 million in taxes linked to bitcoin transactions.
Read Full Article →OpenAI faces IRS complaint over alleged tax violations
The complaint could lead to a financial investigation that might impact OpenAI’s tax status and potentially result in fines or changes to its organizational structure and funding.
Read Full Article →IRS Formally Removes Anti-DeFi Broker Rule From Tax Code
The recent legislative change eliminates specific reporting requirements for decentralized finance transactions, potentially affecting tax compliance and oversight within the evolv...
Read Full Article →U.S. Treasury officially removes IRS controversial Biden-era on DeFi
The U.S. Treasury's recent decision eliminates previous reporting requirements for decentralized finance transactions, potentially impacting regulatory oversight and compliance obl...
Read Full Article →Treasury Department, IRS remove controversial ‘crypto broker’ tax rule requiring non-custodial servi...
The recent repeal by financial authorities eliminates a reporting requirement for certain digital asset intermediaries, resolving ongoing debates about balancing regulatory transpa...
Read Full Article →IRS says churches can endorse political candidates without losing tax-exempt status
Allowing religious organizations to support political candidates without jeopardizing their tax benefits could impact donation patterns and financial transparency within the nonpro...
Read Full Article →The Coming Crypto Tax Bomb
The increasing discrepancy between taxpayer understanding and IRS regulations regarding cryptocurrency taxation could lead to unexpected financial liabilities for individuals invol...
Read Full Article →IRS division failed to meet standards for seizing crypto, says watchdog
The watchdog’s review found that the IRS unit responsible for criminal investigations did not consistently adhere to protocols when handling cryptocurrency seizures, potentially im...
Read Full Article →IRS Watchdog: Three Problems the IRS Must Address in 2025
Upcoming modifications within the IRS could impact tax processing efficiency and compliance, potentially affecting financial outcomes for taxpayers and the overall management of go...
Read Full Article →'Big Beautiful Bill' Set to Eliminate the IRS's Free Online Tax Filing Program
The proposed legislation aims to discontinue the IRS’s complimentary digital tax submission service, potentially impacting the cost and accessibility of tax filing for many taxpaye...
Read Full Article →Supreme Court confirms IRS right to access customer data from crypto exchanges without warrant
The Supreme Court’s decision enables the IRS to obtain information from digital asset platforms more easily, potentially increasing tax compliance and impacting how cryptocurrency...
Read Full Article →Trump Admin Beats Coinbase, Privacy Advocates in Supreme Court IRS Showdown
The Supreme Court's decision not to review the case maintains current regulations requiring cryptocurrency platforms to share customer information, which could impact financial tra...
Read Full Article →US Supreme Court will not review IRS case involving Coinbase user data
The decision to uphold the previous court's ruling allows the IRS continued access to cryptocurrency transaction information, potentially influencing tax enforcement and compliance...
Read Full Article →Court rules IRS can collect Coinbase user data without warrants
The decision allows the IRS to access cryptocurrency transaction records from third parties without obtaining warrants, potentially impacting taxpayer privacy and influencing gover...
Read Full Article →Supreme Court Declines to Take Up Coinbase User Data Privacy Case
The decision means that Coinbase may be required to continue providing user information to the IRS, potentially affecting future regulatory compliance and financial reporting oblig...
Read Full Article →US Supreme Court decides not to review privacy case over IRS request for Coinbase user data
The Supreme Court’s refusal to hear the case means IRS requests for access to cryptocurrency user information will proceed without new legal interpretations, potentially impacting...
Read Full Article →IRS crypto letters spike over 750% as enforcement wave looms, CoinLedger Warns: report
The sharp rise in IRS communications to cryptocurrency holders suggests increased regulatory scrutiny, potentially leading to greater tax compliance requirements and financial impl...
Read Full Article →Why are thousands of crypto investors getting IRS warning letters — and should you worry?
Recent increases in IRS notifications to cryptocurrency holders highlight growing regulatory attention, potentially impacting investment strategies and tax obligations within the d...
Read Full Article →IRS warning letters to crypto investors are on the rise: what do they really mean?
The increase in IRS warning letters to cryptocurrency investors suggests a heightened focus on tax compliance, potentially leading to more audits, penalties, or demands for additio...
Read Full Article →The 2026 Tax Season Could See Significant Delays After DOGE Cuts, Warns IRS Watchdog
The IRS watchdog has indicated that reductions related to DOGE may lead to longer processing times during the 2026 tax filing period, potentially impacting taxpayers and overall fi...
Read Full Article →Fewer Agents, Fewer Audits: How IRS Staff Cuts Are Changing Enforcement
Decreases in IRS personnel have led to more audits ending without adjustments, which may contribute to a growing disparity between owed taxes and actual payments.
Read Full Article →IRS: Avoid ‘falling behind’ by making second-quarter estimated tax payment by June 16
Making the required second-quarter estimated tax payment by June 16 helps taxpayers prevent potential penalties and maintain compliance with federal tax regulations.
Read Full Article →Senate confirms Billy Long as next IRS Commissioner. What taxpayers might expect amid agency cutback...
The appointment of Billy Long as IRS Commissioner may influence how the agency manages resources and processes taxpayer obligations during upcoming financial adjustments and budget...
Read Full Article →Can't Afford Your Tax Debt? You May Be Able To Make A Compromise With The IRS
Individuals struggling to pay their outstanding tax balances might have options to negotiate a settlement with the tax authorities, potentially reducing the total amount owed to ma...
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