UNBELIEVABLE: Internal revenue service - The Untold Story

US charity director diverted $50,000 donation linked to Curry couple's TV appearance

A former executive director of a youth boxing charity in Oakland, California, diverted a $50,000 donation presented during Stephen Curry and Ayesha Curry's appearance on The Ellen DeGeneres Show into his personal bank account. Howard Solomon, also known as Solomon Howard, was sentenced to 27 months in federal prison in…

The Times of India · 4h ago

Unpaid taxes could jeopardise US green card applications, warn immigration lawyers

USCIS's tougher discretionary approach to adjustment of status (to a green card) puts applicants and in some cases, their financial sponsors under greater scrutiny. Tax compliance could also affect future citizenship applications.

The Times of India · 7h ago

The Beneficiary Mistake That Could Send Your Retirement Savings to the Wrong Person

A retirement account can follow your financial wishes for decades, then send the money to someone you stopped speaking to years ago. All it takes is an outdated beneficiary designation, a form that many people complete once and promptly forget.

The Free Financial Advisor · Oct 30

IRS proposes federal scholarship tax credit donor and credit rules that increase potential size of program, limit certain uses

On Oct. 2, the Internal Revenue Service (IRS) issued temporary regulations and proposed final regulations to implement the Federal Scholarship Tax Credit (FSTC), also known as the Education Freedom Tax Credit. The program — codified in section 25F of the IRS code — will take effect on Jan. 1, 2027.…

Ballotpedia · Oct 29

How To Use Medical Receipts as an HSA Cashcow

You can pay this year’s medical bills out of your checking account, leave the HSA money invested, and pay yourself back tax-free in 2046. Or sooner. Just spitballing. The IRS doesn’t set a deadline on the reimbursement. Whether that’s worth doing depends on your cash flow, your HSA’s investment menu,…

Thousandaire · Oct 28

A US court slashed a $74.5m tax break on 310 Tennessee acres to $500,000, upholding a 40% penalty

The United States Tax Court delivered a decisive blow to Lontrac Enterprises, LLC, reducing their claimed tax deduction for a conservation easement from $74.5 million to $500,000. The ruling highlighted the partnership's failure to provide credible evidence, resulting in the imposition of a 40 percent penalty from the IRS for…

The Times of India · Oct 28

Florida CPA Sentenced to 18 Months in Prison for Evading $2.2 Million in Federal Income Taxes

A Florida certified public accountant has been sentenced to 18 months in federal prison after admitting to evading payment of more than $2.2 million in federal income taxes, according to an October 26, 2026, announcement from the U.S. Department of Justice.

The Free Financial Advisor · Oct 27

IRS Urges Taxpayers To Act Before Mid-November Unless They Want Bad Actors Stealing Their Refunds

The IRS urges taxpayers to obtain an IP PIN before its mid-November shutdown to help protect their identity ahead of the 2027 tax season.

International Business Times UK · Oct 27

How Capital Gains Tax Works, and the Legal Ways to Owe Less (or Nothing)

Your portfolio crushed this year. Noice.

Thousandaire · Oct 26

7 Things Families Should Never Do With a Loved One’s Money After They Die

When a parent or spouse dies, financial decisions often become urgent at the worst possible time. There may be funeral expenses to cover, utility bills...

Saving Advice · Oct 26