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The Latest Breaking News from Tax Return

Get rid of the paper clutter: how to deal with your household documents

From ways to store important documents to the right ways to destroy them

The Guardian - UK

Mortgage Interest Tax Deduction: What You Need to Know

Should you claim the mortgage interest deduction when you file your federal tax return?

Kiplinger

Tax Tips for Filing Your 2023 Tax Return

From filing early to electronic filing, these tax tips will help speed up the process of filing your 2023 tax return.

Kiplinger

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

How can I possibly fill in my own tax return? I know nothing about money

This year like every year, I’ll be paying someone to handle my self-assessment. I know it’s pathetic – but why aren’t we taught about this stuff at school?

The Guardian - UK

Almost 4 million people yet to file UK tax return due on 31 January

HMRC issues ‘act now’ plea as deadline looms for self-assessment tax return with penalties for those who miss it

The Guardian - UK

Self-assessment tax return: the dos and don’ts to ensure you don’t pay too much

Late to file or unsure if you need to? Here’s what you need to know – and how to ensure you don’t pay too much

The Guardian - UK

Less than a month for nearly 5.7m people to meet self-assessment deadline

Some 127 people saw in the new year by filing their tax return, according to HM Revenue and Customs figures.

The Independent UK

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Taxpayers cop fines after using unregistered tax agent

An unregistered tax agent who unlawfully lodged hundreds of tax returns filled with dodgy deductions exposed her clients to ATO fines and unexpected tax bills.

AAP

2025 Year-End Tax Planning Can Protect You From a Big Tax Bill

With a short time left before 2025 comes to a close, year-end tax planning is all-important. Here are some areas to focus on.

Kiplinger

IRS plans limited rollout of free e-file tax return system with invitations to select taxpayers

The agency estimates that hundreds of thousands of taxpayers will participate in the limited rollout of the program for the 2024 filing season.

Chicago Sun-Times

Medicare Premiums 2024: IRMAA for Parts B and D

Kiplinger

Ex-IRS contractor pleads guilty in leak of tax return information of Trump, wealthy people

A former contractor for the Internal Revenue Service charged with leaking tax information to news outlets about former President Donald Trump and thousands of the country’s wealthiest people pleaded guilty Thursday in an agreement with prosecutors

The Independent UK

IRS contractor charged with leaking tax return information of wealthy people

A former contractor for the Internal Revenue Service has been charged with leaking tax information to news outlets about a government official and thousands of the country’s wealthiest people

The Independent UK

FCC judge rules that Knoxville's only Black-owned radio station can keep its license

Since 2022, WJBE has battled with the FCC over its owner, Joe Armstrong, being able to own a radio station following his conviction in 2016 for making a false statement on his tax return.

WEKU

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The Guardian - UK

My husband died suddenly, then HM Revenue and Customs sent him a £100 fine

I had no idea I was supposed to file a tax return for my late husband, but my attempts to explain have been greeted by a penalty notice

The Independent UK

Democrats accuse tax prep firms of undermining new IRS effort on electronic free file tax returns

Congressional Democrats are accusing big tax preparation firms including Intuit and H&R Block of undermining the federal government’s upcoming electronic free file tax return system

Evening Standard

OPINION - Everything I need for work I learned on the job — my degree was a waste of cash

In my last job, £258 of every paycheque was syphoned off to the Student Loans Company. Now that I’ve gone freelance, I sometimes have palpitations about the chunk of money I’ll have to hand over to cover the debt come tax return time.

The Conversation

Worried you'll lodge a late tax return? At least 80,000 Australians can't afford tax advice

If you’re struggling to complete your tax return, you’re not alone. There are cases of Australians being years, even decades behind in their tax returns. And the poorer you are, the more likely you’ll need but can’t afford some professional help.

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news in one place.

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Kiplinger

Are You Mistakenly Dead to the IRS?

A new report says the IRS placed 'deceased locks' on accounts of more than 90,000 taxpayers who weren’t dead.

The Hindu

The yearly grind

The inherent anxiety and tension remain despite the well-meaning reforms and technological advancements initiated by the Income Tax department.

Kiplinger

Montana Property Tax Rebates and Other Relief for Homeowners

Here’s everything you need to know about Montana property tax rebates and long-term tax relief.

The Conversation

myTax is fast and free – so why do 2 in 3 Australians still pay to lodge a tax return?

Ten years ago, the Australian Taxation Office (ATO) created the “myTax” portal, an easy way to lodge your tax return online.

The Guardian - UK

Corbyn and Reeves among MPs who claimed accountants’ fees on expenses

Andrea Jenkyns and Michael Fabricant also among 12 MPs who used parliamentary expenses for help with tax returns

The Independent UK

IRS steps toward a new free-file tax return system have both supporters and critics mobilizing

Plans by the IRS to test a new electronic free-file tax return system next year have got supporters and critics of the idea mobilizing over whether the government should set up a permanent program to help people file their taxes without needing to pay somebody else to figure out what…

Pedestrian.tv

Accountant To The Rich & Famous Has Shared His Advice For Beefing Up Your Lousy Tax Return

A former accountant to an Aussie media mogul has put their money where their mouth is and spilled all their tips and tricks on navigating the treacherous tax season. Allan Mason, who was the former accountant of billionaire Kerry Packer — yes, the father of James Packer, AKA Mariah Carey‘s…

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