Income Tax
Paychex Charitable Foundation Donates $1 Million to National Urban League
The grant, which allocates $250,000 annually over four years, will support job training and workforce development programs in key markets where Paychex has a high concentration of employees.
Hunter Biden to Plead Guilty to Tax and Gun Charges
Hunter Biden has been charged with illegally possessing a handgun in 2018 as well as two tax misdemeanors, for failing to file and pay taxes on time in 2017 and 2018.
These Two Tax Laws Make REITs More Tax-Friendly
Taking advantage of the return of capital and Tax Cuts and Jobs Act rate reductions can significantly reduce taxes on REIT distributions.
What to Know About the Tax Deductibility of Funeral Expenses
Most people cannot deduct burial costs, but there are things you can do to manage them.
Harvard Economists Offer Economic Analysis of IRS Tax Audits
The paper finds that for every $1 the IRS spends auditing high-income taxpayers, it yields more than $12 in revenue, and audits of lower-income taxpayers yields $5 in revenue.
These Tax Cuts and Jobs Act Provisions May Sunset Soon
Significant changes are on the horizon for taxpayers, as the tax mitigation benefits of the TCJA are set to expire at the end of 2025.
Conservatives’ Budget Plan Renews Battle Over Social Security Benefits, Tax Cuts
The proposal would gradually raise the age at which future retirees can claim full Social Security benefits from 67 to 69.
TIGTA: IRS Gave Out More Than $10 Billion in Excess Child Tax Credits in 2021
The IRS miscalculated 2021 child tax credit payments for thousands of eligible taxpayers as of May 5, 2022, TIGTA said.