Taxes
Not Having a Speaker is Threatening Many Key Areas Like Tax
Among the items now stalled are negotiations to restore tax breaks for business spending on research and development.
Trump Organization Controller Admits to Tax Fraud Over Fear of Losing Job
McConney admitted he previously testified under oath that he knew he was breaking the law. He claimed he feared being fired if he resisted Weisselberg’s demands.
Treasury Releases Guidance for New EV Tax Credits
The consumer discount is one of the significant changes to electric vehicle tax credits implemented under the Inflation Reduction Act.
Report Claims Giuliani Owes Nearly $550,000 in Back Taxes to IRS
According to a report, former New York City mayor Rudolph Giuliani owes $549,435.26 in unpaid taxes and, as a result, the agency has placed a tax lien on a condo he owns in south Florida.
Be on the Lookout for Art Donation Tax Scams, IRS Says
Taxpayers, particularly wealthy filers, were warned Thursday about scams involving exaggerated art donation deductions.
Five Tax Strategies Retirees Should Consider Before Dec. 31
Start thinking about optimizing Roth conversions, RMDs, capital gains, Medicare premiums and charitable giving before year's end.
IRS Cuts PTIN Fees for 2024
The IRS is slashing the costs for paid tax return preparers to renew their preparer tax identification numbers in 2024 by nearly 36%.
Why a Wealth Tax Would Be Horrible for American Taxpayers
An upcoming Supreme Court case about unrealized gains could decide the fate of a potential federal wealth tax.