Taxes
State Department Can Revoke Passports for Taxpayers with Tax Liens or Levies
The government can deny or revoke passports of people with federal tax debts of $59,000 or more and a tax lien or levy has been filed.
Trump’s Suit Against Niece Over NY Times Story About His Taxes Advances
A judge on Friday rejected Mary Trump’s argument that the former president’s lawsuit violated a state law against frivolous litigation.
Corporations Get a Reprieve From the IRS on New CAMT
The IRS waived penalties for corporations that didn't pay their estimated tax liability under the corporate alternative minimum tax.
AICPA Expresses Strong Support for Bicameral Disaster Tax Relief Legislation
The process for receiving tax filing relief from the IRS during a natural disaster can be overwhelming.
House Ways and Means Set to Put GOP Tax Priorities Up for Vote Next Week
The Republican-led committee is preparing to consider a package of tax breaks for individuals and businesses next week.
Many Californians Confused By IRS Balance Due Notices
Why? Because millions of California residents received an extension to file their 2022 taxes from the IRS due to severe weather in the state.
U.S., U.K. Begin Talks on Critical Minerals Agreement for EV Tax Credits
A critical minerals trade deal would allow U.K. businesses to benefit from incentives passed through the Inflation Reduction Act.
House Ways and Means Passes Bill on Easing ACA Reporting Requirements
The Employer Reporting Improvement Act would make it easier for businesses to comply with the Affordable Care Act.