Taxes

Long-Neglected IRS Enjoying Cash Infusion Under Biden

Customer service, enforcement both seeing revamps with money from 2022’s Inflation Reduction Act.
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Biden Heads To His Hometown Of Scranton To Talk About Taxes

President Biden has proposed a minimum tax for billionaires of 25%. He has said over 10 years it would raise $500 billion.
By Colleen Long, AP

Wondering Where Trump Gets His Money? Don’t Expect To See Any Tax Returns Soon.

Democrats successfully fought to get Trump’s tax returns public when he was president. That won’t happen now he’s running again.
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Poor, Minority Areas More Likely To Have Paid Tax Preparers, Report Says

The largely unregulated industry often sees error-ridden returns and high fees, a justice group alleges.
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We're Accountants. Here Are 6 Things We'd Never Do When Filing Taxes.

Tax experts share some of the biggest mistakes you can make and how to avoid them.
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America's Biggest Companies Paid Top Execs More Than They Paid In Taxes

The report highlights how rampant corporate tax dodging and excessive executive pay have become among dozens of major American companies.
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Trump Endorses Texas Republican Who’s Open To Raising Taxes, Overhauling Social Security

The former president reiterated his support Tuesday for Rep. Jodey Arrington, who’s pushing a commission that could raise taxes and cut entitlements.
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Terrence Howard Hit With $1 Million Judgment In Tax Case

The actor reportedly said it's “immoral for the United States government to charge taxes to the descendants of slaves.”
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IRS Launches Crackdown On 125,000 Wealthy ‘Non-Filers’

The cases involve hundreds of millions of dollars of unpaid taxes, the IRS said.
By FATIMA HUSSEIN, AP

America's Largest Corporations Dodged A Shocking Amount In Taxes

An examination of 342 companies from 2018 to 2022 found the vast majority using loopholes and tax breaks to avoid taxes on profits. Some paid nothing in federal taxes.
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