IRS Audits Focus on High-Income Earners, Lower for Others
The IRS has increased its audit rate for wealthy individuals and corporations in 2024, fulfilling a pledge made by the B...
Supreme Court Upholds Catholic Charity's Tax Exemption
The Wisconsin Supreme Court initially denied a Catholic charity a tax exemption, arguing its services to the poor weren'...
Shein and Temu Demand Declines in US as Tax Loophole Closes
Demand for online retailers Shein and Temu is decreasing in the United States. New data suggests this slowdown is connec...
Proposed US Tax Law Rattles Wall Street Over Global Implicat...
A proposed U.S. tax law is causing concern on Wall Street due to its potential impact on international business. The law...
IRS Nominee Billy Long Promoted Dubious Tax Credit
Billy Long, President Trump's pick to lead the IRS, faces scrutiny over his past promotion of a tax credit that experts...
SALT Debate: GOP Divided Over Tax Hikes for Wealthy in Blue...
Republicans are clashing over a proposal to raise taxes on wealthy individuals in blue states as part of ongoing SALT (s...
Bond Market Reacts to US Budget Debate
Investors are watching the U.S. budget debate closely, worried about the potential impact of tax plans on the national d...
Partisan Battle Looms Over Trump's Tax Plan in Key Meeting
A high-stakes meeting is set to take place today as Republican and Democratic lawmakers clash over former President Dona...
Tax Deduction for Met Gala Tickets Sparks Debate
A tax loophole allowing charitable deductions for attending events like the Met Gala is drawing criticism. Critics argue...
GOP Sets July 4th Deadline for Reconciliation Bill Amid Divi...
Republican leaders are aiming to pass their reconciliation bill by the Independence Day holiday. Internal divisions over...
Trump's Harvard Tax Threat Could Complicate IRS Operations
Former President Donald Trump's recent social media post suggesting Harvard University's tax-exempt status should be rev...
Sen. Ossoff Links Trump's Policies to Georgia Economic Conce...
Georgia Senator Jon Ossoff stated that the economic difficulties facing the state are largely attributable to the 'chaos...
GOP Faces Deadline as Tax Bill Differences Persist in Congre...
Republicans in Congress are working against the clock to reconcile significant differences between the Senate and House...
Harvard Faces Potential Financial Challenges Amid Trump's Po...
Harvard University, despite its substantial endowment, could face financial hurdles due to potential policy changes from...
Wealthy Americans Seek Swiss Bank Accounts Amid U.S. Concern...
Some wealthy Americans are increasingly opening bank accounts in Switzerland, a trend investors are calling "de-American...
Trump IRS Action Raises Independence Concerns
President Trump is facing scrutiny for actions that appear to challenge the traditional independence of the Internal Rev...
IRS Faces Staffing Shortages, Halts Audits of Wealthy, Tax A...
Tax attorneys are raising concerns about the IRS's ability to function effectively due to staff cuts. Some claim the age...
GOP Warns of Potential Tax Hike if Trump Tax Cuts Expire
Republican leaders are raising concerns about a possible tax increase for American families if the tax cuts enacted unde...
Harvard Lawsuit Challenges Trump Tax Cuts; Audit Risk Declin...
Harvard University is suing the U.S. government, arguing that tax cuts enacted under former President Trump unfairly tar...
IRS-ICE Data Sharing Deal Could Reduce Tax Revenue by Billio...
A new agreement between the IRS and ICE to share information on undocumented immigrants could significantly impact feder...
IRS to Share Migrant Tax Data with ICE
The IRS will now share some tax information of migrants with Immigration and Customs Enforcement (ICE). This agreement m...
IRS Workforce Shrinking, Civil Rights Office Eliminated
The Internal Revenue Service (IRS) is reducing its workforce by 25%, leading to significant changes within the agency. T...
Wisconsin Supreme Court Hears Catholic Charity Tax Exemption...
The Wisconsin Supreme Court is considering whether a Catholic charity deserves a property tax exemption. The case center...
Supreme Court Weighs Religious Tax Exemption for Catholic Gr...
The Supreme Court is considering whether groups connected to the Catholic Church deserve a religious exemption from Wisc...
IRS Cooperation with ICE Could Squeeze Undocumented Immigran...
A potential collaboration between the IRS and ICE raises concerns about the financial and legal vulnerabilities of undoc...
GOP Lawmaker Seeks to Revoke Tax-Exempt Status of Stacey Abr...
A leading Republican in the House of Representatives is urging the IRS to investigate and potentially revoke the tax-exe...
Trump Meets with Senate Republicans Amid Tax Debate
Former President Donald Trump met with members of the Senate Finance Committee at the White House today. The meeting aim...
Senate to Debate Trump's Budget Proposal This Week
The Senate is back in session this week and will begin debating President Trump's budget proposal. The budget includes s...
House Approves Budget After Close Vote, Heads to Senate
The House of Representatives narrowly passed a budget bill after a lengthy overnight session. The legislation focuses on...
Massachusetts Farmer Wins Tax Battle, Receives $31,000 Refund
A Massachusetts farmer has successfully resolved a years-long dispute with the state's Department of Revenue. Initially...
IRS Workforce Shrinks by Nearly a Third, Watchdog Report Finds
A recent Treasury Department report indicates the Internal Revenue Service (IRS) has experienced a significant reduction...
IRS Auditor Staffing Declines Sharply After Budget Adjustments
A recent report indicates the Internal Revenue Service (IRS) has experienced a significant reduction in its auditing sta...
Trump, Johnson Discuss Strategy as Budget Reconciliation Nears Vote
President Trump and Speaker Johnson are working together as the budget reconciliation process enters its final stages. R...
Trump Replaces Acting IRS Commissioner Days After Appointment
In a surprising move, former President Trump has replaced Gary Shapley as acting commissioner of the Internal Revenue Se...
Harvard's Tax-Exempt Status: Could the IRS Revoke It?
Former President Trump has raised the possibility of the IRS revoking Harvard University's tax-exempt status. Experts sa...
Trump Questions Harvard's Tax Status After Funding Freeze
Former President Donald Trump has publicly questioned Harvard University's tax-exempt status following the federal gover...
2025 Tax Guide: Key Information for Filing Your Return
The tax filing deadline is approaching quickly. Before you submit your return, it's important to understand key changes...
Acting IRS Chief to Resign Following Data-Sharing Agreement with DHS
Acting IRS Commissioner, Javier Alvarez, plans to resign amid controversy surrounding a data-sharing agreement with the...
IRS Restructures, Eliminates Civil Rights Office Amid Workforce Reductions
The Internal Revenue Service (IRS) is undergoing restructuring, which includes the elimination of its civil rights offic...
Top Tax Relief Services to Help Resolve Tax Debt
Dealing with tax debt can be stressful. Fortunately, several tax relief services can help you navigate complex tax issue...