Why the IRS is legally required to give Congress Trump’s tax returns, but probably won’t
The law is clear that the IRS must turn over Trump’s returns to the House Ways and Means Committee. But there’s the law, and there’s political reality.
Trump attorney says IRS cannot legally release tax returns
William Consovoy, President Donald Trump's attorney, says the tax code zealously guards taxpayer privacy. He says that requests for tax returns "must have a legitimate legislative purpose."…
I owe how much? Americans shocked by impact of new tax law
The first tax filing season under the new federal tax law is proving to be surprising, confusing — and occasionally frightening — for some Americans, especially those accustomed to getting money back from the government.
Average tax refunds fall, fueling discontent with GOP-written law
The decline may be largely due to how some employees and employers had adjusted the amounts withheld from paychecks to account for changes under the new tax law. Most taxpayers received a tax cut under the law but some may…
The official start of the tax filing season comes Monday.
Taxpayers who are owed refunds will be paid on time, despite the government shutdown that has closed many federal agencies, a Trump administration official said Monday as concern mounted over the risk that the payments could be delayed.
The IRS has since updated the website to say it is temporarily unavailable. But the agency adds, "Note that your tax payment is due although IRS Direct Pay may not be available."…
The IRS faces a time crunch to implement changes under the new tax law. Nina Olson, the national taxpayer advocate at the IRS, joins Lisa Desjardins to describe how the agency is getting up to speed and the resources available…
Former Equifax CEO Richard Smith will field questions over the Equifax hack from the House Financial Services Committee starting at 9:15 a.m. ET Thursday. Watch live here.
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