Dec 21 Mandatory IRS audit of Trump taxes delayed during presidency, House panel says By Josh Boak, Brian Slodysko, Lisa Mascaro, Meg Kinnard, Associated Press A congressional panel says the IRS failed to pursue mandatory audits of Donald Trump on a timely basis during his presidency. Continue reading
Sep 23 UK cuts taxes, boosts spending, accelerating recession worries By Danica Kirka, Jill Lawless, Sylvia Hui, Associated Press The British pound has went on its biggest one-day drop in 2 1/2 years after the U.K.'s new government outlined plans to cut taxes and boost spending. It's sparked concerns that increased public borrowing will worsen the nation's cost-of-living crisis. Continue reading
Sep 04 Some states have laws to tax student loan debt forgiven by Biden’s plan By Steve Karnowski, Collin Binkley, Associated Press President Joe Biden's student loan forgiveness plan could lift crushing debt burdens from millions of borrowers, but the tax man may demand a cut of the relief in some states. Continue reading
Aug 17 Treasury Secretary Janet Yellen tells IRS to develop modernization plan in 6 months By Fatima Hussein, Associated Press Treasury Secretary Janet Yellen has directed the IRS to develop a plan within six months outlining how the tax agency will modernize its technology, customer service and hiring. Continue reading
Aug 13 Sinema received nearly $1 million from Wall Street while killing tax hike on investors By Brian Slodysko, Associated Press Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party’s longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past year from private equity professionals, hedge fund managers and venture capitalists whose taxes would… Continue reading
Jul 30 Democrats’ economic package poised for passage but still faces obstacles By Alan Fram, Associated Press Approval would let President Joe Biden and his party claim a triumph on top priorities as November’s elections approach. Continue reading
May 04 Intuit to pay $141 million for ‘free’ ad campaign By Associated Press New York's attorney general is announcing that the company behind the TurboTax tax-filing program will pay $141 million to customers across the United States who were deceived by misleading promises of free tax-filing services. Continue reading
Apr 21 WATCH: More work but fewer resources reason for tax delays, says IRS Commissioner By News Desk The Internal Revenue Service is responsible for more work but has been given fewer resources to do it, causing delays in response, said IRS Commissioner Charles Rettig before the House Subcommittee on Government Operations on Thursday. Continue reading
Mar 30 The IRS is still working through last year’s backlog. Here’s what to know about your taxes this year By Hannah Grabenstein Tax season this year could get complicated. Here’s what filers need to know as this year’s April 18 filing deadline approaches. Continue reading
Mar 28 Biden budget proposes lower deficits while raising taxes on ultra wealthy By Josh Boak, Associated Press President Joe Biden is releasing a budget blueprint that tries to tell voters what the diverse and at times fractured Democratic Party stands for. Continue reading