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President Biden's top economic advisor pledged Democrats would push to reverse Donald Trump's corporate tax cuts next year.
May 10 -
The U.S. government recorded a higher surplus for the month of April thanks to a rise in tax receipts, while steeper debt-servicing costs impose a major drag.
May 10 -
The extent of how many taxpayers were affected by the breach was unknown until now.
May 10Wolters Kluwer Tax & Accounting North America -
Bodies of evidence; the Ultimate crime; one expensive ghost; and other highlights of recent tax cases.
May 9 -
The Internal Revenue Service and the Treasury Department plan to issue regulations on the interplay between foreign tax credits, dual consolidated losses and OECD rules.
May 9 -
The Internal Revenue Service issued the annual inflation adjustments for health savings accounts in 2025 as prices continue to rise.
May 9 -
Overall, a better experience, but there were still some bumps on the road to April 18.
May 9Wolters Kluwer Tax & Accounting -
An interpreter for the Los Angeles Dodgers star has agreed to plead guilty to criminal charges including filing a false tax return after secretly transferring about $17 million from the player's account to pay off gambling debt.
May 9 -
The cost of extending the 2017 tax cuts for households, small businesses and the estates of wealthy individuals enacted under President Donald Trump has expanded, according to new estimates from Congress's fiscal scorekeeper.
May 8 -
Rescheduling cannabis; the outsourcing question; medical deductions in retirement communities; and other highlights from our favorite tax bloggers.
May 7