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Two Senate committee chiefs are looking at ways to raise taxes on companies paying workers less than $15 an hour, as part of a new strategy to include President Joe Biden’s push to boost the minimum wage to that level in his COVID-19 aid bill.
February 26 -
Senate Majority Leader Chuck Schumer is weighing adding a provision to the $1.9 trillion COVID-19 relief plan that would put a penalty tax on big companies that don’t pay workers at least $15 an hour, a Democratic aide said on condition of anonymity.
February 26 -
Delaying filing; inbox anxiety; a new voice; and other highlights from our favorite tax bloggers.
February 23
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Donald Trump, who managed to keep his tax returns a secret the entire time he was in the White House, is about to see them fall into the hands of a New York prosecutor looking into possible criminal charges against him.
February 23 -
Two leaders of Congress’s main tax committee are questioning why the Internal Revenue Service keeps sending notices to taxpayers about missing returns when it’s still catching up on unprocessed mail.
February 22 -
The U.S. Supreme Court put a New York grand jury on the brink of getting eight years of Donald Trump’s tax returns and other financial records, ending months of delay by rejecting his bid to keep the information private.
February 22 -
A firm found itself shorthanded during tax season when two of its most experienced tax return reviewers left. What should they do?
February 22
Withum -
Progressives are eyeing tax measures including an increase in the capital-gains levy.
February 22 -
Leaders of the tax-writing House Ways and Means Committee are sounding the alarm over the slow start to tax season, reflected in the initial week of data from the IRS.
February 19 -
Democrats on the House Ways and Means Committee are urging the Internal Revenue Service to extend tax season beyond April 15 to give taxpayers another three months until July 15.
February 18 -
The agency’s commissioner is upbeat, but tax preparers and financial planners worry that this year could be especially chaotic due to the COVID pandemic.
February 18 -
The Biden administration is likely to dramatically change its approach to tax policy, with the first step in the stimulus package it began pushing through Congress this month.
February 16 -
Don’t make tax season the deciding factor in the important things in your life.
February 15
Withum -
The House Ways and Means Committee advanced legislation that would infuse households with hundreds of billions of dollars of cash through direct payments and tax credits, a key plank of President Joe Biden’s COVID-19 relief package.
February 12 -
House Democrats are proposing to limit the next round of COVID-19 relief payments to households earning less than $200,000, after criticism that President Joe Biden’s $1.9 trillion stimulus package would benefit the rich.
February 9 -
Managing a practice is a separate business by itself and needs the care and attention you give to the professional services part of your practice.
February 8 -
The Senate voted 51-50, after Vice President Kamala Harris broke her first tie, to adopt a budget blueprint for President Joe Biden’s $1.9 trillion virus relief package — following nearly 15 hours of wading through amendments from both parties.
February 5 -
Senator Mitt Romney is offering a child tax credit expansion plan similar to a proposal President Joe Biden is pushing to include in the next stimulus bill, offering a glimpse of areas on which Republicans and Democrats could find compromise in a bipartisan package.
February 4 -
Democrats’ go-it-alone stimulus plan faces night of GOP sniping
February 4 -
The Treasury Department says it needs more time to decide whether to fight House Democrats in their effort to get former President Donald Trump’s personal and business tax returns.
February 4



















