Person Root Tag

Dangerous procedural traps; justification for change; unexpected tax exposure; and other highlights from our favorite tax bloggers.

Trump said Democratic policies on crime and taxes were leading to an exodus of businesses and taxpayers from New York, as he touted his tax cuts.

Democrats on the Senate Finance Committee called on chairman Mike Crapo to launch a bipartisan probe into the Justice Department's new weaponization fund.

The lawsuit follows the announcement of the nearly $1.8 billion fund as part of an agreement to end Trump's unprecedented $10 billion lawsuit against the IRS.

JPMorgan Chase & Co. Chief Executive Jamie Dimon criticized plans by New York's left-leaning mayor Zohran Mamdani to slap more taxes on the rich, arguing the move risks doing further damage to the city's status as a business hub.

Acting Attorney General Todd Blanche wouldn't rule out the possibility that rioters who attacked police could receive payments from a $1.8 billion taxpayer fund.

The judge who oversaw the president's $10 billion lawsuit against the IRS questioned whether the government was being transparent about a settlement.

The Internal Revenue Service agreed not to continue any legal claims or investigations of the president's past tax returns, adding to a controversial settlement.

The New York City mayor held individual meetings with Chase CEO Jamie Dimon and Goldman Sachs CEO David Solomon, amid flurry of recent tax proposals.

The amount of the fund is set at $1.776 billion, an apparent reference to the year 1776 and the creation of the U.S.

California Governor Gavin Newsom is proposing a new tax on cloud-based software sales, turning to the technology sector for billions of dollars in new revenue.

A federal gasoline tax holiday as proposed by President Trump would result in billions of dollars in lost tax revenue each month, budget analysts say.

President Donald Trump voiced support for a gasoline tax holiday to counter rising prices at the pump, as the cost of oil soars while the war with Iran drags on.

One of the nation's largest solar installers filed for bankruptcy last month, citing the phaseout of federal tax credits and Trump's executive orders.

A divided three-judge panel granted a request by a group of small businesses and two dozen mostly Democrat-led states to invalidate the tariffs.

With about 41 million American workers lacking access to a retirement plan through their jobs, experts say advisors could play a pivotal role.

Trump took his economic pitch to The Villages in Florida where he promoted a deduction for seniors that helps reduce their tax burden.

Nonprofit organizations are worried the IRS and the Treasury Department will take away their tax-exempt status and even sue or prosecute them.

A judge questioned whether the president's lawsuit against the IRS and Treasury can proceed with Trump effectively in control of both sides of the litigation.

President Trump assailed New York Mayor Zohran Mamdani, warning that his push to ramp up taxes on the wealthy would be destructive to the nation's largest city.