Person Root Tag

Individual tax return preparation will be revved up going into the last month of tax season.

Finance Committee chair Ron Wyden is developing policies that could remove some tax benefits available to Russian and Belarusian individuals and entities that earn income from the U.S.

U.S. governors from California to New York are proposing tax cuts, rebates and other forms of relief to drivers paying more than $4 a gallon to fill their gasoline tanks amid Russia’s war with Ukraine.

Senators Sheldon Whitehouse and Elizabeth Warren say they’re working on a proposed new tax targeting profits being reaped by oil companies as crude prices spike amid geopolitical tensions.

His proposal includes partially rolling back the 2017 tax cuts by raising rates on upper-income Americans and corporations.

In the State of the Union, the president pitched elements of his stalled “Build Back Better” program as a means to temper the surge in prices that’s costing him support.

A very successful colleague once told me that the alternative to getting what you want was to reduce expectations. Here are some additional alternatives.

President Joe Biden said the U.S. will impose sanctions on Russia that will hamper its ability to do business in foreign currencies as President Vladimir Putin’s decision to invade Ukraine sparked the worst security crisis in Europe since World War II.

The two prosecutors leading the criminal case against former President Trump’s real-estate company resigned unexpectedly.

Two legislators want to open an investigation into personnel moves between the five largest accounting firms and the upper echelons of the Treasury and IRS.

Allen Weisselberg claims charges filed against him in New York are barred by his federal immunity deal in a separate case involving former President Trump’s payments to a porn star.

In order for tax season to be successful, everyone must follow the system.

The former president and two of his adult children must testify in the New York Attorney General’s civil probe of the Trump Organization, a state judge ruled.

The chief policy officer for the U.S. Chamber of Commerce said the group has grown concerned that a global tax deal may “fundamentally disadvantage U.S. companies.”

For the former president and his three eldest children, it’s an unwelcome development that amplifies financial pressures enveloping their company, the Trump Organization.

The Top 100 Firm said a decade of statements for Trump should no longer be relied upon and that it won’t do any new work for the company.

The page aims to provide the latest about the current tax season, and the agency’s efforts to deal with the backlog of millions of previously filed returns.

Learning needs to be continuous, yet a lot of accountants aren’t growing.

The agency is halting automated collection notices, balance due notices and unfiled tax return notices, after coming under pressure from lawmakers and tax professionals to first catch up on its backlog.

The administration is pointing to funds still available to recipients of the credits that have not yet been claimed, as it struggles to extend those tax breaks this year.