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They call themselves the Patriotic Millionaires, and they say with straight faces it’s time the ultra-affluent kick in more to Uncle Sam.January 17
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The White House continues to work on a tax-cut plan in hope that Republican lawmakers will be in control of Congress after the 2020 elections, President Donald Trump’s top economic aide Larry Kudlow said.January 15
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For the owner of a multimillion-dollar company, selling by the end of 2020 could result in a much smaller tax bill than striking a deal in 2021 under new rules.January 14
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Consumers in 2019 were more likely to say plans to hike taxes on the wealthy would harm economic growth than they were in prior years, despite it being a key campaign pledge for nearly every Democratic presidential candidate, according to a new University of Michigan survey.January 10
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Many dark money groups that raise funds for political and social causes and don’t pay taxes aren’t notifying the Internal Revenue Service of their intent to operate as tax-exempt organizations under section 501(c)4 of the Tax Code and haven’t been penalized, according to a new report.January 9
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The controversy keeps mounting over a new tax break for investing in poor U.S. communities. But investors keep piling in.January 9
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The Internal Revenue Service debuted a new Gig Economy Tax Center on its IRS.gov website to help taxpayers who work with companies like Uber and Airbnb meet their tax obligations.January 9
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The Avantax Wealth Management parent views HK Financial as another way of working with CPAs and tax professionals branching into the field.January 7
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As tax authorities around the world crack down on corporate tax avoidance strategies, demand for transfer pricing advice is fueling growth in advisory services.January 6
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The world’s second-richest person said he wants his fellow billionaires to pay much higher taxes.January 3
