Tax

The authors of a new study explaining the specific significance of trusts for building Black wealth used the analogy of a beach filled with starfish.

With tax season in full swing, the Internal Revenue Service is being severely hampered by cutting staff.

Tax cuts could help soften the tariffs' impact on the economy, and allies would ideally like to pass a bill by July — though there are plenty of hurdles.

The total lifetime tax amount in the highest-paying state is $755,493.

UBS France retaliated against its former auditor by sidelining him and refusing to promote him to executive director after he disclosed information to bosses.

The bill would claw back $20.2 billion in spending for the IRS passed as part of President Joe Biden's signature green-energy Inflation Reduction Act.

The American Institute of CPAs is monitoring the situation at the IRS amid reports of heavy layoffs, stressing the need to maintain services during tax season.

Everyone knows tax pros don't make mistakes, but it can't hurt to doublecheck for these mistakes before filing.

Tax pros' worries about the impact of Elon Musk's Department of Government Efficiency on the Internal Revenue Service include increased fraud and filing delays.

Custom-made; alter ego trip; super Genius; and other highlights of recent tax cases.