Tax

In 2018, when federal agents raided the Bermuda home of his trust manager, leading ultimately to Robert Brockman’s indictment on charges of evading taxes on $2 billion, prosecutors say he began assembling evidence that his mind was failing. If true, he could be excused from standing trial in the largest such case in U.S. history.

Despite a host of issues, they aim to vote this week on the roughly $2 trillion tax and spending bill.

Donor-advised funds increased their donations to charities last year in response to the COVID-19 pandemic, hitting the biggest levels in over a decade.

The service’s recent move to set new requirements for claiming refunds on research tax credits is provoking an uproar among tax professionals.

Lawmakers representing high-tax areas are pushing to make the SALT deduction on federal income taxes a priority.

Broken Link; pit stopped; c’mon, Man; and other highlights of recent tax cases.

The backlog of unprocessed returns has prompted the TAS to reject requests for assistance where the only issue involves amended returns.

The world’s richest person has disposed of more than 4.5 million shares so far this week.

The service released its annual inflation adjustments Wednesday, including the standard deduction amount for individual and married taxpayers.

A major IRS enforcement boost will likely be omitted from a forthcoming top-line revenue estimate of Democrats’ tax-and-spend package.