Tax News

Lawmakers are trying to drum up support to allow a debate on raising the state and local tax deduction cap as bipartisan tax package negotiations leave out those proposals.

Hunter Biden may face trial this summer in the middle of his father's election campaign after pleading not guilty to charges that he failed to pay taxes on millions of dollars in income from foreign businesses.

The service reported on its increased enforcement efforts on Friday, including collecting over half a billion dollars from millionaires who didn't pay their taxes.

Not so amusing; in the rough; interior designs; and other highlights of recent tax cases.

The official start date of tax season for individual taxpayers will be on Jan. 29, but the Internal Revenue Service plans to accept business tax returns as soon as Jan. 16.

The failure of the leaders of the Ivy League universities to condemn antisemitism could affect their tax-exempt status, the chairman of the House Ways and Means Committee said.

Negotiators are nearing a bipartisan deal in time for many voters to receive the benefits during the current election year.

The seven states that impose the least on residents have an individual income tax burden of 0.00%.

Response times for tax professionals are also a problem, according to the National Taxpayer Advocate's Annual Report to Congress.

The Washington, D.C., Attorney General's office accused the tax prep chain of illegally overcharging thousands of residents and misleading consumers.