Tax

There’s a glimmer of hope for frustrated taxpayers who have been unable to reach the service or have had their tax refunds held up by massive processing backlogs.

The Arizona-based firm teamed up with Terán Rojas & Associates.

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.

The cryptocurrency tax and reporting company announced new tools to calculate estimated taxes on digital assets for tax planning and extension filing.

House Ways and Means Oversight Subcommittee chairman Bill Pascrell, D-New Jersey, is asking the Treasury Department to curb the use of irrevocable grantor trusts by wealthy families to avoid taxes.

An omnibus spending bill released by congressional appropriators would reduce a budget increase for the Internal Revenue Service previously passed by the House by over half.

The Treasury has sought to reassure a group of Republican senators the agreement will have a negligible impact on U.S. tax revenue.

The Empire State wasn’t the only one to come out ahead, with all 50 states receiving more from the federal government than their residents paid in taxes in fiscal year 2020.

Riding a demographic shift that predates the pandemic, Idaho has seen its sales tax collections increase by almost 40%.