Tax

Home boys; going off payroll; building a case; and other highlights of recent tax cases.

The Social Security Administration transmitted the necessary information to the IRS so it can begin sending Economic Impact Payments to nearly 30 million beneficiaries after an ultimatum from Congress.

The government has so far sent about 127 million stimulus payments to individuals and households.

The Senate Budget Committee chairman wants to raise the corporate tax rate to 35 percent.

A conservative think tank is throwing its support behind proposals long associated with progressives like Elizabeth Warren and Bernie Sanders: taxing stock trades and breaking up Wall Street investment banks.

U.S. taxpayers face the risk of delayed tax refunds as the agency struggles to work down a backlog of returns from last year, according to a watchdog report.

Practitioners share which parts of their jobs they’d ditch and which they’d keep.

Many of the temporary tax provisions are expected to be included in President Biden’s next piece of tax legislation later in 2021.

The Internal Revenue Service has changed the calculation for determining the $10,200 exclusion on unemployment benefits in the new pandemic relief package, allowing more taxpayers to qualify, but forcing tax software developers to update their programs.

If you got rich buying Bitcoin a year ago, Elon Musk is inviting you to purchase one of his cars with some of the proceeds. The taxman will be watching if you do.