Tax

Amazon.com Inc. walked away from billions of dollars of public subsidies when it announced Thursday it was abandoning plans for an office complex in New York. But it can still qualify for federal tax breaks intended to help distressed communities by building a new Virginia data center in America’s wealthiest county.

Invest until it hurts; learning the tab at sentencing; foreclosure fraud; and other highlights of recent tax cases.

Treasury Secretary Steven Mnuchin faces an uphill battle convincing Americans that smaller tax refunds don’t mean they paid more taxes.

Art dealer Mary Boone, the darling of New York’s throbbing downtown scene in the 1980s, made a splash last year when she pleaded guilty to a years-long tax evasion scheme. Then, instead of a prison term, she asked a judge to sentence her to running her galleries.

The Tax Cuts and Jobs Act bars syndicates from using simpler methods of preparing their taxes.

Some EA registrations were due to expire at the end of March, but the partial government shutdown delayed processing.

Florida’s Chief Financial Officer was quick to jump on Twitter Thursday, after Amazon.com Inc. scrapped its plan for a headquarters in New York City, reminding the company about the state’s tax policies and good weather.

The Treasury Department is defending the declining numbers of tax refunds, saying taxpayers already saw the benefits of the new tax law in their paychecks.

Reports of lower refunds are sparking calls for help from some in Congress -- and pushback from others.

The Treasury and the IRS have offered a method to keep up with changes made by the Tax Cuts and Jobs Act.