Tax

President Joe Biden’s signature plan to expand the social safety net, address climate change and rewrite tax policies passed the House Friday morning as Speaker Nancy Pelosi united fractious Democrats to send the legislation to the Senate, where its fate remains uncertain.

Dueling proposals would deliver large tax cuts to the wealthy while failing to do much for middle-income households, according to a new analysis from.

The House reconvened for the vote Friday after Republican leader Kevin McCarthy delayed action with a more than eight-hour floor speech.

Too much for the man; just sign here; candid con; and other highlights of recent tax cases.

Just 1,275 families paid $9.3 billion in estate tax in 2020, down from $20 billion from nearly 5,500 families in 2018.

The service seized $3.5 billion worth of cryptocurrencies during fiscal 2021, according to an IRS criminal investigation annual report

A U.K. lawyer who got immunity from prosecution said that his former boss, Robert Brockman, did not commit tax evasion.

A bipartisan group of lawmakers wants to alter who counts as brokers of crypto assets, less than a week after the current designation became law.

The latest version of the spending package, which is still being debated, includes a minimum tax of 15% on a corporation’s book income.

The advisory group’s annual report supports the IRS’s 2022 budget request.