Yesterday, the US Court of Appeals for the Sixth Circuit ruled that property owners challenging the seizure of home equity when their property is foreclosed due to tax delinquency are allowed to file their takings claims in federal court. Thanks to...
Jake Johnson, staff writerRejecting top Democrats push for a major tax break for rich households, Sen. Bernie Sanders said, "You can't be on the side of the wealthy and the powerful if you're gonna really fight for working families."
Jake Johnson, staff writer"By inflating executive compensation while their workers struggled during a pandemic, corporate boards have strengthened the case for tax penalties on huge CEO-worker pay gaps."
Ethen Kim Lieser
Stimulus Payments,
The Internal Revenue Service recently announced that tax refunds on 2020 unemployment benefits are expected to start landing in eligible U.S. bank accounts this month.
Here's What You Need to Remember: Take...
Related topics: Unemployment, Banking
Peter Suciu
Tax Refund Problems,
U.S. law provides most taxpayers with a three-year window of opportunity to claim a tax refund.
Here's What You Need to Remember: By failing to file a tax return, the IRS warns that people stand to lose more than...
Related topics: IRS
Senate Minority Leader Mitch McConnell (R-KY) and House Minority Leader Kevin McCarthy (R-CA) address reporters outside the White House.
Drew Angerer/Getty Images
Mitch McConnell's message was clear on Wednesday: Don't mess with the Trump...
Related topics: Joe Biden, Senate, White House
Rallies in Colombia against an increase in gas prices and utility bills as part of state-proposed tax reforms have been underway since 28 April.
Related topics: World Videos, Protests, Colombia, Bogota
Thanks to the beneficence of the Internal Revenue Service -- and the fallout from COVID-19 -- we half of Americans who pay federal income taxes have been given until May 17 to file.
Since I began earning enough to file Form 1040 and associated...
While fuel taxes have largely worked well for decades as a means for funding roads and highways, they now suffer from a number of problems. The increasing fuel economy of today’s vehicles makes fuel taxes less effective over time, as does the...
Senate Minority Leader Mitch McConnell (R-KY) and House Minority Leader Kevin McCarthy (R-CA) address reporters outside the White House.
Drew Angerer/Getty Images
Mitch McConnell's message was clear on Wednesday: Don't mess with the Trump...
Related topics: Joe Biden, Senate, White House
As India's economy reels under the second wave of coronavirus, the government is increasingly relying on tax receipts from fuel to balance the books.
Related topics: India
On 22 April, US Tax Court Judge David Gustafson ordered the Internal Revenue Service (IRS) to reveal whether it criminally investigated the Clinton Foundation, according to a recently declassified ruling cited by Just the News.
Related topics: IRS
By Alex Brill
The Senate Finance Committee held an important subcommittee hearing this week, “Closing the Tax Gap: Lost Revenue from Noncompliance and the Role of Offshore Tax Evasion.” The “tax gap,” which is the difference between the...
Peter Suciu
Taxes, Americas
A full-time employee who doesn't do any work on the side wouldn’t likely see a 1099 form. Instead, they receive a W-2 form, which is typically sent by an employer to report all wage and salary information for...
A legislator in New York is introducing a law that would tax companies for the revenue they earn on consumer data, part of a wave of similar legislation.
States are broaching a new way to incentivize companies to keep data private—a sales...
Related topics: Facebook, Social Media, Google, Google (GOOG)
A group of Senate Democrats on Wednesday introduced legislation to end the "carried interest" tax break that benefits investment managers, after President Biden also called for scrapping the tax preference as part of his human infrastructure plan....
Related topics: Joe Biden
Many politicians in high-tax states want it, but that isn’t a good reason to bring back the unlimited state and local tax deduction.
washingtonexaminer.com/blogs/beltway-confidential
Eli Fuhrman
Tax Refund, Stimulus Payments,
The IRS is facing a major backlog of unprocessed tax returns as it struggles to manage a number of demanding tasks.
Here's What You Need to Remember: Contributing to IRS delays is the agency’s role in...
Related topics: IRS
Peter Suciu
Taxes, Americas
For those who know they owe money, a better solution is to file and set up a payment plan, make an “offer in compromise” or even request a temporary collection delay.
Sometimes you just can't meet deadlines,...
Most people don’t want to be tracked by apps or websites for privacy reasons, but there are those who actively want their location to be constantly tracked for tax reasons – and there are apps to meet that need …
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