SACRAMENTO, Calif. — Millions of poor and middle-class Californians would get tax rebates of up to $1,100 under a proposal unveiled Monday by Democratic Gov. Gavin Newsom, as part of a broader pandemic recovery plan made possible by an eye-popping […]
WASHINGTON — In a significant defeat for former President Donald Trump, the Supreme Court on Monday declined to step in to halt the turnover of his tax records to a New York state prosecutor.
The court’s action is the apparent culmination […]
WASHINGTON — The tax-avoidance strategies that President Donald Trump capitalized on to shrink his tax bill to essentially zero are surprisingly common among major real estate developers and other uber-wealthy Americans.
Yet Trump characteristically pushed those strategies to the limit, perhaps […]
President Donald Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report Sunday in The New York Times.
Trump, who has fiercely guarded his […]
Americans are beginning to see the first economic impact payments hit their bank accounts.
The IRS tweeted Saturday that it had begun depositing the funds into taxpayers’ bank accounts and would be working to get them out as fast as possible. […]
WASHINGTON — The federal government expects to begin making payments to millions of Americans under the new stimulus law in mid-April, but some people without direct deposit information may not get checks until mid-August or later, according to a memo […]
LOS ANGELES — Michael Avenatti, the brash former attorney for the porn actress Stormy Daniels, was arrested for allegedly violating bail by committing multiple state and federal crimes while awaiting trial in two states, U.S. prosecutors alleged in a […]
WASHINGTON — A day after considering cutting taxes to promote economic growth, President Donald Trump on Wednesday changed course and said he would abandon the idea because the nation already had “a strong economy.”
Trump’s flip-flop came after recent market […]
WASHINGTON (AP) — A top House Democrat on Friday issued subpoenas for six years of President Donald Trump’s tax returns, giving Treasury Secretary Steven Mnuchin and IRS Commissioner Charles Rettig a deadline of next Friday to deliver them.
Ways and Means […]
Wait, I owe the IRS?
The first tax filing season under the new federal tax law is proving to be surprising, confusing — and occasionally frightening — for some Americans, especially those accustomed to getting money back from the government.
Take Andy […]
WASHINGTON — The Internal Revenue Service is recalling about 46,000 of its employees furloughed by the government shutdown — nearly 60 percent of its workforce — to handle tax returns and pay out refunds. The employees won’t be paid.
With the […]
WASHINGTON – (Reuters) U.S. President Donald Trump engaged in tax schemes that included cases of fraud in which he and his siblings helped their parents dodge taxes, the New York Times reported on Tuesday.
U.S. President Donald Trump talks to reporters […]
WASHINGTON — House Speaker Paul Ryan declined Wednesday to say the evolving Republican tax cut plan won’t add to the nation’s already mammoth budget deficits. A chief goal of the effort will be to spark economic growth, he said […]
WASHINGTON — Churches should have the First Amendment right to endorse political candidates and still keep their tax-free status, say House Republicans, who quietly tucked a provision into a sweeping spending bill that would deny the IRS money to enforce […]
WASHINGTON — President Donald Trump says businesses and individuals will receive a “massive tax cut” under a tax reform package he plans to unveil next week.
In an interview with The Associated Press, Trump says the plan will result in tax […]
WASHINGTON — The IRS is resuming the use of private debt collectors amid a wave of telephone scams in which fake government agents tell innocent taxpayers to pay up or face jail, the tax agency announced Tuesday.
The IRS stopped […]
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