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The IRS wants to end another major tax loophole for the wealthy and raise $50 billion in the process
WPRI Providence· 2 days agoWASHINGTON (AP) — The IRS plans to end a major tax loophole for wealthy taxpayers that could raise...
Closing asset loophole could add billions to tax collections, IRS says - The Boston Globe
The Boston Globe· 2 days agoRobert Kovacev, a lawyer at Miller & Chevalier who represents partnerships being audited by the IRS,...
IRS announces ‘major’ new tax rule taking an extra $50 billion from Americans
BizPac Review· 1 day agoA statement announced that “partnership basis shifting,” a process in which assets are moved around to reduce tax liability, would be brought to an end. Describing how “wealthy ...
Donald Trump calls for ending taxes on tips, drawing mixed reaction from Republicans
NBC News via Yahoo News· 2 days agoSuch a move would have significant impacts on the debt. The Committee for a Responsible...