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IRS to end another major tax loophole for the wealthy and raise $50 billion in the process
Tulsa World· 5 days agoThe IRS plans to end a major tax loophole for wealthy taxpayers that could raise more than $50 billion in revenue over the next decade, the U.S. Treasury ...
Republicans unveil measure eliminating taxes on tips after Trump proposal
The Hill· 4 days agoThe legislation, titled “Tax Free Tips Act of 2024,” aims to eliminate federal income and employment taxes on service workers’ tips.
IRS seeks to close loophole used by ultra-wealthy
The Week· 4 days agoThe Internal Revenue Service and Treasury Department launched a new initiative Monday aimed at closing a significant tax loophole often used by the super...
IRS warns against scams targeting South Carolina seniors
The Times and Democrat· 5 days agoAs part of continuing efforts to protect the senior community, the Internal Revenue Service today issued a warning about the rising threat of impersonation scams. The < ...
IRS announces ‘major’ new tax rule taking an extra $50 billion from Americans
BizPac Review· 4 days agoNew rules from the United States Treasury aimed to sic the Internal Revenue Service on successful businesses “costing the federal government billions of dollars each year, ...
Governments’ Use of Tax Technology Will Spur Operational Changes
Bloomberg Law· 3 days agoTax administrations such as the IRS and South Korea’s National Tax Service are moving forward in this space. For example ...
Trump supporters promote his tax-free tips plan to service workers, drawing mixed reaction
WPEC CBS12 West Palm Beach· 4 days agoMost service workers often rely on tips to make ends meet. Former President Donald Trump has pledged...
IRS ERC tax-credit backlog soars to 1.4M claims. Payments could take years. - The Business Journals
The Business Journals· 4 days agoThe IRS’s backlog of Employee Retention Credit claims has soared to 1.4 million as it sifts through what it believes to be hundreds of thousands of improper applications.
IRS Crackdown Takes New Aim at Partnerships’ Maneuvers
The Wall Street Journal· 5 days agoThe proposals attack a technique known as basis shifting among related parties, where partnerships...
Grant Cardone believes 'there's only 1 car' in the US that Americans should buy
Moneywise via Yahoo Finance· 3 days agoSection 179 Section 179 of the United States Internal...smarter than that. Here's how you can save...
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