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    • IRS warns of crackdown on tax loopholes

      IRS warns of crackdown on tax loopholes

      Newsweek· 6 days ago

      Treasury Department announced new efforts aiming to cinch tax loopholes utilized by large corporations and the wealthy, according to a statement from the...

    • IRS announces ‘major’ new tax rule taking an extra $50 billion from Americans

      BizPac Review· 5 days ago

      ...partnerships, and large corporations” had been using the tax code to their advantage, the department wrote, “A single business that operates through many different legal entities (‘related parties’) enters into a set of transactions that manipulate partnership tax rules to maximize tax deductions...