The absence of the annual estimate on the tax gap could make it more difficult to assess whether more taxes are going unpaid since President Trump took office.
Category: Federal Taxes (US)
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Billions in Taxes Go Unpaid. Under Trump, the I.R.S. Won’t Say How Much.
The New York Times – Business: -
Trump Administration Renews Push to Strip Schools of Tax-Exempt Status
The New York Times – Business:The Treasury Department released rules that would upend how schools qualify for tax-exempt status, a new front in the president’s campaign against higher education.
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Republicans Let Trump Keep Unparalleled Benefit: I.R.S. Immunity
The New York Times – Business:The rebellion against Todd Blanche’s nomination to be attorney general, now seemingly contained, at no point fundamentally questioned President Trump’s new protections from the I.R.S.
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Who’s Getting a Tariff Refund?
The New York Times – Business:Following a Supreme Court ruling that struck down several Trump administration tariffs, importers have begun applying for their share of $166 billion in refunds. As our economic policy reporter Tony Romm explains, consumers are unlikely to see much of that money returned to their own pockets.
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What Michael Dell’s Blockbuster Donation Means for Philanthropy
Michael Dell and his wife, Susan Dell, plan to give away billions of dollars to fund investment accounts for children in the United States.
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I.R.S. Suspends Free Online Offering to File Taxes Directly
The new program, Direct File, helped low- and moderate-income taxpayers file their returns more easily, and had been expanding.
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What to Know About Student Loan Repayment Plan Changes and Your Options
Federal student loans have been upended by litigation and legislation. Here’s what you need to know to repay your loans, avoid tax bombs and more.
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Do Californians Really Pay Trump’s Bills?
The rising tension between President Trump and Gov. Gavin Newsom is reviving questions about who pays into — and who takes from — the federal government.
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The House Passed Trump’s Megabill. Bond Investors Are Worried.
Republicans brought the president’s tax cuts one step closer to reality, but Wall Street remains on edge about the fiscal costs.
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Some Online Scam Victims Can Now Seek Tax Relief on Firmer Ground
The Internal Revenue Service issued a memo last month that said victims of certain impersonation and investment schemes might be eligible for a tax break.
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I.R.S. Audits Are at a Record Low. Trump’s Cuts Could Make Them Even Rarer.
The Biden plan to increase tax revenue through more enforcement is being reversed.