The revelation that the agency had not audited Donald J. Trump during his first two years in office despite a mandatory presidential audit program raised concerns about potential politicization.
Category: Income Tax
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New I.R.S. Rules for Online Sales Sow Fears About Surprise Tax Bills
Users of digital wallets and e-commerce platforms like Venmo, CashApp, Etsy and StubHub must start reporting small transactions.
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State Tax Cut Policies Prop Up Income, Fanning Inflation Worries
Efforts around the country to ease the pain of rising prices have given consumers more money to spend, which could paradoxically further drive up prices.
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IRS Releases Inflation-Adjusted Tax Rates for 2023
Filers whose salaries have not kept pace with inflation could see savings on their federal income tax bills.
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New U.K. Finance Minister Pulls Back Further on Fiscal Plan
Jeremy Hunt, the new chancellor of the Exchequer, announced a sweeping reversal in an effort to steady the markets and reduce the pressure on Prime Minister Liz Truss.