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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I.R.S. Routinely Audited Obama and Biden, Raising Questions Over Delays for Trump
The New York Times – Business: -
New I.R.S. Rules for Online Sales Sow Fears About Surprise Tax Bills
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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
The New York Times – Business: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.