The release of former President Donald J. Trump’s private tax documents by the House Ways and Means Committee shows heavy losses from his own ventures as he continued to cash in on inherited assets.
Category: Internal Revenue Service
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Trump Tax Returns Released by House Democrats
The publication of former President Donald J. Trump’s private tax documents comes amid questions about why the I.R.S. failed to fully audit him during his presidency.
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Treasury Department Outlines Rules for New Corporate Taxes
The preliminary guidance applies to an alternative minimum tax for large corporations and a tax on stock buybacks, which helped fund President Biden’s climate and health bill.
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I.R.S. Delays Tax Change for Users of Venmo, Cash App and Other Digital Wallets
Users who receive income through digital payments will have another year before having to comply with a new tax rule that had sowed confusion and concern.
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Trump’s Tax Audit Shows Depths of IRS Funding Woes
The agency lacks the resources to go after rich taxpayers. For years, a single revenue agent was responsible for the audits of Donald J. Trump.
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I.R.S. Routinely Audited Obama and Biden, Raising Questions Over Delays for Trump
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.
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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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Would Elon Musk Actually Step Down as Twitter’s C.E.O.?
The Twitter owner has said he will resign as chief executive, but it’s far from certain whether he would actually step down as the boss.
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Release of Trump Tax Returns Could Herald New Era for Taxpayer Privacy
Revealing private documents risks a tit for tat with Republicans set to retake control of the House of Representatives.
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Hardship 401(k) Withdrawals, Explained
Most employers allow you to take funds out of your retirement account, but the withdrawals come with significant downsides. Our columnist discusses other options.
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Kittens? Sex Toys? Pushing the Limits of Flexible Spending Accounts.
The deadline for spending the money in the health accounts is approaching, and people are stretching the definition of eligible expenses.
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Biden to Nominate Former Obama and Bush Official to Lead IRS Overhaul
If confirmed by the Senate, Daniel Werfel will oversee an $80 billion revamp of the tax agency.