The billionaire investor paid Jeffrey Epstein $158 million for tax and estate planning services. Lawmakers want to know if the fees should have been taxed as a gift.
Category: Senate Committee on Finance
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I.R.S. Acknowledges Black Americans Face More Audit Scrutiny
The commissioner, Daniel Werfel, said the agency was working to correct unfairness in the enforcement of the tax code.
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Yellen Says U.S. Banking System ‘Remains Sound’ Amid Market Turmoil
The New York Times – Business:The Treasury secretary also reassured Americans that their savings were safe.
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Biden’s I.R.S. Nominee Will Be Grilled About $80 Billion Overhaul
The New York Times – Business:Daniel Werfel is expected to defend the administration’s plan to modernize the agency at his confirmation hearing on Wednesday.