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I.R.S. to Send Out Unclaimed Tax Credit to One Million Taxpayers
Posted inBanking and Financial Institutions Coronavirus Aid, Relief, and Economic Security Act (2020) Income Internal Revenue Service Stimulus (Economic) Tax Credits, Deductions and Exemptions United States

I.R.S. to Send Out Unclaimed Tax Credit to One Million Taxpayers

Some Americans who qualified for a pandemic-era tax credit but did not claim it will get up to $1,400 in their account within the next month.
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Posted by By Sara Ruberg
Musk’s Foundation Gave Away Less Money Than Required in 2023
Posted inInternal Revenue Service Musk Foundation Musk, Elon Philanthropy Tax Credits, Deductions and Exemptions United States Politics and Government

Musk’s Foundation Gave Away Less Money Than Required in 2023

Private foundations must donate 5 percent of their assets every year. Elon Musk’s enormous charity missed that standard for three consecutive years.
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Posted by By David A. Fahrenthold and Theodore Schleifer
Tax Cuts Were Top of Mind at the Tax Foundation’s Annual ‘Prom’
Posted inIncome Tax Politics and Government Small Business Tax Credits, Deductions and Exemptions United States Economy United States Politics and Government

Tax Cuts Were Top of Mind at the Tax Foundation’s Annual ‘Prom’

Republican control of Washington and a tax bill next year have corporate America excited — and on edge.
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Posted by By Andrew Duehren
Billy Long Promised Huge Tax Refunds. Now Trump Wants Him to Lead the I.R.S.
Posted inFederal Budget (US) High Net Worth Individuals Income Tax Long, William H II Rebates and Refunds Tax Credits, Deductions and Exemptions Tax Evasion Trump, Donald J United States Politics and Government

Billy Long Promised Huge Tax Refunds. Now Trump Wants Him to Lead the I.R.S.

Since leaving Congress in 2023, Billy Long has peddled a pandemic-era tax credit that the I.R.S. has warned is a magnet for fraud.
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Posted by By Andrew Duehren

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