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.
Category: United States Politics and Government
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Treasury Department Outlines Rules for New Corporate Taxes
The New York Times – Business: -
‘Most Pro-Union President’ Runs Into Doubts in Labor Ranks
The New York Times – Business:Many union leaders say the Biden White House has delivered on its promises. But its handling of a freight rail dispute has given rise to detractors.
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How the Spending Bill’s New Retirement Rules Will Affect Roth IRAs and 401(k)s
The New York Times – Business:Want to transfer money from a 529 plan to a Roth I.R.A. or get an after-tax employee match in your Roth 401(k)? You may be in luck.
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Trump’s Tax Audit Shows Depths of IRS Funding Woes
The New York Times – Business: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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Ukraine’s Zelensky Brings His Olive Green Sweatshirt to Congress
The New York Times – Fashion & Style:Volodymyr Zelensky came to Washington wearing his reality on his sleeves.
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I.R.S. Routinely Audited Obama and Biden, Raising Questions Over Delays for Trump
The New York Times – Business: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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Congress Gives Boeing a Reprieve on 737 Max Cockpit Changes
The New York Times – Business:The move will allow two new versions of the jet to be certified without major modifications, but it requires safety changes on all Max models.
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Release of Trump Tax Returns Could Herald New Era for Taxpayer Privacy
The New York Times – Business:Revealing private documents risks a tit for tat with Republicans set to retake control of the House of Representatives.