Tax News

U.K.’s Labour Party Pledges Broad Tax Increases to Pay for New Benefits

The party’s election manifesto, its most left-wing in three decades, would be financed with higher taxes on corporations and on people making over $...
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Another Terrible Thing About Taxes

They may be making your favorite sports team lose a lot....
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Trump Lawyers Say He Had No Russian Income or Debt, With Some Exceptions

In a letter to the president, his lawyers say there was no debt owed to Russians, and two major payments from Russian sources over the last 10 years....
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Trump’s Proposed Tax Cut Could Open a Path to Widespread Avoidance

An across-the-board business tax of 15 percent would give individuals an incentive to characterize themselves as independent contractors, greatly lowe...
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TRUMP Act would put Trump's NYS tax returns online

New York legislation would reveal Trump's state tax returns....
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Trump Folks: Tell the Truth About Your Tax Plan

Senior administration officials erroneously claim that they are proposing a middle-class tax cut that will be paid for by economic growth....
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Under the Trump Tax Plan, We Might All Want to Become Corporations

Millions of Americans would have the chance to cut their taxes by essentially turning themselves into small business entities....
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Trump Tax Plan Would Shift Trillions From U.S. Coffers to the Richest

The vast majority of benefits would go to the highest earners and largest holders of wealth, analysts said, setting up a battle over the government’...
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State and Local Tax Deduction: An Item Blurring Party Lines

White House and congressional proposals would eliminate the provision, challenging tradition and bipartisan defenders in wealthy and populous states....
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How Trump’s Tax Plan Affects Businesses, Him and Us

Readers decry the latest version of “voodoo economics” and wonder how the president will benefit personally....
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A.M.T., With Few Defenders, Is Newly Targeted in Trump Tax Plan

The alternative minimum tax was enacted to make sure high-income earners didn’t avoid a fair share of tax, but many say its effectiveness has eroded...
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Today is tax day. Here's what you need to know

Tax returns are due today -- April 18, 2017 -- as is any remaining money you owe to Uncle Sam for 2016....
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5 last-minute tax tips you need to know now

As you come down to the wire, make sure you follow these simple rules....
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Your taxes are not due on April 15. Here's why

You have until Tuesday, April 18 to file your federal taxes this year. That's because April 15 falls on a weekend, and Monday, April 17 happens to be ...
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What worries small businesses about tax reform

A new survey shows the No. 1 concern of small businesses about tax reform is that lawmakers will reduce their tax breaks without actually lowering the...
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Tax reform decoded: What you need to know

Discussions about overhauling the tax code will be peppered with tax and legislative jargon. Here are some key terms decoded....
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Indian police arrest alleged ringleader of IRS scam

Indian police have arrested Sagar Thakkar, who they say was at the heart of a bogus IRS call center scam....
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4 things the IRS doesn't want you to know

Read full story for latest details....
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7 tax misunderstandings that could cost you

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IRS will use private debt collectors, but warns of potential scams

The IRS will start farming out longtime unpaid tax debts to authorized private debt collection firms. Here's how to avoid being scammed by con artists...
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