Days after the Internal Revenue Service (IRS) released two new pieces of guidance for taxpayers who engage in transactions involving virtual currency, the IRS announced another compliance measure: a checkbox
A liberal group looking to unseat Sen. Susan Collins, R-Maine, in next year's election is the target of an ethics complaint asking the IRS to investigate its tax-exempt status. The D.C.-based nonprofit
Democratic presidential hopeful Beto O'Rourke says he'd strip churches of tax-exempt status if they don't support same-sex marriage. When the former Texas congressman was asked if religious institutions
Waiting to See What Happens in 2020 May be Unwise No one can predict the 2020 election but if the Democrats sweep seems pretty likely harsh estate tax, and perhaps wealth tax, legislation will follow.
The $7,500 tax credit is going to many buyers who don’t qualify. Federal subsidies for electric vehicles are an income transfer to the affluent, and now comes news that significant numbers don’t qualify.
Senate Democrats plan to force a vote to repeal a recent ruling regarding the controversial $10,000 cap on state and local tax (SALT) deductions, imposed under the Tax Cuts and Jobs Act. Senate Minority
When Ashley Pintos went to the emergency room of St. Joseph Medical Center in Tacoma, Wash., with a sharp pain in her abdomen and no insurance, a representative demanded a $500 deposit before treating
If you are like many wealthy taxpayers, your CPA and/or tax attorney have just finished a grueling, down-to-the-deadline, tax filing for gift tax returns. Many of these gift tax returns were triggered