WASHINGTON — The federal tax filing season will run from Jan. 24 to April 18 this year, the Internal Revenue Service said on Monday, warning in its announcement that staffing […]
Internal Revenue Service
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Back to news homeCongress must clarify how the infrastructure bill will impact cryptocurrency
Christopher Morton Contributor Christopher Morton is COO of Cognito. The $1 trillion U.S. infrastructure bill, signed into law by President Joe Biden last week, contains provisions that would tax cryptocurrency […]
How Accounting Giants Craft Favorable Tax Rules From Inside Government
This year, Mr. Harter returned to PwC.“I fully complied with Treasury Department conflicts rules by not meeting with PwC representatives” during a two-year “cooling off” period that restricts government officials […]
Hedge Fund’s Insiders Agree to Pay as Much as $7 Billion to I.R.S.
A yearslong dispute between a pioneering hedge fund and the Internal Revenue Service ended Thursday with an enormous bill for taxes and penalties: as much as $7 billion.James Simons, a […]
Crypto community slams ‘disastrous’ new amendment to Biden’s big infrastructure bill
Biden’s major bipartisan infrastructure plan struck a rare chord of cooperation between Republicans and Democrats, but changes it proposes to cryptocurrency regulation are tripping up the bill. The administration intends […]
Child Tax Credit Payments Have Begun. Should You Opt Out?
“The advance of the credit reduces the total amount of taxes paid,” said Rob Seltzer, an accountant in Los Angeles. “So there could be a problem with an estimated tax […]
How Private Equity Firms Avoid Taxes
There were two weeks left in the Trump administration when the Treasury Department handed down a set of rules governing an obscure corner of the tax code.Overseen by a senior […]
Plan to Revive I.R.S. ‘Wealth Squad’ Puts the Richest on Notice
Right now, the key for filers is to make sure their tax return tells a consistent story, he said. If that story changes — say, when a lawyer becomes an […]
ProPublica Report Has Congress Rethinking How to Tax Superrich
WASHINGTON — A jaw-dropping report by ProPublica detailing how America’s richest men avoided paying taxes has intensified interest in Congress, even among some Republicans, in changing the tax code to […]
Biden Seeks $80 Billion to Beef Up I.R.S. Audits of High-Earners
WASHINGTON — President Biden, in an effort to pay for his ambitious economic agenda, is expected to propose giving the Internal Revenue Service an extra $80 billion and more authority […]