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Treasury Ramps Up Racial Equity Review as It Deploys Relief Funds

WASHINGTON — The Treasury Department is moving ahead with a formal racial equity review of the agency and its programs, putting in place an effort to ensure that economic fairness […]




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Whistle-Blower Says Credit Suisse Helped Clients Skip Taxes After Promising to Stop

The Swiss bank also hired Mr. Wray, then a partner at King & Spalding in Washington who had served as the head of the Justice Department’s criminal division and oversaw […]




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Is My Stimulus Payment Taxable? And Other Tax Questions

Ms. Long generally recommends that people getting unemployment benefits choose to have at least 10 percent withheld for taxes to avoid unwelcome surprises.You’ll probably also owe state income taxes on […]




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I.R.S. Pushes Back Start of 2020 Tax Filing Season

“This would be the same experience for taxpayers if the filing season opened in late January,” the agency said. By law, the agency cannot issue refunds to people claiming the […]




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With Higher Taxes Possible, Here’s What to Do Now

Some tax issues will play out later this year. One of them involves individuals who own businesses and pay the self-employment tax. They pay 12.4 percent of their income in […]




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‘It Was a Joke’: Some Small Businesses Got $1 Relief Loans

Unprofitable and Out of LuckSole proprietorships are the most common business structure in America, accounting for around 26 million businesses, according to the latest I.R.S. data. Many are sidelines — […]