Some people refuse to file tax returns or pay all of their income tax due to moral or ethical concerns. The IRS warns that they, like more selfish tax scofflaws, may face penalties.
Big changes would require an act of Congress but lawmakers have not stepped up. And there’s been pushback against new rules the IRS has proposed for these accounts reserved for giving.
The First Amendment, along with a lack of clarity on what counts as an educational mission for charities, can lead authorities to approve applications from extremist groups.
As the US increasingly becomes a cashless society, it’s getting harder to use currency to pay for things – including taxes. One fearless economist gave it a try.
An accounting expert points out that income Americans previously thought was invisible to the IRS will now be tallied up and reported by Venmo and similar apps.
The House GOP is scrutinizing federal investigators for alleged abuses of power. But will they probe abuses that may have been committed by members of their own party?
Federal and state governments are turning to a facial recognition company to ensure that people accessing services are who they say they are. The move promises to cut down on fraud, but at what cost?
Because the rich often have complicated deductions that dabble in the gray areas of tax law, it’s simply easier to audit the straightforward taxes of the working poor.
The administration wants to cut the tax rate on so-called pass-through entities, which is likely to lead to creative tax planning and outright evasion, damaging faith in the system.