The Tax Office should prepare a test case to establish the limits of negative gearing. It might be more limited than has been widely assumed.
New York Attorney General Letitia James announced a $250 million lawsuit against former president Donald Trump on Sept. 21, 2022 .
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New York’s lawsuit against Trump could mean he and three of his kids are prevented from operating a business again in the state – but the IRS will determine whether federal tax crimes also took place.
Reporters waiting outside a private meeting between advisers to President Biden and Sens. Joe Manchin and Kyrsten Sinema about the Build Back Better Act on Capitol Hill, Sept. 30, 2021.
AP Photo/Andrew Harnik
A quarter of Americans don’t know how they feel about the Build Back Better Act. Focusing on Americans’ individual stories – and not just political theater – could help fuel civic engagement.
Enforcing punishments on proven tax cheats could provide benefits beyond improving compliance to tax laws. Once offenders pay up, billions lost to offshore scandals could be recouped and the tax burden more fairly shared among taxpayers.
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Research suggests punishing tax cheats can re-establish a sense of justice among the general public, so authorities should use their resources to ensure culpable offenders are held accountable.
Since there’s no romantic relationship, judges are likely to default to ruling that platonic marriages are an attempt to game the system.
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Because any two consenting adults can get married in the US, a platonic marriage could pretty easily be pulled off. Legally speaking, though, it’s a sham.
Taxpayers, including those paying tuition fees with FEE-HELP loans, can claim a deduction for self-education expenses that relate to the work they do. But graduates with a HECS-HELP debt can’t claim.
Eight charities will get the Trump Foundation’s remaining assets.
Dennis Van Tine/MediaPunch/IPX via AP
Under a settlement reached with New York authorities, he must give US$2 million to nonprofits out of his own pocket. And if he wants to start another foundation, Trump must submit to close supervision.
A proposed charitable law could simulate this sea of piggy banks.
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While the Treasury secretary says House Democrats lack a ‘legitimate’ reason for demanding Trump’s tax returns, a former IRS attorney explains that the law says otherwise.
Tax time can be stressful.
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The NRA may fund political candidates but only with cash from U.S. donors. The group could face serious consequences if, as news reports allege, it broke laws and rules.
Missouri Gov. Eric Greitens, before he resigned amid scandals.
AP Photo/Jeff Roberson
The nation’s biggest gun advocacy group operates as a bundle of distinct organizations. It’s a fairly common arrangement, followed also by the likes of Planned Parenthood and the ACLU.
It may opens doors but follows wherever you go.
AP Photo/Benny Snyder
Congress changed the tax system to benefit companies with overseas operations but failed to help Americans actually living abroad, who still face punitive taxation.
New York Gov. Andrew Cuomo vows he will fight to protect his state from fallout from the new tax law.
AP Photo/Hans Pennink
New York, California and other high-tax states are angling to use the charitable deduction and state payroll taxes as workarounds to shield both their residents and their revenue.