WASHINGTON — The Internal Revenue Service announced Monday tax relief for individuals and businesses in the Wrangell Cooperative Association of Alaska Tribal Nation that were affected by severe storms, landslides, and mudslides that began on Nov. 20, 2023. These taxpayers now have until July 15, 2024, to file various federal individual and business tax returns […]
A court-appointed monitor found that a $48 million loan Trump has long claimed he took out “never existed.” A finding by the court-appointed special monitor overseeing former U.S. President Donald Trump’s fraud case in New York placed questions about a loan acquisition—and potential tax evasion—back into the spotlight over the weekend, with a tax attorney […]
“If you want better roads, better schools, better healthcare, better public transit… or just a generally better life, then the best way of funding that is by taxing the ultrawealthy, not allowing them to exploit more tax loopholes.” While ultrawealthy Americans are unlikely to face any extra federal taxes any time soon due to the makeup of […]
“It is unacceptable that taxpayers are forced to spend billions of dollars subsidizing the retirement accounts of the wealthiest people in America,” said Sen. Bernie Sanders. A report published Thursday by the nonpartisan Government Accountability Office shows that the median retirement account balance of high-income U.S. households nearly doubled between 2007 and 2019 while those […]
