Browsing: IRS
U.S. nonprofit hospitals enjoyed a total annual tax benefit of $37.4 billion, according to our study published in JAMA today.…
Treasury says IRS push has recovered $1.3 billion in unpaid taxes from wealthy since late 2023
The US government said Friday that it has recovered $1.3 billion from wealthy taxpayers since late 2023, as part of…
Coca-Cola will pay IRS $6 billion in back taxes while appealing federal court’s decision
Coca-Cola Co. said Friday it will pay $6 billion in back taxes and interest to the Internal Revenue Service while…
Tesla CEO Elon Musk is firmly in former President Donald Trump’s corner politically, but what a potential Trump Administration could…
The IRS is right to scrutinize pandemic-era employee retention credit claims—but legitimate filers can’t afford more delays
Last month, the Internal Revenue Service (IRS) announced an extension of a pause on processing Employee Retention Credit (ERC) claims…
The IRS says it has collected $1 billion in past-due taxes from millionaires in the past year
The Internal Revenue Service has hit a big dollar milestone in its efforts to collect overdue tax payments from millionaires.…
Donald Trump aims to entice CEOs with lucrative tax cuts while Biden wants to win them over by vowing to maintain stability
Former President Donald Trump told an influential group of CEOs that he wants to further cut the corporate tax rate…
IRS to refund taxes extracted from Ohioans who got financial assistance after Norfolk Southern derailment disaster
Most people who received money from Norfolk Southern in the wake of last year’s fiery train derailment in eastern Ohio won’t have…
TurboTax lost 1 million customers just when the IRS introduced its own free tax filing option and its stock is plummeting
Intuit Inc. shares fell the most in more than 18 months after the company reported losing 1 million customers who…
If you took advantage of a “pro tip” from social media as you figured out your taxes this year, you…