Browsing: IRS
Tesla Inc.’s electric vehicles would be shut out from consumer rebates under a proposal by California Gov. Gavin Newsom, pitting…
Elon Musk’s lawsuit could be the least of OpenAI’s problems—shedding its nonprofit status will cost a fortune
A good rule of thumb in life is to never get on the bad side of a litigation-happy centibillionaire with…
Inside a Fortune 500 CEO’s manic plan to escape the U.S. ‘death tax’: ‘It’s not that I’m selfish for myself’
Harvey Schein was once one of the most influential of globe-trotting Fortune 500 CEOs. Darting between New York and Tokyo…
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…