Tag: Government taxation and revenue
State tax officials use AI to go after wealthy payers
Photo Of Robot Examining Invoice With Magnifying Glass.Andreypopov | Istock | Getty ImagesEven as the IRS makes headlines for cracking down on the wea [...]
Tax evasion by wealthiest Americans tops $150 billion a year: IRS
The nation's millionaires and billionaires are evading more than $150 billion a year in taxes, adding to growing government deficits and creating a "l [...]
Jeff Bezos’ move to Miami will save him over $600 million in taxes
Jeff Bezos and Lauren Sanchez walk in the Paddock prior to final practice ahead of the F1 Grand Prix of Miami at Miami International Autodrome on May [...]
Billionaires to transfer $5 trillion to their children
In recent months, the world's new billionaires made more of their fortunes from inheritance than from entrepreneurship, according to the UBS Billionai [...]
HHS wants to reclassify marijuana: What it means
A worker sets up Florist Farms cannabis products on the first day of legal recreational marijuana sales at the Housing Works Cannabis Co. in New York, [...]
Mark Wahlberg lobbies to make Las Vegas Hollywood in the desert
One of Las Vegas's more famous residents is aiming to work closer to home.Actor Mark Wahlberg lobbied Nevada state lawmakers Wednesday to pass a bill [...]
LA mansion for sale faces April 1 tax deadline
The owner of this over-the-top, seven-bedroom and 11-bath mansion in Los Angeles is prepared to accept $6 million less than what he paid for it less t [...]
Billionaire Ken Griffin sues IRS over tax disclosure
Ken Griffin, Citadel, at CNBC's Delivering Alpha, Sept. 28, 2022.Scott Mlyn | CNBCHedge-fund billionaire Ken Griffin has sued the IRS and the Treasury [...]
When to submit your tax return in 2023 to avoid missing forms
If you're eager to file your 2022 tax return in January or early February, the IRS has a warning: You'll need to wait for "key documents" before filin [...]
What the pro-business tax agenda is chasing in a changing Congress
Sunrise hits the U.S. Capitol dome on September 30, 2021 in Washington, DC.Chip Somodevilla | Getty Images News | Getty ImagesMain Street could find i [...]
How to prepare for a 1099-K for online payments and reduce your taxes
Charday Penn | E+ | Getty ImagesIf you've accepted payments via apps such as Venmo or PayPal in 2022, you may receive Form 1099-K, which reports incom [...]
Trump Organization subsidiaries convicted in tax fraud case
The entrance to Trump Tower on 5th Avenue is pictured in the Manhattan borough of New York City, May 19, 2021.Shannon Stapleton | ReutersTwo subsidiar [...]
4 key year-end moves to ‘control your tax reporting destiny’
seksan Mongkhonkhamsao | Moment | Getty Images1. Boost your 401(k) contributionsIf you haven't maxed out your workplace 401(k), there may still be tim [...]
The biggest tax changes to know before filing your 2022 return
Tom Werner | DigitalVision | Getty ImagesCertain tax credits have been reduced One possible reason for a smaller tax refund is the child tax credit an [...]
Here’s why your tax refund may be smaller in 2023, the IRS says
If you're expecting a tax refund in 2023, it may be smaller than this year's payment, according to the IRS. Typically, you get a federal refund when y [...]