taxes
26 stories related to this topic, newest first.
forbes.comForbes Publishes Guide on Post-Death Tax and Estate Tasks
Forbes released a practical guide on May 23, 2026, covering state estate and inheritance taxes, inherited retirement accounts, and handling personal property and records after a death. The article draws on the author's experience and outlines steps to reduce administrative burden…
Washington ExaminerNYC Mayor Meets JPMorgan Chase CEO
New York City Mayor Zohran Mamdani met with JPMorgan Chase CEO Jamie Dimon on Monday. Columnist Joe Concha said the mayor's tax policies are prompting some businesses to consider relocating outside the city.
forbes.comTax Rules Address Estate Filings, Foreign Gifts, and Car Loan Interest
A newsletter outlines filing requirements after death, penalties for unreported foreign gifts, and limits on a new car loan interest deduction. The U.S. Tax Court is described as a venue for resolving IRS disputes before payment.
cnet.comFinal Tax Return Required After Death for Income and Retirement Accounts
Executors must file a final Form 1040 if the decedent would have owed taxes. Additional returns and IRS obligations can continue after death.
forbes.comForbes Publishes Guide on Post-Death Tax and Administrative Tasks
Forbes senior writer Kelly Phillips Erb released a practical guide on May 23, 2026, covering state estate and inheritance taxes, inherited retirement accounts, and handling personal records after a death. The article draws from the author's experience following her father's death…
thesouthafrican.comGuide Details How Long to Keep Tax Records and Financial Documents
The article outlines IRS rules for retaining tax returns, supporting documents, and records related to inherited property. It covers statute of limitations periods and special considerations after a death.
dailycaller.comBill Introduced to Eliminate Taxes on Certain Firearms
A bill was introduced to remove taxes on machine guns and destructive devices under the National Firearms Act. The measure could be included in a future reconciliation bill.
New York PostJPMorgan Chase CEO comments on New York City mayor's tax proposals
JPMorgan Chase CEO Jamie Dimon said he will judge the mayor by results rather than statements. He also expressed support for changes to the U.S. tax system that would reduce taxes for lower earners.
nbcnews.comTrump Surgeon General Pick Reports Farm Income on New Jersey Tax Return
President Trump's nominee for surgeon general lists income from a New Jersey farm on state tax filings while working as a radiologist. The filing uses a state tax provision available to qualifying agricultural operations.
thoughtcatalog.comNew York City Mayor Responds to Jeff Bezos Tax Comments
Mayor Zohran Kwame Mamdani posted a reply to a video clip of Jeff Bezos discussing federal taxes. The exchange centers on whether higher taxes on wealthy individuals would affect public services in New York City.
pbs.orgU.S. Government Drops Tax Claims Against President Trump in IRS Settlement
The U.S. government agreed to drop tax claims and audits against President Trump as part of a settlement in his lawsuit against the IRS. Acting Attorney General Todd Blanche signed an order expanding the agreement and establishing a nearly $1.8 billion fund.
reason.comFederal Gas Tax Holiday Would Save Average Driver Less Than $9 Per Month
President Trump has proposed suspending the federal gasoline excise tax for three months. An analysis by the Peter G. Peterson Foundation estimates the average driver would save less than $9 per month under the plan.
msnbc.comCongressional Proposal Seeks $100 Billion for IRS Enforcement
A congressional proposal would allocate $100 billion to the IRS for enforcement activities. The measure targets taxpayers with net worth above $50 million and would tax unrealized gains on assets.
manilatimes.netPhilippine Revenue Agency Clarifies Rules for Cash Donation Taxes
The Bureau of Internal Revenue issued a circular detailing filing procedures and documentation for donor's tax on cash donations. The guidance also addresses deductibility and electronic registration requirements.
rte.ieTaxes Can Reduce Retirement Savings Growth
Taxes on withdrawals and required distributions can lower the amount retirees keep from their accounts. Planning steps can help limit the impact of those taxes.
Real Estate Professional Status Allows Rental Losses to Offset Active Income
Some high-income taxpayers use real estate professional status to treat rental losses as non-passive. The designation requires meeting IRS time thresholds and documentation standards.
Usa TodayIRS Sets Deadline for Businesses Seeking COVID Employee Retention Credit Refunds
Businesses have a two-year window to challenge IRS rejections of employee retention credit claims. The IRS offers a streamlined extension process for some rejected claims.
abcnews.go.comMillions of Americans Eligible for Billions in Covid-Era Tax Refunds
The IRS has set a July 10 deadline for taxpayers to file claims for refunds of interest and penalties accrued during the Covid-19 pandemic. Millions of Americans could be owed a total of billions of dollars. Filing a claim by the deadline is required to receive any owed amounts.
nbcnews.comLouisiana Woman Sentenced to 33 Months for Wire Fraud and Employment Tax Violations
Juanita Faye Holtschneider, 58, of Fort Polk, Louisiana, received a 33-month prison term, three years of supervised release, and a $322,098.70 restitution order on May 13, 2026. The sentence triggers mandatory federal collections processes and closes a case that withheld employme…
nypost.comIRS Inspector General Finds 9% of Federal Workers Delinquent on Taxes in 2024
The IRS inspector general released a report on May 11, 2026, showing 215000 federal employees owed $2.1 billion while current and former workers totaled 571000 delinquents owing $6.3 billion, a 43 percent increase in three years. The U.S. Postal Service recorded the highest rate…
Fox NewsCitadel to Expand Miami Office Instead of Manhattan
Ken Griffin on Tuesday criticized a video by New York City Mayor Zohran Mamdani filmed outside his Central Park South penthouse. He said Citadel would double down on growth in Miami instead of Manhattan amid a proposed pied-à-terre tax.
Santa Clarita Tax Preparer Admits Filing False Returns for Refunds
A tax preparer in Santa Clarita Valley pleaded guilty to including false information on federal income tax returns and COVID-19 relief loan applications. The actions led to large tax losses for the U.S. Treasury and unauthorized use of relief funds.
ibtimes.co.ukKissimmee Man Sentenced to 37 Months for False Tax Returns
Gilmar Pereira Da Silva, Jr. received a 37-month federal prison sentence for filing false tax returns for 2019 and 2020. The ruling requires him to pay $103,646 in restitution to the U.S. Treasury, underscoring penalties for underreporting income through fabricated deductions.
tvinsider.comHayley Mills Says She Lost Disney Earnings to High Taxes in Podcast Interview
Actress Hayley Mills stated on a podcast that she lost most of her earnings from Disney films to taxes due to a trust fund setup. She described the events surrounding her 21st birthday when she received a tax bill instead of her funds. The discussion occurred during an appearance…
(Official White House Photo by Shealah Craighead) / Wikimedia (Public domain)Trump Speaks on Tax Reforms and Senior Policies in Florida
President Trump spoke to seniors at The Villages in Florida, emphasizing his administration's tax cuts and benefits for older Americans. He highlighted policies like no taxes on Social Security and reduced prescription drug costs. The speech included crowd interaction and critici…
Substrate placeholder — needs reviewCommon Tax Misconceptions for Young Taxpayers Ahead of April 15 Deadline
Young taxpayers face various online resources for filing taxes as the April 15 deadline approaches. Experts highlight misinformation on deductions for creators, AI use, filing requirements, and new tax rules. Accurate filing can help secure refunds and credits available under cur…