Taxes April 24, 2025
The president said imposing a higher tax rate on millionaires would spur the country’s richest to leave the U.S., downplaying an idea that is under discussion in some Republican circles as a way to pay for an economic package.
Taxes April 24, 2025
A dozen states filed a federal lawsuit on April 23 challenging the Trump administration’s imposition of sweeping tariffs, arguing the president trampled on Congress’ powers to raise taxes.
Taxes April 23, 2025
Lawrence Summers said that the Trump administration’s moves to downsize the IRS, along with other changes, are likely to incentivize reduced tax-payment compliance.
Taxes April 21, 2025
After the feds froze more than $2 billion in grants to the Cambridge campus and threatened its tax-exempt status, Harvard University has filed a lawsuit against the Trump administration in Massachusetts federal court.
IRS April 19, 2025
Treasury Secretary Scott Bessent appointed his deputy, Michael Faulkender, as the next acting chief of the IRS after reports the current leader of the agency, Gary Shapley, had been installed at the urging of Elon Musk without Bessent’s knowledge.
IRS April 17, 2025
Billy Long, a former GOP lawmaker and President Donald Trump’s nominee for IRS commissioner, disclosed in new federal filings on Tuesday that he paid himself back using campaign donations for a $130,000 loan he made to his failed 2022 Senate campaign.
Taxes April 16, 2025
The Trump administration is reportedly planning to pull the plug on IRS Direct File, the free online service that allows many taxpayers to file their tax returns directly with the agency.
IRS April 15, 2025
Rajiv Uppal, who has served as CIO since January 2024, is leaving the agency, adding to the growing list of IRS leaders who are planning their exits as a result of the Trump administration's plan to reduce the federal workforce.
IRS April 11, 2025
Thousands of newer IRS workers—told to return to their jobs on April 14 after being laid off by the Trump administration in February but reinstated and put on paid administrative leave in March—will remain on leave after two court decisions this week paused plans to bring them back to the office.
Taxes April 11, 2025
President Donald Trump signed legislation to block an IRS rule that would have forced some cryptocurrency brokers to provide tax information on transactions conducted on their platforms.
Taxes April 10, 2025
President Donald Trump said his tariffs may cause “transition problems” but expressed confidence in his plan, after the White House clarified U.S. tariffs on China rose to 145%.
Taxes April 10, 2025
President Donald Trump is pushing for what he has branded as “one big, beautiful bill,” including all major planks of his agenda for tax cuts, mass deportations, and a smaller federal government.