Taxes
Latest Taxes News
Al Capone Found Guilty Of Tax Evasion On This Day In 1931
On this day in 1931, Al Capone was found guilty of tax evasion. The gangster, who had reportedly boasted, “They…
IRS Announces Direct File Program Will Be Available In Twice As Many States In 2025
The U.S. Department of the Treasury and the IRS have announced that the number of states offering Direct File will…
IRS Introduces Process For Third-Party Payers To Withdraw Bad Employee Retention Credit Claims
The IRS is not backing down on efforts to stem the tide of what it believes to be erroneous or…
As The Corporate Transparency Act Deadline Creeps Closer, FinCEN Updates Guidance
The Corporate Transparency Act—or CTA—requires reporting companies to file reports with the Financial Crimes Enforcement Network (FinCEN). The deadline for…
E.U. Top Court Rules That Apple Must Pay Billions In Back Taxes
The European Union's top court has issued a final ruling in an ongoing legal battle over tax benefits, finding that…
Kamala Harris’ 28% Capital Gains Tax Plan Is A Surprise. Here’s Why
Vice President Kamala Harris has proposed a 28% tax on long-term capital gains for Americans who earn $1 million or…
Projected Brackets, Standard Deductions And More
The U.S. Bureau of Labor Statistics reported that the consumer price index (CPI) increased by 0.2% on a seasonally adjusted…
Guide to Capital Gains Taxes on Commercial Properties
Capital gains tax on commercial property can vary depending on factors like the length of ownership and the taxpayer’s income…
Kamala Harris Supports Tax on Unrealized Capital Gains: What It Means for Wealthy Households
The Kamala Harris campaign has made one of its first concrete policy proposals this week with a tax plan. The…
Michigan Supreme Court Rules In Favor Of Homeowners In Years-Old Foreclosure Fight
In 2014, then-83-year-old Uri Rafaeli, a retired engineer in Michigan, underpaid his property taxes by $8.41. That was all it…
