04/09/2021
The proposed tax on residents making $1 million a year or more will hit nearly 123,000 New Yorkers across the state.
04/08/2021
To US lawmakers, Ms Yellen has made the case that establishing a global minimum tax would allow the US to remain competitive, despite that increase.
04/08/2021
The proposals would change the gift and estate tax exemption amounts and rates and meaningfully impact trust planning.
04/05/2021
Agency said it has unearthed $21M in unpaid taxes filed
03/29/2021
The researchers say that years of IRS funding cuts, combined with the increased sophistication of tax evasion tactics available to the rich, have made shirking tax obligations easier than ever.
03/23/2021
The MAP program began 2019 with 147 MAP cases. During the year, 75 new cases were opened, and 60 were closed.
03/22/2021
The agency has lost about 15,000 enforcement staff over the past decade as its budgets were cut.
03/18/2021
Other proposed tax changes would affect carried interest and estate tax planning.
03/17/2021
In a statement announcing the bill, they said the new legislation would also crack down on the type of illegal tax evasion revealed by the Panama Papers and Paradise Papers leaks.
03/12/2021
Rahn+Bodmer Enters into Deferred Prosecution Agreement for Criminal Misconduct; Agrees to Pay $22 Million
03/11/2021
A spokesperson for the bank declined to comment. The Justice Department and IRS didn't immediately respond to a request for comment.
03/09/2021
The tax would be imposed on the purchaser and collected by the auctioneer in addition to state and local sales tax.
03/04/2021
Following the 2020 elections, the Democratic Party has secured control of the presidency and both Houses of Congress, albeit with slim majorities.
03/03/2021
The agreement over alleged efforts to evade taxes is the largest False Claims Act recovery in the state’s history
03/01/2021
Fortunately, paying a high tax rate isn’t mandatory for retirees.
02/23/2021
Survey respondents say they anticipate a far more diverse tax risk environment spanning everything from scrutiny of routine business activity, to major, billion-dollar settlements in court.
02/22/2021
The ‘techxodus’ to southern states must not become a race to the bottom
02/22/2021
American citizens are sometimes surprised when they realise that even if they are not living in the United States, they must still file tax returns there. Blue Umbrella tells us what to look out for.
02/16/2021
Larger businesses and those owned by later generations also buck the trend, with greater focus on sustainability
02/15/2021
The dramatic shift is leading some large asset managers, such as Dimensional Fund Advisors, Fidelity and T Rowe Price, to either convert some of their existing mutual funds into ETFs or launch ETF clones of their existing funds.