The Supreme Court’s decision on Friday to limit the broad regulatory authority of federal agencies could lead to the elimination or weakening of thousands of rules on the environment, health care, worker protection, food and drug safety, telecommunications, the financial sector and more. The decision is a major victory in a decades-long campaign by conservative […]
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Federal income tax refunds usually appear in bank accounts less than three weeks after the government accepts a return — unless you’re the victim of tax return identity theft. In that case, it often takes about two years. That’s right. If a thief files a fraudulent return using your tax information and pilfers your refund, […]
Read MoreThe Detroit Riverfront Conservancy, a nonprofit intended to beautify the city’s once-industrial waterfront, had more than $100 million in assets, and tens of millions more flowing in annually from government and private donors. One man had near total control of the group’s money, according to federal charging documents released Tuesday: its chief financial officer, William […]
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As the saying goes, “Nothing is certain in life but death and taxes.” Apparently, if you’re rich enough, the taxes continue after the death. Michael Jackson’s heirs—his mother Katherine and three children, Paris, Prince and Bigi—are finding that out the hard way. America’s Funniest Home Videos’ Alfonso Ribeiro Plays That’s So Random Off English According […]
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For the past decade, thousands of wealthy Americans have been flocking to Puerto Rico to take advantage of a tax break that can cut their tax bills to zero. For nearly as long, there have been allegations that the benefit enables multimillionaires to avoid paying what they owe when they reap big investment profits. Now, […]
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Former President Donald J. Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower, according to an Internal Revenue Service inquiry uncovered by The New York Times and ProPublica. Losing a yearslong audit battle over the claim could mean a tax bill of more than $100 million. The 92-story, […]
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Filing your tax return serves as an annual reminder of just how tediously complex the American tax code is — and this year is no exception. It’s not as messy as the pandemic years, but there are plenty of new provisions taking effect, and some changes could potentially land midseason. Procrastination may cost you: Interest […]
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It’s the most miserable time of the year: tax season. Americans are about to spend millions of hours and billions of dollars filing their federal income taxes, and they are pretty sure they know who is responsible for their pain: The misanthropes at the Internal Revenue Service. But we’re here to convince you that the […]
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