(The Center Square) – Democrats have argued that the tax reforms implemented through the 2017 Tax Cuts and Jobs Act (TCJA) only benefited the rich, and that the Build Back Better Act (BBBA) will help middle-and working-class Americans the most.
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(The Center Square) – The Congressional Budget Office released an official cost estimate for President Joe Biden's "Build Back Better" plan and reported that the plan will increase the deficit, contrary to the administration's previous claims.
(The Center Square) – House Republicans are demanding answers from the IRS on whether millions in taxpayer dollars are being lost to waste and fraud through a new Biden administration payment plan.
(The Center Square) – A group of 21 U.S. House Democrats have urged Speaker Nancy Pelosi, D-Calif., and Chairman of the Ways and Means Committee Richard Neal to remove a provision in the reconciliation bill requiring banks to report transaction amounts to the IRS.
(The Center Square) – House Republicans held a public meeting Tuesday to invite banking leaders to share their feedback on President Joe Biden’s proposed IRS monitoring program.
(The Center Square) – The Biden administration is making changes to its plan to require banks to report to the IRS on all accounts with at least $600, but banks say those changes are not enough.
(The Center Square) – Ohio Attorney General Dave Yost said Friday he has joined 19 other attorneys general in a letter that asks the Biden administration to stop a policy they say would allow the federal government access to nearly every American’s bank account.
(The Center Square) – U.S. House Speaker Nancy Pelosi, D-Calif., doubled down on the inclusion in a spending bill of a Democratic provision that would require banks to report to the IRS transactions for accounts holding over $600.
NEW YORK, Sept. 28, 2021 /PRNewswire/ -- In a landmark verdict on Thursday, September 23, 2021, a Lexington Kentucky federal jury acquitted former National Basketball Association player Randolph Morris on 11 counts of criminal tax violations. Morris was charged with 8 counts of failing to report to the IRS income earned in the China Basketball Association, as well as 3 counts for failure to report this income on his State of Kentucky tax returns. Morris had played for 8 years with the Beijing Ducks, from 2010 through 2017, winning 3 championship titles during that time and once being honored as Championship Finals Most Valuable Player.
NEW YORK, Sept. 13, 2021 /PRNewswire/ -- In 2020, a record number of Americans retired, adding to the 46 million already retired. According to Pew Research Center, the number of Baby Boomers retiring doubled over the previous year.