Taxes

A Texas man, Lamar “Cory” Thompson, formerly of Chicago, has been sentenced to 30 months in prison for mail fraud...

First, the tax authorities targeted soda, plastics, and hazardous chemicals with excise taxes. Now they’re coming for fast-fashion companies like...

The IRS received a significant increase in operating funds after Congress passed the Inflation Reduction Act (IRA) in mid-2022. More...

The IRS has announced the annual inflation adjustments for the year 2024. That includes not only tax rate schedules, tax...

Since the birth of the U.S. tax system more than a century ago, taxpayers have made purposeful attempts to avoid...

The IRS has announced the annual inflation adjustments for the year 2024, including tax rate schedules, tax tables and cost-of-living...

Cryptocurrency exchange Kraken has notified clients that the company will turn over user information to the IRS. The announcement follows...

Introduction Most compensation earned by taxpayers is subject to employment taxes. When it comes to sole proprietors, independent contractors, and...

Mike Resnick of Eversheds Sutherland discusses the effects on taxpayers of the corporate alternative minimum tax and its recently released...

Introduction Taxpayers, like all people, are risk averse for the most part; they want to avoid financial uncertainty to the...