Advocate says the IRS should suspend all automated collection notices until it gets current in processing original and amended tax returns and taxpayer correspondence.
Strong economic growth and job creation has led some to say we're in "the Biden Boom." Although inflation remains worrisome, the American economy is very strong.
If Putin stays his course, Russia will, at one extreme, become Iran economically speaking. Or it may find that its only major trading partner is China, turning Mother Russia into China's baby. Putin still has a way out. He can cease fire and negotiate for something both side can agree.
Robert Goulder of Tax Notes and Jasper L. Cummings, Jr., an attorney based in Raleigh, North Carolina, discuss the importance of tax secrecy and whether it’s truly needed.
Professor Adam Crepelle of the George Mason University Antonin Scalia Law School discusses the complicated tax relationship between U.S. states and Native American tribes.
As St. Louis treasurer Adam Layne prepares his city for long-term inflation, Biden prepares a State of the Union address focused on energizing his base. This happens as price increases show up in the real estate market and Black attitudes and opinions.
As they head into President Joe Biden’s State of the Union address this week, Democrats must pivot towards aggressively tackling inflation head-on to salvage their agenda and restore confidence in the economic recovery they helped stimulate.
Joseph J. Thorndike looks at the argument for more broad-based income taxation through comments made by Republican Sen. Rick Scott of Florida, which echo those made by Mitt Romney and other politicians in the postwar era.
Today's Social Security column addresses questions about how retirement benefits accrue both cost of living adjustments and delayed retirement credits, the ability to suspend a retirement benefit and potential effects of having no income before filing.
The Tax Policy Center estimates that achieving Scott’s goal could increase federal income taxes by more than $100 billion in 2022 alone. More than 80 percent of the tax increase would be paid by households making about $54,000 or less.