If the federal debt ceiling isn’t raised by Nov. 5, Uncle Sam won’t be able to pay his bills. The deadline was adjusted in part because of reduced tax receipts.
Oregon now allows recreational marijuana sales, but is postponing tax collection until next year.
Donald Trump releases “new” tax plan: a bunch of previously proposed tax changes.
Volkswagen’s manipulation of its diesel autos’ emissions readings cost the company its reputation and the U.S. Treasury millions in improper tax credits.
IRS efforts, such as added return-processing filters, are making progress in stopping tax refund fraud by identity thieves.
Casinos are losing money and states are losing tax revenue as younger people turn to other entertainment options such as fantasy sports.
Chicago’s effort to collect a 9% tax on streamed entertainment is facing a court challenge.
Even federal workers have tax trouble sometimes. Current employees and retirees collecting pay and benefits from Uncle Sam owe $3.5 billion in delinquent taxes.
Starting in 2016, if you have to pay the IRS $100 million or more, you’ll have to send Uncle Sam the huge amount in 2 checks, not 1 big payment.
Rep. Jason Chaffetz chairs the House committee that looks at how well government, including the IRS, does or doesn’t run. Now he’s also a tax identity theft victim.