Can IRA Transactions Trigger the Wash-Sale Rule?
If you sell stock at a loss, you should be able to use loss to offset gains on your income taxes, right? Right except if you violate wash-sale rule.
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Tax Groups Urge Biden Administration to End Pause on Student Loan Payments
Moratorium on federal student loan payments unfairly burdens taxpayers, contributes to out-of-control gov. spending. - Coalition of conservative orgs.
With Tax Evasion Rising Among the Wealthy, the IRS is Conducting Fewer Audits
The United States fails to collect $1 trillion every year in unpaid taxes, according to Internal Revenue Service (IRS) Commissioner Charles Rettig.
G-Wagons, ‘Guard’ Dogs, Wine Dinners: Shocking Tax Deductions of the Rich
There are loads of luxury loopholes this tax season -- including write-offs for SUVs, fancy meals and more.
It’s Time to Stop Taxing Inflation and Start Indexing Capital Gains
The way to a wealthier and more prosperous American society is to foster a dynamic economy that encourages individuals to invest and save.
In Audits, the IRS is Focusing on Specific Americans Based on Their Salary – See if You Earn More Than the IRS’s Threshold
The IRS audited some of the poorest families at five times the rate of the rest of the population in 2021, according to IRS data.
Closing Tax Havens Will Test West's Resolve
The West's accommodation of dark money has accelerated the trend toward more opaque ownership structures and complex trusts aimed at evading taxes.
