How would you calculate penalties and interest on tax arrears of $29 billion dating back as far as 2004? That's one of the many questions facing the U.S. government as it endeavors to extract a record sum from Microsoft in the largest audit the IRS has ever attempted. Read More.
It is a basic truth that no one wants to be put out of a job because they are no longer needed. This is particularly true of “smart” people who work for the various organizations in D.C. that exist to analyze and propose “learned” solutions to problems they believe exist in our society. Read More.
For six weeks, thousands have been on the picket line as negotiations continue. As the strike reaches new levels, it'll impact workers 2023 tax year. Read More.
The Tax Cuts and Jobs Act of 2017 changed a lot of rules, but one thing remains the same: It is exceedingly difficult to evade the long arm of the taxman. Read More.
Some recent developments should spur action by Congress to reform US tax laws that address international taxation. Congress did this in 2017 but in an ill-conceived way, and it should be revamped. Read More.
The U.S. government on Friday posted a $1.695 trillion budget deficit in fiscal 2023, a 23% jump from the prior year as revenues fell and outlays for Social Security, Medicare and record-high interest costs on the federal debt rose. Read More.
The surging yields of U.S. government debt, which sent the 10-year Treasury rate near 5%, has posted a challenging environment for stock market investors. Read More.