Browsing Tag

Taxes

These are some of the top red flags for an IRS audit, tax pros say

Jhon Ray Mar 30, 2023 0

Jeffrey Coolidge | Photodisc | Getty ImagesThis tax season, there have been heightened concerns about IRS audits as the agency begins to deploy its nearly $80 billion in funding.While the IRS plans to hire more workers, including…

Business

U.S. and Japan strike deal on supply of minerals for EV batteries

Adesola Mojo Mar 28, 2023 0

The United States agreed to boost cooperation with Japan on critical mineral supply chains and to expand access to tax breaks as U.S. President Joe Biden aims to counter China’s dominance of the electric vehicle battery sector.…

Democratic Senators Urge The Biden Administration To Go After Ultrawealthy Tax Dodgers

Adrian Jhonsan Mar 22, 2023 0

Ultrawealthy Americans enjoy so many ways to avoid taxes that Gary Cohn, former President Donald Trump’s director of the National Economic Council, once wisecracked, “Only morons pay the estate tax.” On Monday, a group of four Democratic…

World

Joe Biden plans new taxes on the rich to help save Medicare

James Odonell Mar 19, 2023 0

WASHINGTON -- President Joe Biden on Tuesday proposed new taxes on the rich to help fund Medicare, saying the plan would help to extend the insurance program's solvency by 25 years and provide a degree of middle-class stability to millions…