House Republicans fulfilled a key campaign promise on Monday, passing legislation to rescind the bulk of an IRS funding boost signed into law last year. This marks the first bill passed by the GOP-controlled House this Congress. The bill, which … [Read more...]
Reed Voices Disapproval as Ways and Means Democrats Continue to Seek Trump Tax Records
WASHINGTON - House Ways and Means Chairman Richard Neal (D-Massachusetts) is not backing down on his request for six years of the President Donald Trump's personal and business tax returns. In a letter sent to the Internal Revenue Service … [Read more...]
IRS Issues New Regulations to Halt NY State Workaround of Federal Cap on SALT Deductions
ALBANY - The Internal Revenue Service says the workarounds New York, New Jersey and Connecticut approved following the new federal cap on deductions for state and local taxes (SALT) aren't acceptable to the federal government. Taxpayers who … [Read more...]
