Steve Cohen is contesting an IRS campaign to compel hundreds of money managers including his Point72 Asset Management to pay self-employment taxes.
A year after influx of funds from Inflation Reduction Act customer service at America’s tax collector changed dramatically but frustrations remain.
IRS said on Monday it was ending its policy of unannounced visits to taxpayers by agency revenue officers.
IRS incorrectly sent auto-generated payment-due notices to taxpayers impacted by natural disasters triggering confusion among taxpayers and preparers.
Some of America’s largest tax-prep companies have spent years sharing Americans’ sensitive financial data with tech titans including Meta and Google.
House GOP tax plan would temporarily cut taxes for all income groups.
As recently as President Joe Biden’s latest tax proposal, the idea of taxing unrealized capital gains has gained traction among policymakers.
