All other taxpayers can request an extension to file, but 2020 payments still need to be in by May 17, or penalty interest may be charged on the balance due.
Tax Notes reporters examine President Biden’s Made in America Tax Plan and the international tax framework by Senate Finance Committee Chair Ron Wyden, D-Ore., and their international impact.
Making annuity payments wholly financed with HECM reverse mortgages exempt from Federal taxes would enhance the retirement income of millions of retirees whose wealth consists largely or entirely in home equity, with no reduction in tax revenues
President Joe Biden is asking Congress for higher taxes on inherited property. The proposal may impact family homes with more than $1 million in gains.
David Thompson of the National Council of Nonprofits talks about how tax policy affects tax-exempt organizations and tax issues on the nonprofit industry’s radar today.
Legislators on Thursday announced a bipartisan caucus to seek repeal of the SALT cap to help middle-income taxpayers in their districts.
Even though Joe Biden intends to raise America's top marginal income tax rate from 37% to 39.6%, that's a long way from the 1960s when the country's highest earners were taxed at over 90%.
You won’t believe this—a number of Democrats are advocating a big tax cut for the rich!