Laura Davison

Fully 69% of registered voters in seven swing states say they favor higher taxes on billionaires, and on people who make more than $400,000 a year.

President Joe Biden's budget proposal — which calls for sweeping tax increases on corporations and the wealthy — is the opening round of a looming tax fight.

The bill, which would tax unrealized gains, is not part of the tax and climate deal announced earlier this week.

Senator Joe Manchin and Majority Leader Chuck Schumer have struck a deal on a tax, energy and climate bill, breaking a deadlock on the Democrats’ long-sought legislation to enact major parts of President Joe Biden’s agenda.

Well-off professionals in costly areas of the U.S. are set to get a windfall from competing plans to change the deduction limit for state and local taxes.

The service is gearing up for a potentially massive tax-enforcement push if Congress passes a plan including $40 billion to expand audits on the wealthy.

The disclosure of the personal income and tax data of some of the wealthiest Americans has been referred to additional federal investigators.

Signs are mounting that anxiety among congressional Democrats will significantly temper any increases that manage to pass Congress.

The Biden administration is also calling for banks to report on account flows to help boost tax-payment compliance.

The legislation would rival the $2 trillion March 2020 CARES Act in size and scope and follow a $900 billion December relief package.

The proposal includes a wave of new spending, including more direct payments to households and an expansion of jobless benefits.

The president-elect's pledge to repeal President Trump‘s tax cuts as soon as he is inaugurated may be stymied for the foreseeable future.

“Time is quickly running out for these taxpayers," IRS Commissioner Chuck Rettig said in a statement.

Small businesses that manage to get their Paycheck Protection Program loans forgiven may find themselves losing valuable tax breaks, according to new guidance from the Internal Revenue Service.

Some clients can get an extension on paying taxes of up to $1 million and corporations can defer tax payments of up to $10 million.

Two years after the tax law eliminated write-offs for investment costs and advice, lawyers say they have found a loophole hidden in years-old IRS case law.

Clients who own a business may be eligible for a 20% deduction as a result of tax overhaul. For those who don’t qualify, there are other savvy strategies

Changes to the law meant some taxpayers needed to adjust their withholding. Many were confused about how to do so.