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Date for filing income tax returns extended to March 15, 2022

For fiscal 2019-20 i.e. AY 2020-21, limit was ₹5 crore for businesses and ₹50 lakh for profess…

PTI   


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1 min read

The city in every state where you're most likely to be audited by the IRS

To gather a list of the most audited city in every US state, 24/7 Wall St. analyzed data from tax a…

Erin McDowell,Erin McDowell   


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1 min read

The IRS failed to audit Trump during his first two years in office, despite internal policy that mandates a review of presidential finances

The House Ways and Means report released Tuesday revealed the Internal Revenue Service only began a…

Katherine Tangalakis-Lippert   


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3 mins read

The IRS could recover $12 for every $1 spent on scrutinizing the ultra-wealthy's taxes

America's highest earners are pretty adept at not paying the taxes they owe. Scrutinizing them coul…

Juliana Kaplan   


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Giuliani blew up Trump's usual excuse for withholding his tax returns, saying they have in fact been audited

Rudy Giuliani said that President Trump's tax returns are almost completely audited, nullifying the…

Mia Jankowicz   


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Trump denies New York Times report detailing his tax returns and financial problems: 'It's totally fake news'

The Times reported that Trump paid only $750 in federal income tax in 2016 and 2017, but shelled ou…

Rhea Mahbubani   


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1 min read

Elizabeth Warren says the ultra-rich should be audited every 3 years

Sen. Warren made the case for more IRS auditors as part of her pitch for a 2-3% annual tax on the w…

Charles Davis   


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3 mins read

One chart shows how IRS audits have collapsed over the past decade, as wealthy Americans increasingly hide billions from the taxman

The IRS shed over 30,000 full-time positions as Republicans cut its budget by a fifth over the last…

Eliza Relman,Andy Kiersz,Jose…   


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Trump reportedly wanted to fast-track his IRS chief counsel's nomination and prioritized it over his attorney general

"Weaponizing our nation's tax code by targeting political foes sets a dangerous precedent and weake…

David Choi   


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2 mins read

TurboTax and other tax-prep companies made an extra $1 billion by charging 14 million Americans for services that should've been free

Last year, Congress passed a bill barring the IRS from developing its own online tax filing system.…

Joseph Zeballos-Roig   


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5 mins read

House Democrats vote to publicly release Trump's personal tax returns

The Ways and Means Committee met to discuss the matter behind closed doors for more than 4-and-a-ha…

Warren Rojas,Kimberly Leonard   


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Mark Cuban says there is 'no way' Trump is under audit for his 2016 tax returns - but he actually is

As has been reported previously, having your taxes under audit by the IRS does not preclude someone…

Allan Smith   


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1 min read

E-filing date of income returns and audit reports of some taxpayers extended to 31st October

"While some High Courts have ruled in favour of the extension of due date, some others have ruled o…

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3 mins read

'We didn't ask you': Alexandria Ocasio-Cortez mocked Trump for repeating an old excuse for hiding his tax returns

"Now, we're under audit, despite what people said," Trump remarked. "We're working that out as - I'…

Tom Porter,Tom Porter   


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2 mins read

Trump said he would release his tax returns when the 'auditors finish.' He's been saying this since 2016.

At Thursday night's debate, the president did not commit to disclosing tax returns before the Novem…

Inyoung Choi   


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2 mins read

Mnuchin says Trump 'has no intentions' to release his tax returns

The tax reform outline provided by Mnuchin and National Economic Council chairman Gary Cohn include…

Allan Smith   


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1 min read

How Trump devised his fake IRS audit excuse to 'get myself out of' releasing his taxes, according a new book

"'I could just say, 'I'll release them when I'm no longer under audit,' Trump said,'" according to …

Nicole Gaudiano   


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1 min read

Side-hustlers who get paid via Cash App and Venmo risk being audited if they don't report their earnings, IRS warns

A tax expert told Insider that the "worst case" for people with a side-hustle who don't declare ear…

Jyoti Mann   


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4 mins read

The 2nd Trump whistleblower is an IRS official who alleges a Treasury Department political appointee tried to interfere with Trump's tax audit

Trump is also at the center of another whistleblower's complaint from a US intelligence official wh…

Sonam Sheth,Tom Porter,Tom Po…