Income taxes

IRS headquarters
Non-profits
Michael Cohn
October 23, 2020 1:56 PM

The Internal Revenue Service is reversing course on the automatic revocation notices that it sent to more than 30,000 tax-exempt organizations.

2 Min Read
Rep. Bill Pascrell, D-N.J.
IRS
Michael Cohn
October 21, 2020 11:06 AM

Democrats on the House Ways and Means Oversight Subcommittee want the agency to reverse the automated revocation of status for tens of thousands of nonprofits.

4 Min Read
Tax forms
Michael Cohn
October 14, 2020 2:00 PM

Accounting firms Crowe LLP and BKD LLP released year-end tax-planning guides Wednesday, during a time of great uncertainty over future tax changes in the midst of the novel coronavirus pandemic and the upcoming election.

2 Min Read
biden-joe-campaign.jpg
By Laura Davison and Bill Allison
September 30, 2020 2:46 PM

Democratic presidential nominee Joe Biden released his 2019 tax returns hours before the first debate with President Donald Trump, showing that he paid $299,346 in income taxes in 2019.

3 Min Read
draft-1040-2020-page1.jpg
Michael Cohn
August 24, 2020 3:23 PM

Several significant changes are probably in store for next tax season.

2 Min Read
draft-1040-2020-page1.jpg
Michael Cohn
August 21, 2020 4:49 PM

The Internal Revenue Service has released a draft version of the Form 1040 for tax year 2020 with several significant changes probably in store for next tax season.

2 Min Read
coronavirus-testing-site-berkeley.jpg
By Frances Schwartzkopff
July 13, 2020 9:53 AM

Dozens of millionaires from the U.S. and six other countries have a message for their governments: “Tax us. Tax us. Tax us.”

1 Min Read
U.S. Capitol
Non-profits
Michael Cohn
July 10, 2020 2:56 PM

The Senate and House passed bipartisan legislation to help nonprofits remain financially viable during the COVID-19 pandemic.

6 Min Read
Coronavirus remote work telecommuting
John Hayashi
June 29, 2020 12:00 PM

Business leaders and accountants should understand three significant SALT issues, if they're expecting an increase of remote employees working in new state or local tax jurisdictions this year.

11 Min Read
catholic-charities-brooklyn.jpg
By Ben Steverman
June 15, 2020 10:11 AM

Nonprofits, lawmakers and others want to see more giving from fund donor-advised funds, which have grown popular recently because they’re so flexible.

7 Min Read