If the IRS doesn't collect the balance within the statute, the rest is essentially written off, and any federal tax liens that have been filed for the balance are released. However, the general ...

To discourage corporations from switching to S status just to avoid tax on asset sales, the federal government taxes such sales at 35 percent, the top tax rate. The corporation, not you and the ...

Plenty of online tax filing programs can help you take care of your taxes. Tax planning can be a yearlong process, but it's an essential part of managing your money. And if you have to file quarterly ...

Iowa lawmakers have passed Gov. Kim Reynolds' bill to cut unemployment taxes for businesses, resulting in more than a $1 billion tax cut over five years. The bill would cut in half the amount of ...

Mitch McConnell, Senate majority leader at the time, predicted that the tax cuts would be a “revenue producer,” on net, because they would stimulate so much new growth that federal tax ...

Cornyn's bipartisan Big Bend National Park expansion bill stalls in Senate U.S. House committee passes tax portion of federal budget, 4 legislative items from Arrington U.S. Rep. Arrington ...

As well as calling for deeper cuts in federal spending, the Republican lawmakers blocking the tax bill also want to move up work requirements for some Medicaid recipients, which under the current ...

Copyright 2025 The Associated Press. All Rights Reserved. Copyright 2025 The Associated Press. All Rights Reserved. In a setback, House Republicans failed Friday to ...

The Pac-12’s last federal tax filing from its prior existence offers myriad clues to its demise. From plunging revenue and gaudy executive pay to fiscal mismanagement and immense facility costs ...

WASHINGTON (AP) — In a setback, House Republicans failed Friday to push their big package of tax breaks and spending cuts through the Budget Committee, as a handful of conservatives joined all ...

computing the effects of the tax cuts as well as the plan to pay for them by slashing federal spending on other programs, including Medicaid and food stamps. Combined, those policies could fall ...

In April, The Internal Revenue Service (IRS) extended the deadline again for North Carolinians to file and pay federal tax returns, due to the lingering effects of Hurricane Helene. North Carolina ...