Latest in Taxes

Former President Donald Trump is seeking a court order to block the IRS from releasing his tax returns to a House committee. Last week, the Justice Department’s Office of Legal Counsel said that the Treasury Department must release the returns, concluding that the chairman of the House Ways and Means Committee had…

“California's going to come roaring back,” said Governor Gavin Newsom on Monday as he announced his $100 billion California Comeback Plan. He called it the biggest economic recovery package in state history – including unprecedented investments to address the region’s most persistent challenges, starting with nearly…

Major metropolitan areas could face the loss of considerable revenue if the US Supreme Court upholds a bid to restrict how states can tax workers who no longer commute. The Wall Street Journal reports that more than a dozen states have submitted briefs on a petition filed to the US Supreme Court by New…

Donald Trump was dealt another setback in his latest effort to squelch a grand jury subpoena for his tax returns, after a federal appellate court ruled that Manhattan’s district attorney’s attempt to obtain the documents was not overly broad or done in bad faith. While the 2nd Circuit Court of Appeals ruling is…

Donald Trump paid only $750 in federal income tax in 2016 and then in 2017, one of a number of revelations that The New York Times reported on Sunday as they obtained more than two decades of tax information. The report also showed that Trump paid no taxes in 10 of the previous 15 years, as he reported massive losses…

The Supreme Court ruled that Manhattan prosecutors can pursue a subpoena to obtain Donald Trump’s financial records and tax returns, rejecting claims of presidential immunity. But the justices also decided that Congress is not privy to the information, at least for now. The 7-2 rulings, issued on the final decision…

President Donald Trump lost his latest attempt to prevent the release of his tax returns to a New York grand jury. A federal appeals court ruled that Trump’s accounting firm must comply with a subpoena, which was issued as part of a grand jury investigation spearheaded by Manhattan District Attorney Cyrus Vance…

President Donald Trump’s accounting firm must honor a subpoena to turn over eight years of tax records to Congress, an appeals court ruled Friday. The decision by the D.C. Circuit Court of Appeals was yet another development in a seemingly endless breaking news cycle, particularly since House Democrats launched an…

Seth Meyers caught up viewers on President Donald Trump’s latest antics about his taxes and immigration laws. Per usual, Trump and team insist Trump’s taxes are under audit – “Fake Audit,” Meyers calls it – and POTUS keeps repeating the claim over and over, every time he’s asked. Playing some of the clips, Meyers…