Latest Personal taxes News

DA seeking Trump's taxes cites 'mountain' of allegations

Sep. 21, 2020 7:56 PM EDT

NEW YORK (AP) — The Manhattan district attorney's office told a federal appeals court Monday that its quest to gain access to President Donald Trump’s tax returns is supported by “a mountainous record" of public allegations of misconduct. The president and Manhattan District Attorney Cyrus...

Treasury Secretary Steven Mnuchin testifies before the House Select Subcommittee on the Coronavirus Crisis, during a hybrid hearing, Tuesday, Sept. 1, 2020, on Capitol Hill in Washington. (Graeme Jennings/Pool via AP)

Watchdog: Millions in danger of missing virus relief payouts

Sep. 21, 2020 4:34 PM EDT

WASHINGTON (AP) — Millions of Americans are in danger of missing coronavirus relief payments of up to $1,200 per individual because of incomplete government records, a government watchdog said in a report issued Monday. The Government Accountability Office, Congress’ auditing arm, said that possibly...

FILE - In this June 2, 2019, file photo, former Illinois Sen. Terry Link, D-Vernon Hills, is seen at the Illinois State Capitol in Springfield, Ill. Link pleaded guilty Wednesday, Sept, 16, 2020 to tax evasion in federal court. The Democrat, who resigned last week, had been in office since 1997. He's the latest state legislator to be charged in the federal government's ongoing criminal investigations into public corruption. (Justin L. Fowler/The State Journal-Register via AP File)

Ex-Illinois lawmaker pleads guilty to federal tax charge

Sep. 16, 2020 4:21 PM EDT

CHICAGO (AP) — Former longtime Illinois state Sen. Terry Link pleaded guilty Wednesday to a federal tax charge. The Democrat, who resigned last week, had been in office since 1997. He’s the latest state legislator to be charged in the federal government’s ongoing criminal investigations into...

FILE - In this Aug. 20, 2020, file photo Democratic presidential candidate former Vice President Joe Biden speaks during the fourth day of the Democratic National Convention at the Chase Center in Wilmington, Del. The former senator and vice president backs an active federal government that he says should support but not constrict private enterprise, and he believes the highest federal tax burden should fall on the wealthiest. (AP Photo/Andrew Harnik, File)

AP EXPLAINS: Biden's sizable but not radical tax plans

Sep. 13, 2020 3:28 PM EDT

ATLANTA (AP) — President Donald Trump describes Democratic challenger Joe Biden as a “tool” of “radical socialists” who are bent on taxing every American business and household into bankruptcy. Some progressives say Biden is a corporate crony who will never address systemic...

President Donald Trump speaks at a news conference in the James Brady Press Briefing Room at the White House, Monday, Aug. 31, 2020, in Washington. (AP Photo/Andrew Harnik)

Court shields Trump tax returns, likely until after election

Sep. 1, 2020 8:13 PM EDT

NEW YORK (AP) — A federal appeals court Tuesday granted President Donald Trump a temporary reprieve in the long-running fight over his tax returns, barring Manhattan's top prosecutor from getting the records while Trump's lawyers embark on another bid to overturn the subpoena seeking them. With a temporary...

FILE - This undated file photo provided by NerdWallet shows Liz Weston, a columnist for personal finance website NerdWallet.com. (NerdWallet via AP, File)

Liz Weston: Some remote workers may be in for tax surprise

Aug. 31, 2020 6:43 AM EDT

If the pandemic caused you to relocate across state lines, even temporarily, the next surprise could be having to file an extra tax return and potentially pay more taxes. The issue gained national attention in May, when Gov. Andrew Cuomo of New York said out-of-state health care workers who came to help with the...

Pelosi endorses Rep. Richard Neal in Democratic primary

Aug. 27, 2020 2:36 PM EDT

BOSTON (AP) — U.S. House Speaker Nancy Pelosi gave an enthusiastic endorsement Thursday of U.S. Rep. Richard Neal as the long-time incumbent and chair of the powerful House Ways and Means Committee tries to fend off a Democratic primary challenge by Holyoke Mayor Alex Morse. Pelosi called Neal "an absolute...

President Donald Trump speaks during a news conference at the White House, Wednesday, Aug. 19, 2020, in Washington. (AP Photo/Evan Vucci)

Appeals court won't step in for now on Trump tax records

Aug. 21, 2020 7:52 PM EDT

NEW YORK (AP) — A federal appeals court said Friday it wouldn't step in right away to delay New York prosecutors’ effort to get President Donald Trump's tax records, potentially leaving the Supreme Court as his most promising option to block prosecutors' subpoena. The 2nd U.S. Circuit Court of...

President Donald Trump speaks during a news conference at the White House, Wednesday, Aug. 19, 2020, in Washington. (AP Photo/Evan Vucci)

Trump appeals as judge OKs Manhattan DA getting tax returns

Aug. 20, 2020 12:46 PM EDT

NEW YORK (AP) — As President Donald Trump’s lawyers moved swiftly Thursday to appeal a federal judge's ruling that granted Manhattan’s top prosecutor access to his tax returns, Trump blasted the long-running quest for his financial records as a “continuation of the most disgusting...

Federal judge rejects President Donald Trump's latest effort to shield tax returns from Manhattan district attorney

Aug. 20, 2020 10:50 AM EDT
NEW YORK (AP) — Federal judge rejects President Donald Trump's latest effort to shield tax returns from Manhattan district attorney.