Latest in Large New Tax
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Waiting for a large new tax cut? GLWT
Behold, the messy sausage-making of US budgetsFinancial Times - 11h -
Virgin Galactic’s new spacecraft looms large as company eyes future profitability
Virgin Galactic Holdings Inc. says it is making progress building its new Delta-class spacecraft, which it says will help unlock the company’s future profitability.MarketWatch - 5d -
Companies are unprepared for new tax trade-off in 2025
As the Tax Cuts and Jobs Act is set to expire later this year, companies are preparing for potential trade wars and tariffs, and the White House is weighing a strategy that could include a tariff ...The Hill - Feb. 24 -
Federal agencies preparing for large-scale layoffs
Government agencies have been ordered to prepare for extensive layoffs as part of the ongoing initiative by President Trump and Elon Musk to slash the federal workforce.NBC News - 5d -
When to hire a tax attorney
There are a number of instances in which hiring a tax attorney makes more sense than the alternatives.CBS News - Feb. 25 -
Large Holes Open Up in Surrey, England; Car Teeters on the Edge
A giant hole opened up on a street in Surrey, southwest of London, forcing evacuations and leaving a car teetering on the edge. The cause was unknown.The New York Times - Feb. 20 -
Mangione receives large donation after Trump death penalty order
The donor said the death penalty should not be politicized.The Hill - Feb. 21 -
3 shot dead outside driver's licensing office, suspect at large
Three people were shot and killed in a parking lot outside a driver's licensing office in Louisville, Kentucky, on Friday, police said.ABC News - Feb. 21 -
Most conservation funds go to large vertebrates at expense of ‘neglected’ species
Study shows funding bias towards animals like rhino while other endangered species including amphibians and algae disregarded. Most global conservation funds go to larger, charismatic animals, ...The Guardian - Feb. 24 -
The Next Phase of Trump’s Large-Scale Work Force Cuts Is Underway
Workers at a handful of agencies have begun receiving notifications that they are part of the “reduction in force” directed by the president, after a wave of firings that targeted probationary ...The New York Times - Feb. 26 -
Large ICE raid near Houston leads to around 118 arrests
Immigration and Customs Enforcement and other federal agencies participated in a large raid outside of Houston targeting undocumented migrants. CBS News' Karen Hua reports.CBS News - 6d -
White House formally instructs agencies to prepare for 'large-scale' layoffs
The Trump administration is directing federal agencies to begin preparations for large-scale layoffs and restructuring, and submit plans by March 13, according to a memo.ABC News - 6d -
Office Closures and Relocations Part of Trump’s Plan for Large-Scale Layoffs
The newly released requirements for agencies to move forward with mass cuts to the federal work force have employees even more on edge.The New York Times - 4d -
Americans largely split on who should have birthright citizenship: Survey
Americans are largely split on which groups of children they think should automatically become citizens, according to a new YouGov survey. The survey, released Friday, includes 51 percent of ...The Hill - 2d -
Kremlin: Trump foreign policy ‘largely aligns’ with our vision
Russia said President Trump’s foreign policy “largely aligns” with its vision. “The new administration is rapidly changing all foreign policy configurations,” Kremlin spokesperson Dmitry Peskov ...The Hill - 1d -
Businesses Are Betting on a Tax Cut Extension
The federal budget debate has big implications for the economy. Despite questions about the math, investors expect an extension of the 2017 tax cuts.The New York Times - Feb. 22 -
It’s time for Americans to withhold their taxes | Judith Levine
The point is not to deprive the government of funds. It’s to expose the regime’s criminality. Political power boils down to two things: votes and money. But when money buys presidents, senators and ...The Guardian - Feb. 20 -
Can you dispute your tax bill with the IRS?
Receiving an unexpected tax bill from the IRS doesn't mean you're automatically obligated to pay it.CBS News - Feb. 24 -
Technology is speeding up tax season, but not the audit process
Politicians on both sides of the political aisles should relish giving their constituents a much-deserved psychological rest after completing their tax-return filing duties.The Hill - Feb. 25 -
How much does tax relief cost (and is it worth it)?
If you owe money to the IRS, tax relief could be worth considering, but there are extra costs that come with it.CBS News - 6d -
5 obstacles facing the GOP tax agenda
The House voted Tuesday to pass a budget resolution that will act as the blueprint for the GOP’s domestic agenda, with the extension of President Trump's 2017 tax cuts at the center. While the bill ...The Hill - 5d -
Who can help me with IRS tax debt?
If you owe the IRS money for back taxes and need some extra help, there are a few different options to consider.CBS News - 8h -
House Republicans representing large shares of Medicaid, SNAP beneficiaries face tough budget test
Some Republicans have raised concerns about potential cuts to anti-poverty programs that their constituents rely on as they search for ways to pay for Trump’s legislative agenda.NBC News - Feb. 21 -
White House says that a large bruise on Trump's hand is from 'shaking hands all day every day'
WASHINGTON — The White House is attributing a large bruise on the back of President Donald Trump's right hand to him shaking hands.NBC News - Feb. 25 -
More large-scale federal firings expected, sources say, creating concern among workers
Sources tell CBS News that the Trump administration plans to issue a new memo in the coming days directing agencies to prepare for large-scale firings. Meanwhile, Elon Musk will be at President ...CBS News - 6d -
Trump admin tells federal agencies to make plans for large-scale layoffs of workers
Trump administration tells federal agencies to make plans for large-scale layoffs of workersNBC News - 6d -
OpenAI launching GPT-4.5, its next general-purpose large language model
Last month CNBC reported that OpenAI was in discussions on a $40 billion funding round at a $340 billion valuation.CNBC - 5d -
Musk makes baseless claim about large number of dead people on federal payroll
Elon Musk's speculation about dead or fictitious employees comes after numerous federal workers were told to ignore an email asking them to justify their jobs. Previous government reviews found no ...CBS News - 5d -
Google agrees to pay Italy $340 million to settle a tax evasion investigation
Italian prosecutors say they are seeking to drop a tax evasion investigation against Google after the tech giant agreed to pay a 326 million euro ($340 million) settlementABC News - Feb. 19 -
Cruise stocks tumble after Commerce Secretary Lutnick signals tax crackdown
Royal Caribbean was the hardest hit.CNBC - Feb. 20 -
IRS layoffs underway around the country as millions prepare to file taxes
The IRS has begun laying off more than 6,000 new and newly promoted employees across the country as part of the push to slash the federal government, sources say.ABC News - Feb. 20 -
What does DOGE's IRS shake-up mean for tax season?
DOGE wants access to filers’ data, and the commerce secretary says Trump wants to scrap the IRS. But filing a return remains mandatory — the earlier the better, tax advisers say.NBC News - Feb. 20 -
What Do the Mass IRS Layoffs Mean for Your Business Tax Filings?
The IRS just laid off at least 6,000 employees, which could lead to slower processing times–or lax enforcement.Inc. - Feb. 21 -
I.R.S. Fires 6,700 Employees Amid Tax Filing Season
The layoffs at the Internal Revenue Service came alongside additional firings at the Transportation Security Administration and the C.I.A.The New York Times - Feb. 21 -
Did You Sell Concert Tickets or Clothes? You May Owe Taxes
If you received more than $5,000 for online sales of “goods or services” in 2024, you might get a Form 1099-K. Don’t ignore it, an expert says.The New York Times - Feb. 21 -
Don't wait to file your taxes this season, experts say. Here's why
Nearly one-third of Americans procrastinate filing their taxes. But here's why you shouldn't wait this season, experts say.CNBC - Feb. 21 -
5 options to consider if you owe $10,000 (or more) in taxes
If you're facing a large tax debt that you can't pay, there are a few possible solutions worth considering.CBS News - Feb. 21