Taxes

An academic study revealed that Black Americans are up to five times more likely to be audited than taxpayers of other races.

Adhere strictly to the substantiation rules for charitable donations. A deduction worth thousands of tax dollars could be at stake.

U.S. regulators are ratcheting up oversight efforts across the banking system as they lack the ability to quickly overhaul rules to blunt turmoil that’s already collapsed four mid-sized lenders.

Rep. Michelle Steel is leading Republicans on a new bill that would preserve a bigger standard deduction at tax time.

Domestic content is generally defined as steel, iron or manufactured products that are manufactured or produced in the United States.

Other states that require sales tax licenses to be renewed annually include Arizona, Arkansas, and Rhode Island.

The agency is seeking ideas on how to improve tax dispute conference options for taxpayers who don’t live close to an appeals office.

This practice – known as the “mailbox rule” – already applies to payments and documents sent to the IRS through traditional mail.