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Schumer Weighs Tax to Enable Wage Hike: Stimulus Update

The White House has declined to take a position on new proposals to impose a penalty on big U.S. companies as a way to push through a minimum-wage increase. The initiative put forward by two Senate committee chairs threatens to complicate passage of President Joe Biden’s $1.9 trillion pandemic-relief bill.

Marijuana Dispensary Urges Supreme Court to Review IRS Summons

A Colorado marijuana dispensary argued the U.S. Supreme Court should consider a challenge to an IRS summons over possibly improper business deductions because the case offers an opportunity to address the definition of constitutional income under the 16th Amendment.

Start Now on Remote-Work Tax Planning for 2021: Opinion

Many employees are approaching the one-year mark of working from home, with no set date to return to the office. For those who live in different states from where their employers are based, tax returns due this year and beyond may be particularly complicated.

Podcast: Tax Season May Be Tough for Novice Traders

Retail investors had the opportunity to make a lot of money thanks to recent spikes for GameStop, AMC, and other stocks. New traders who cashed out big gains in 2020 could face complications this tax season.

Trump Rejected as Supreme Court Lets Prosecutor Get Taxes

The U.S. Supreme Court rejected a bid by Donald Trump to keep eight years of his tax returns and other financial records out of the hands of a Manhattan prosecutor conducting a criminal investigation into the former president and his company, the Trump Organization Inc.

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Podcasts

For Novice Stock Traders, Tax Season Could Be Tough

Sales-Hiding Software Outsmarts U.S. Tax Collectors