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Tax accountants and lawyers detail the arduous process wealthy New Yorkers would have to face to avoid paying New York State and city taxes.

In announcing the measures, Rachel Reeves, the top economic official in an increasingly unpopular government, cited the forecasts for slower growth and the need to hold down debt.

Rachel Reeves, who has had a bruising tenure as the country’s top economic official, is set to announce tax and spending measures that risk stoking more discontent.

Hochul can show how Democrats wary of a mayor-elect’s populist brand of socialism can push back against it.

The Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich.

After an impressive victory, Mayor-elect Zohran Mamdani now must find funds for his programs. His push for higher taxes puts Gov. Kathy Hochul, who faces a re-election fight, in a tough spot.

The new program, Direct File, helped low- and moderate-income taxpayers file their returns more easily, and had been expanding.

Most of Andrew Cuomo’s income came from Innovation Strategies, a company created for his consulting work before he ran for mayor of New York City, a review of his tax returns showed.

The Illinois governor reported the winnings on his 2024 tax returns, which his campaign released this week. “I was incredibly lucky,” he said.

Zohran Mamdani, the Democratic nominee for New York City mayor, has proposed no-cost, universal child care, helping to reignite a national conversation.

Digital Payment Applications & Taxes Here’s something important to pay attention to if you use certain cash applications to send […] The post Use caution when paying or receiving payments from friends or family members using cash payment apps appeared first on Taxpayer Advocate Service.

  Filing a Petition with the United States Tax Court Taxpayers have the right to appeal an IRS decision in an […] The post Filing a Petition with the United States Tax Court appeared first on Taxpayer Advocate Service.

Giving Tuesday: Giving Back and Staying Tax Smart Every year after Thanksgiving, millions of Americans come together for Giving Tuesday, […] The post Giving Tuesday: Giving Back and Staying Tax Smart appeared first on Taxpayer Advocate Service.

A Win for Taxpayers: Internal Revenue Service Math and Taxpayer Help Act Pressed for time? Listen to a summary of […] The post A Win for Taxpayers: Internal Revenue Service Math and Taxpayer Help Act appeared first on Taxpayer Advocate Service.

This filing season, the Taxpayer Advocate Service wants to remind military members and their families about available free tax filing […] The post Tax filing related resources for military members and families appeared first on Taxpayer Advocate Service.

If you receive information from the IRS that doesn’t belong to you, this is known as an inadvertent unauthorized disclosure. […] The post What Should I Do If I Receive Someone Else’s Information From the IRS? appeared first on Taxpayer Advocate Service.