| The National Conference of CPA Practitioners is asking the IRS to postpone the tax deadline from May 17 until June 15 and to make it apply to quarterly estimated payments. | Richest 1% hide a fifth of their income from the IRS → | | By Ben Steverman 2 min read | | More than 20 percent of the wealthiest Americans’ income isn’t being reported to the Internal Revenue Service, according to a new study that calculates U.S. tax evasion is far higher than previously estimated. | |
| Biden determined to tax rich after windfalls during crisis → | | By Nancy Cook 5 min read | | President Joe Biden’s economic team at the White House is determined to make good on his campaign pledge to raise taxes on the rich, emboldened by mounting data showing how well America’s wealthy did financially during the pandemic. | |
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