We are a couple of weeks into tax season, and the IRS is telling people in nearly two dozen states to hold off on filing their returns. Those states sent out some kind of tax rebate or inflation relief payment last year, and the IRS hasn’t figured out yet whether those payments are taxable.

According to new documents filed by New York Attorney General Letitia James last week, Trump is, as he is fond of pointing out, a billionaire — if only on paper. Because when he left the White House, he is said to have had control of "only" about $ 65 million in liquid assets. His remaining fortune is said to be spread over hundreds of companies, as Daily Beast reports, citing experts.

Accountants said Donald Trump could have as little as $30million readily available - spread across hundreds of bank accounts. Forensic accountants Mark Gottlieb and Bruce Dubinsky, joined by University of Las Vegas Nevada tax law expert Francine Lipman, told The Daily Beast Trump likely has access to between $30million and $100million, after reviewing his 2020 tax returns.

When Donald Trump left office in early 2021, he was apparently on much thinner financial ice than almost anyone knew. That revelation, which three accounting experts confirmed upon reviewing Trump’s 2020 tax return, may help explain some of the financial and political moves the former president has made in the intervening years. Snowballing legal fees, along with other possible legal settlements and judgments, threaten to consume the cash pile he needs to bankroll his business activity, as well as fund a lavish lifestyle and maintain his image of excess—an emperor atop a golden toilet.

Almost 60 years ago, Reverend Dr. Martin Luther King led the March on Washington for Jobs and Freedom demanding government recognition of and remedies for the immorality of poverty and inequality. In front of the Lincoln Memorial, Dr. King, who was the last to speak, told 250,000 nonviolent protesters about his now-famous dream for a better tomorrow for his children. A few years later in November 1967, based on a suggestion from Marian Wright Edelman, Dr. King organized the Poor People’s Campaign to focus the civil rights movement on economic justice. Tragically, King was murdered a few months later at the age of 39.

After a years-long legal battle that reached the US Supreme Court, a congressional committee has published Donald Trump's redacted federal income tax returns. On Friday morning, local time, the House Ways and Means committee released six years of the former president's tax records, including from his four years in the White House.

A dormant process and a lack of manpower to vet former President Donald Trump’s monster tax return raises new questions about the Internal Revenue Service’s ability to audit presidential tax returns.

The headlines on 2023 tax and retirement policy changes are not quite as big as President Joe Biden had hoped, but one issue — inflation — is is driving significant developments that advisors will want to address with clients.