The 401(k) has become the financial tool many Americans rely on for their retirement. We asked experts for their advice on how to take stock of your retirement plan.
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Financial firms want a bigger piece of the $10 trillion in America’s 401(k) plans, and the Trump administration is planning a regulatory rollback to encourage less-regulated — and often riskier — investments.
Wall Street financiers were a clear target of the tax, but some, on questionable legal grounds, have claimed their outsized profits were exempt, sometimes avoiding hundreds of millions in taxes.
Some of Wall Street’s richest and most powerful figures are using a legal loophole to avoid paying millions of dollars in taxes earmarked for health care, a ProPublica investigation found.
The tax agency concluded in its long-running investigation that Trump effectively claimed the same massive write-off twice on his failed Chicago tower.
In their extensive probe, Senate investigators found evidence to suggest Crow has made repeated misrepresentations to the U.S. government. ProPublica revealed the tax maneuvers in a previous story.
The giant consulting firm proposed that Microsoft transfer billions in profits to a small factory in Puerto Rico. The step initially saved the software company billions — then led to an IRS audit and a bill for $28.9 billion in back taxes.
In the largest audit in U.S. history, the IRS rejected Microsoft’s attempts to channel profits to a small factory in Puerto Rico that burned Windows software onto CDs.
A DOJ statement appears to refer to IRS data that ProPublica has used to publish multiple stories on thousands of wealthy Americans. ProPublica maintains it does not know the source of the information.