tax returns

Donald Trump may owe $100 million from double-dip tax breaks, audit shows

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Former President Donald Trump used a dubious accounting maneuver to claim improper tax breaks from his troubled Chicago tower, according to an IRS inquiry uncovered by The New York Times and ProPublica. Losing a yearslong audit battle over the claim could mean a tax bill of more than $100 million. The 92-story, glass-sheathed skyscraper along … Read more

FTC: TurboTax maker deceived customers with ‘free’ services

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The Federal Trade Commission (FTC) ruled on Monday that the maker of TurboTax is deceiving customers when it claims a version its online tax filing software is free, when most customers would have to pay for it. The FTC’s opinion states that Intuit’s TurboTax Free Edition, marketed as a stripped-down version of its paid software … Read more