Tax
Why A House Bill To ‘Prevent’ A Shutdown May Increase The Odds Of One
Congress is in chaos with just 10 days remaining to avert a partial government shutdown. Over the weekend, negotiators for...
IRS Slams The Brakes On ERC Claims Over Suspicious Activities
Intro In a surprising move, the IRS recently announced an immediate stop to new Employee Retention Credit (ERC) processing, citing...
FTC Issues Warning To Five Tax Preparation Companies About Sharing Taxpayer Data
The Federal Trade Commission (FTC) has warned five tax preparation companies that they could face civil penalties if they use...
Pennsylvania Man Sentenced To Prison After His Mega-Mansion Attracted Notice From Feds
Joseph Nocito, age 81, of Sewickley, Pennsylvania, has been sentenced to one year and one day in prison for conspiring...
Fraudulent Tax Refund Grab Involving Identity Theft Nets Man 34 Years In Prison
Ayodele Arasokun was sentenced today in West Virginia to 34 years in federal prison for orchestrating an international tax scheme....
An Update On The Foreign Tax Credit Rules And IRS Relief
Tax Notes reporter Andrew Velarde discusses the latest developments on the final regulations for claiming foreign tax credits, including the...
Rapper Tyga Buried Under $8 Million In Tax Debt Keeps Going Deeper
Michael R. Stevenson is better known by his stage name of Tyga. Tyga is a successful rapper, who like many...
IRS Says Disability Pay Is Taxable Or Tax Free, Here’s How To Tell
What is taxed and what isn’t can be confusing. In the case of disability pay, whether it is taxed or...
For U.S. Territories, IRA Tax Credits Remain A Complicated Question
The Inflation Reduction Act includes U.S. territories in the expansion of clean energy tax benefits, but only partially. The proposed...
IRS Is Hiring Thousands Of New Workers To Ramp Up Focus On Millionaires And Large Corporations
The IRS is hiring thousands of new workers. Just weeks after the tax agency announced plans to ramp up its...
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