Taxes January 2, 2025
Nine States Cut Individual Income Taxes on Jan. 1
Seven of the states that are lowering their individual income taxes in 2025 have legislatures that are controlled by Republicans, as well as Republican governors.
Taxes March 21, 2024
Texans Are Leading the Way So Far on IRS Direct File Program
While the exact number was not available, the Treasury Department says Texas has the most filers on a per capita basis.
Taxes March 21, 2024
IRS Revenue Agent Charged With Filing False Tax Returns in Massachusetts
Ndeye Amy Thioub, 67, also taught college-level classes on accounting standards and ethics at Salem State University.
Taxes March 20, 2024
Warren Reintroduces ‘Ultra-Millionaire’ Tax Legislation
The tax, which would impact the top 0.05% of the nation’s households, would bring in $3 trillion in revenue over 10 years.
Taxes March 19, 2024
Former California Tax Preparer Gets 10 Years For Tax Fraud That Targeted 13 States
Stephen Jake McGonigle, 66, was ordered to pay the $1.2 million in restitution that he took from victims in the scheme.
Taxes March 18, 2024
Tax Law: These TCJA Provisions Will Expire Soon
The nation’s lawmakers may allow these provisions to expire as written into the TCJA, extend them indefinitely, for a period of time or even permanently, or otherwise modify them.
Taxes March 15, 2024
Is President Biden On the Right Track With His Billionaire and Business Tax Increase Plans?
The president recently introduced several tax proposals targeting big businesses and the wealthiest Americans.
Taxes March 15, 2024
IRS Offers Special Resources Pages in 21 Languages
The agency's multilingual efforts are a part of its Strategic Operating Plan, which has received additional funding since the enactment of the Inflation Reduction Act.
Taxes March 14, 2024
Money Mule Networks Are on IRS Criminal Investigation’s Radar
Money mules are people who, at someone else’s direction, receive and move money obtained from victims of fraud.
Taxes March 13, 2024
Louisiana Doctor Gets 4 Years in Prison for Tax Evasion
Dr. Melissa Rose Barrett, of Baton Rouge, owed the IRS approximately $1.6 million in income taxes.
Taxes March 13, 2024
Miami Businessman Charged With Hiding Millions in Swiss Bank Accounts, Evading Taxes
Dan Rotta, who is accused of dodging taxes for decades using accounts at UBS and Credit Suisse, was granted a $15 million bond.
Taxes March 12, 2024
Why Businesses Shouldn’t Rely on AI-Powered Tax Prep Advice
A Washington Post investigation found TurboTax's and H&R Block's AI tools are not up to snuff.
Taxes March 12, 2024
IRS Direct File is Now Officially Open for Use in 12 States
The IRS moved the Direct File pilot out of the testing phase, allowing 19 million eligible taxpayers to use the free filing software.