Income Tax
Latest News
FASB Seeks Comment on Financial KPIs
N.Y. Congressman Requests Trump’s Support For Tax Cap Elimination
AICPA News – Nov. 2024
Chicago Aldermen Give Mayor Brandon Johnson’s $300M Property Tax Plan the Boot
A good market for CPAs: NYC suburb has most high income households
The combined cities of Bridgeport, Stamford and Norwalk, Connecticut, within commute distance of New York City, has the nation's highest percentage of households with high income at 17.9 percent, according to a report from the U.S. Census Bureau.
Pennsylvania property tax, rent rebate program applications now available
The rebate program benefits eligible Pennsylvanians age 65 and older; widows and widowers age 50 and older; and people with disabilities age 18 and older. The income limit is $35,000 a year for homeowners and $15,000 annually for renters, and half of Social Security income is excluded.
Group says that offshore tax havens cost U.S. $150 billion each year
The Massachusetts Public Interest Research Group says that large companies aren't paying their fair share of the state's taxes.
IRS seeks comment on dual use equipment
On Jan. 6, the IRS issued a notice seeking comments on dual-use property as it considers issuing new guidance to reduce disputes between equipment dealers and the agency.
11 indicted for filing taxes for 2,700 dead people
A South Florida ring accused of plotting to fleece $34 million from the U.S. government by filing phony tax returns in the names of thousands of dead people was indicted this week.
IRS forms for Education Credit and Depreciation now available
The Internal Revenue Service announced on Friday afternoon that taxpayers and tax professionals will be able to start filing two major tax forms starting Sunday covering education credits and depreciation.
Tax fraud money laundered through church, Pastor and nephew plead guilty
When police made things in Tampa, Florida, too hot for tax refund fraud, Victor Williams turned to a higher power.
Colorado man indicted for not paying taxes on drug money
A 25-year-old Boulder man has been indicted by a federal grand jury on suspicion of drug-related money laundering, the United States Attorney's Office in Denver announced today.