Income Tax
Latest News
U.S. Consumer Inflation Outlook Fell Slightly, Fed Survey Shows
KSM Adds Valuation Firm ValueKnowledge in Illinois
How AI is Reshaping the Future of Finance
EY Acquires HR Tech Consulting Firm Jubilant
IRS to Try Out Its Free E-Filing Tax Return Program in 13 States Next Year
The IRS on Tuesday unveiled more details about Direct File, the agency’s free online tax filing program that is debuting in 2024.
American Living in Monaco Pleads Guilty to $5.1 Million IRS Tax Evasion
Schechter never disclosed the income from the sale of the Monaco apartment or the securities bought from sale proceeds to his tax return preparer.
IRS Says Tax Gap Grew to $688 Billion in Tax Year 2021
The new estimate reflects a rise of more than $192 billion from the prior estimates for tax years 2014 to 2016.
Oct. 16, 2023, is Deadline for Taxpayers with an Extension
For 2023, however, many taxpayers who had received an extension to file, also later faced various forms of natural disasters for which the IRS has granted additional time to file.
Former IRS Contractor Pleads Guilty to Leak of Trump Taxes
Federal prosecutors charged Charles Littlejohn last month, and with his guilty plea, now faces up to five years in prison for the crime.
Former CFO of Russian Natural Gas Firm Gets 7 Years in U.S. Prison for Tax Crimes
Gyetvay was convicted of concealing his ownership and control over substantial offshore assets and did not file tax returns or pay taxes on millions of dollars of income.
Not Having a Speaker is Threatening Many Key Areas Like Tax
Among the items now stalled are negotiations to restore tax breaks for business spending on research and development.
Trump Organization Controller Admits to Tax Fraud Over Fear of Losing Job
McConney admitted he previously testified under oath that he knew he was breaking the law. He claimed he feared being fired if he resisted Weisselberg’s demands.