Taxes
Longtime Trump Org CFO Gets 5-Month Sentence for Tax Fraud
Allen Weisselberg, 75, admitted to receiving more than $1.7 million in off-the-books perks over 15 years.
New GOP Congress Passes Bill Erasing $71 Billion of IRS Funding
Those who supported the original funding bill say the increase will help the agency increase collections on existing tax laws, and therefore increase revenue, by ...
Two North Carolina Tax Preparers Sentenced to 5 Years in Prison
These returns included fictitious federal income tax withholding figures as well as other fraudulent items that generated fraudulent refunds for the clients.
Congress Wants a Refund: Votes to Delete Most of $80 Billion Boost in IRS Funding
The bill had been a 2022 campaign priority for most GOP Congressional candidates, but to take effect, it would need to next pass in the ...
Rep. Jason Smith Picked to Lead House Ways and Means Committee
At 42 years old, Smith will become the youngest-ever chairman of the powerful tax-writing panel.
How to Prepare for the Corporate Minimum Tax
A corporate alternative minimum tax (CAMT) will apply to certain corporations reporting more than $1 billion in annual adjusted book income averaged over a three-year period...
IRS Corrected 14 Million Tax Returns with Average Refund of $1,232
Many of the 12 million refunds come from a change in the way unemployment insurance was taxed.
Rescinding IRS Funding Among the Many Bills House Majority is Itching to Pass
The first bill in the GOP package aims to rescind the increased funding for the IRS in the Inflation Reduction Act.