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IRS Says Financial Crimes Surged Nearly 16% in 2025—Up to $10.6B

Taxes December 12, 2025 

IRS Says Financial Crimes Surged Nearly 16% in 2025—Up to $10.6B

Of the $10.59 billion, $4.5 billion resulted from tax fraud, marking an increase of 111.8% from FY24, the agency said this week.

Featured Articles

December 12, 2025  

Las Vegas Casino Heavyweights Implore Congress to Restore Gambling Loss Tax Deduction

December 11, 2025  

Senate Blocks Plan to Extend Expiring Obamacare Tax Credits Past This Month

December 11, 2025  

Treasury Secretary Labels 3 Democratic Governors as ‘Grinches’ Over Their State’s Taxes

December 11, 2025  

Moderate House Republicans Look to Force Vote on ACA Tax Credits

December 11, 2025  

Boston Homeowners to See 13% Tax Increase
Georgia Senate Looks at Eliminating State Income Tax

Taxes August 22, 2025 

Georgia Senate Looks at Eliminating State Income Tax

Georgia legislators have been reducing the individual and corporate income tax rate for years — it will fall to 5.19% this year under a law signed by Gov. Brian Kemp in April.

walmart1

Payroll August 22, 2025 

Consumers are Still Budget-Conscious, and More are Choosing Walmart than Target

Executives at both companies said they remain cautious about the all-important holiday shopping season, as tariffs slowly push up prices.

electric cars-Pixabay-JoeNomias-3117778_1280

Taxes August 20, 2025 

Electric Vehicle Sales Surge as End of Tax Credit Nears

Analysts expect manufacturers to further scale back production of EVs to match limited interest among buyers, especially as Trump works to remove federal emissions requirements.

The 7 Worst Investment Decisions Beginners Can Make

Payroll August 18, 2025 

The 7 Worst Investment Decisions Beginners Can Make

Investing is an important step toward building wealth and achieving your financial goals. However, successful investing can be difficult and there are some key mistakes you’ll want to avoid.

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Small Business August 18, 2025 

Las Vegas Tourism Hits Slump

Consumer spending in Las Vegas is down in several ways, state data shows, amid a slump in tourism to the casino mecca and national economic jitters.

Coast Guard Hero—a Former KPMG Intern—Who Helped Save 165 Lives in Texas Floods Recounts His Training

Accounting August 15, 2025 

Coast Guard Hero—a Former KPMG Intern—Who Helped Save 165 Lives in Texas Floods Recounts His Training

In his first mission, Petty Officer Scott Ruskan evacuated scores of survivors from Camp Mystic in Kerr County, Texas, where 28 victims died in the flash floods on July 4.

9 Smart Things to Do with Your Annual Bonus

Payroll August 15, 2025 

9 Smart Things to Do with Your Annual Bonus

No matter the size of your hard-earned bonus, you should think about how it can best serve you and your financial goals in both the short and long term.

U.S. Jobless Claims Edge Lower, While Continuing Claims Remain Elevated

Payroll August 15, 2025 

U.S. Jobless Claims Edge Lower, While Continuing Claims Remain Elevated

Applications for U.S. unemployment benefits edged lower last week, suggesting employers remain reluctant to lay off workers.

Ex-Accounting Professor Pleads Guilty to Wire Fraud in Embezzlement Scheme

Accounting August 14, 2025 

Ex-Accounting Professor Pleads Guilty to Wire Fraud in Embezzlement Scheme

James Anthony Kroger, a former tax and accounting professor at Gustavus Adolphus College, was convicted on one count of wire fraud that accused him of embezzling more than $670,000 from a Wyoming-based real estate company.

Mayo Clinic ‘Schools’ IRS in $11.5 Million Court Victory

Taxes August 14, 2025 

Mayo Clinic ‘Schools’ IRS in $11.5 Million Court Victory

After nine years, a court of appeals ruling in July officially confirmed Mayo Clinic’s final victory over the IRS in a $11.5 million legal dispute over its tax-exempt status.

Sticker Shock: Hospitals Say Tax Credit That Keeps People Healthy is Now at Risk

Taxes August 13, 2025 

Sticker Shock: Hospitals Say Tax Credit That Keeps People Healthy is Now at Risk

The price of coverage under the Affordable Care Act will jump between 30% and 50% if Congress does not act to extend the enhanced premium tax credits that helped keep down insurance costs during the pandemic, a hospital CEO says.

Nevada Dems Seek Clarification from Treasury Department on ‘No Tax on Tips’ Policy

Taxes August 13, 2025 

Nevada Dems Seek Clarification from Treasury Department on ‘No Tax on Tips’ Policy

In a letter, Democratic members of Nevada’s federal delegation urged the Treasury Department to address possible shortfalls of the One Big Beautiful Bill Act's "no tax on tips" provision as it’s implemented.

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