Economy May 1, 2026
Gas Prices in Great Lakes Region Jump by 84 Cents Per Gallon in One Day
Gas prices started Wednesday under $4 a gallon and then jumped twice, Gas Buddy Head of Petroleum Analysis Patrick De Haan said. It was a "double spike day."
Taxes November 21, 2025
IRS Scam: FTC Sues Tax Debt Relief Company, Claims It Was ‘Pocketing Millions’ and Threatening Taxpayers
The Federal Trade Commission recently filed a joint lawsuit with the state of Nevada against American Tax Service as well as its owners and seven affiliated parties for making false claims that they could help taxpayers with their debts.
Accounting November 21, 2025
Connecticut Accountant Admits to Evading More Than $400,000 in Taxes
Edward Sodlosky, 71, of Middlebury, CT, failed to report almost $1.4 million in additional income, resulting in a tax loss to the government of more than $400,000, authorities said.
Taxes November 21, 2025
N.J. Tax Preparer Convicted in COVID Tax Scheme That Stole $55M
A jury convicted Leon Haynes of 15 counts of aiding and assisting in the preparation and presentation of false tax returns, one count of mail fraud and two counts of tax evasion following a six-day trial.
Technology November 21, 2025
Intuit Keeps Naming Rights on Intuit Dome for 2028 Olympics
Intuit is the first new founding partner of the 2028 Olympics and Paralympics to take advantage of venue naming opportunities available for the L.A. Games as the financial technology company and LA28 announced a sponsorship deal Nov. 21.
Taxes November 20, 2025
Trump’s Library Foundation Got Special Treatment From the IRS During the Government Shutdown
The Donald J. Trump Presidential Library Foundation filed its request for tax-exempt status to the IRS on Oct. 10 and got an approval letter just 10 days later, according to tax records.
Taxes November 20, 2025
U.S. Chamber Official: Trump Tariffs Amount to $600 Billion Tax Increase
During a Nov. 19 event in Mobile, AL, U.S. Chamber of Commerce's Tom Wickham said the president's tariff policy amounts to a potential $600 billion “tax increase annually,” including about $202 billion on small businesses.
Taxes November 20, 2025
Missouri Gov. Says He Plans to Phase Out State’s Income Tax
Missouri Gov. Mike Kehoe has offered no specifics about his plan but said it revolves around offsetting the $10 billion generated by the state’s 4.7% income tax rate, which represents about 63% of the state’s general revenue.
Taxes November 19, 2025
Senate Appears Polarized as ACA Subsidy Cliff Nears
During a Senate Finance Committee hearing on health care affordability on Nov. 19, members found no middle ground on how to lower costs for those relying on expiring tax credits.
Taxes November 19, 2025
Senator Has the Tax-Exempt Status of College Athletics Revenue in Her Crosshairs
In a letter to the Joint Committee on Taxation, Sen. Maria Cantwell (D-WA) called for an analysis of the current landscape of college athletics centered around the policies that shield much of the industry from taxation.
Technology November 19, 2025
Companies Are Warming Up to Saying AI is the Reason for Job Cuts
In recent months, large firms across industries and geographic regions have become more vocal with claims that AI is allowing them to eliminate staff and reduce hiring.
Taxes November 19, 2025
Trump Draws Line in Sand on Extending ACA Tax Credits
President Donald Trump on Tuesday gave his sharpest rebuke of congressional Democrats’ efforts to extend expiring Affordable Care Act enhanced tax credits, saying he would not support legislation to do so.
Taxes November 19, 2025
Tax Documents Show Trump Library is Counting on a $1 Billion Fundraising Haul
Donald Trump’s presidential library foundation plans to raise almost a billion dollars in tax-exempt contributions over the next two years to build and operate his high-rise legacy project in downtown Miami, according to new tax filings.